Additional ERs definition
Examples of Additional ERs in a sentence
For the avoidance of doubt, the Exercise Price payable for the Additional ERs increased due to the exercise of the remedies will be the Unit Price.
For the avoidance of doubt, in the event that the Trustee exercises a Call Option, the table in paragraph (a) above may be amended to include the allocated amount for such Additional ERs.
Unless terminated earlier in accordance with the General Conditions or Section 3.03 of this Agreement, this Agreement shall terminate upon transfer of all the Contract CERs and Additional ERs, if any, and the payment of Periodic Payments in respect thereof [and transfer of all Replacement ERs, if any], subject to the survival of provisions as identified in Section 16.11 of the General Conditions, but in any event by no later than [INSERT DATE].
Unless terminated earlier in accordance with the General Conditions or Section 3.03, this Agreement shall terminate upon transfer of all the Contract ERs and Additional ERs, if any, the payment of Periodic Payments in respect thereof, and the repayment of any yet unrecovered and outstanding Advance Payment amounts, if applicable, subject to the survival of provisions as identified in Section 18.11 of the General Conditions, but in any event by no later than December 31, 2025.
The Trustee must notify the Program Entity of its decision to exercise the Call Option (“Exercise Notice”) within the later of (i) sixty (60) calendar days following agreement between the Parties on an Exercise Price for Additional ERs or (ii) thirty (30) calendar days following receipt of a Third Party Offer under Section 5.01 of this ERPA.
Instead, a cost recovery discount of [ ]% shall be applied to the product of Unit Price or Exercise Price (as applicable) times the number of Contract ERs or Additional ERs (as applicable) transferred to the Trustee (“Cost Recovery Discount”).
Subject to the Maximum Option Volume (see below), the Grantee may exercise the Call Option for all or part of the Tranche A Pro Rata Share in Additional ERs and, if applicable, for any additional amount of Additional ERs for which the Trustee of Tranche B of the Fund has not exercised its call option in full after a Reporting Period under the Tranche B ERPA.
Subject to the Maximum Option Volume (see below), the Grantee may exercise the Call Option for all or part of the Tranche B Pro Rata Share in Additional ERs and, if applicable, for any additional amount of Additional ERs for which the Trustee of Tranche A of the Fund has not exercised its call option in full after a Reporting Period under the Tranche A ERPA.