Call Option definition
Examples of Call Option in a sentence
All Taxes levied by any Governmental Authority in relation to the Transaction and/or the Call Option, including, but not limited to, any Capital Gains Tax levied on the transfer of 73.45% (seventy-three whole and forty-five hundredths percent) of the Sellers’ Shares to the Buyer, shall be paid by the Buyer, even if such obligation is applicable to the Sellers by Law.
Within such request, Lender shall notify Borrower that it is exercising its Call Option by email to Borrower’s Email.
At any time and at its sole and exclusive discretion, the Buyer may, for a period of up to 60 (sixty) months (“Call Option Exercise Period”) following the end of the 36 (thirty-six) month period provided for in Clause 2.2, above, renewable for successive periods by mutual written agreement of the Parties, exercise the Call Option by written notice to the Sellers and the Consenting Intervening Parties, pursuant to Clause 9.1, subject to the provisions of Clause 2.2.2 and subclauses.
In the event of a Call Option where L▇▇▇▇▇ demands repayment of only a portion of any given Loan, Borrower shall repay such portion of the Loan on the Recall Delivery Day and the remaining portion of the Loan on the earlier of the Maturity Date or the subsequent Recall Delivery Day.
For Term Loans with a Call Option (or an Open Loan), Lender may during Business Hours during any Business Day (the ”Recall Request Day”) demand repayment of a portion or the entirety of the Loan Balance (the “Recall Amount”).