Bank Option definition
Examples of Bank Option in a sentence
The Exchange Agent shall be entitled to rely upon the records of the Bank and the information provided in such demand for cancellation documentation provided by any such holder of a Bank Option, as verified by the Company as to the method and means of payment and disposition of such consideration.
Each holder of a Bank Option who presents a demand for cancellation and payment of such Bank Option as provided in Section 2.8 of the Agreement to the Exchange Agent prior to the Closing shall, upon acceptance thereof, be entitled to the per share equivalent of the Aggregate Option Price.
From and after the Effective Date of the Reorganization, (i) each Bank Option assumed by the Company hereunder may be exercised solely for Company Stock, (ii) the number of shares of Company Stock subject to such Bank Option shall be equal to the number of shares of Bank Stock subject to such Bank Option immediately prior to the Effective Date, and (iii) the per share exercise price under each such Bank Option shall be the per share price of the Bank Stock as of the Effective Date.
Except as otherwise provided herein, the provisions of the Bank Option Plans that provide for the issuance or grant of any other interest in respect of the capital stock of the Bank shall be deleted as of the Effective Date of the Reorganization.
Except as otherwise provided herein, the provisions of the Bank Option Plans that provide for the issuance or grant of any other interest in respect of the capital stock of the Bank shall be deleted as of the Effective Date.
All shares of Company Common Stock issuable upon exercise of a Company Option would be, if issued as of the Agreement Date, duly authorized, validly issued, fully paid and nonassessable.
From and after the Effective Time, all references to the Bank (other than any references relating to a “change in control” of the Bank) in the Bank Option Plan and in each agreement evidencing any award of Bank Stock Options shall be deemed to refer to Parent unless Parent determines otherwise.
Parent will amend the Bank Option Plan so that no additional options may be issued under the Bank Option Plan after the Effective Time.
Exhibit 4.2 sets forth the name of each holder of a Bank Option, the number of shares of Bank Stock covered by each such holder's option, the date of grant of each such holder's option, the exercise price per share, the vesting schedule for each such holder's option, and the expiration date of each such holder's option.
Lender will hold all Tenant Direction Letters in escrow; provided, however, upon the occurrence of a Cash Management Trigger, unless the Clearing Bank Option shall have been exercised and implemented, Lender shall have the right to deliver a Tenant Direction Letter to each tenant at the Property.