Default Call Option definition

Default Call Option means the call option pursuant to Clause 9.6(b). "Default Put Option" means the put option pursuant to Clause 9.6(a).
View Source
Default Call Option has the meaning set forth in Clause 9.1.1.
View Source
Default Call Option shall have the meaning ascribed to it in Clause 21.1(a);
View Source

Examples of Default Call Option in a sentence

  • The provisions of Section 9.4 above shall apply, mutatis mutandis, to the exercise of the Default Call Option and the Default Put Option, provided that the [*] period contemplated thereunder shall be reduced to [*].

  • To the extent applicable, the Non-Defaulting Shareholder may require a concurrent determination of Fair Market Value and Net Book Value for purposes of both the Default Call Option and Default Put Option.

  • In particular, the Parties acknowledge and agree that the economic terms agreed in sections 7 (Vesting), 8 (Admission of Additional Partners, Transfer of Partnership Interests, Default Call Option), 14 (Compulsory Transfer of Limited Partnership Interests, Call Options), 15 (Restrictive Covenants) and 16 (Compensation) of the Partnership Agreement shall apply mutatis mutandis to the Managers’ direct or indirect investment in the Group even if they do not hold their participation via Management KG.

  • The purchase price for such shares in respect of this Default Call Option shall be Fair Market Value.

  • We hereby give you notice that we require you to sell to us in accordance with the terms and conditions of the Default Call Option, all the Shares for the time being held by you, such sale to be completed on the date specified in Clause 21 of the Joint Venture Agreement.


More Definitions of Default Call Option

Default Call Option. Section 12.1(a)
View Source
Default Call Option means, in relation to any Non-Indemnified Event of Default, the right of any Non-Defaulting Shareholder to require the Defaulting Shareholder to sell all the Default Option Shares to the Non-Defaulting Shareholder(s) at 80% of the Fair Market Value per Share (as defined in Exhibit G).
View Source
Default Call Option means the call option arising on default, details of which are set out in Exhibit IV.
View Source
Default Call Option has the meaning set out in clause 18.2(B) (Default options);
View Source
Default Call Option means the call option arising on default, details of which are set out in Part B of Exhibit III. SES — GCL JVC Eng Execution Version
View Source
Default Call Option shall have the meaning ascribed to such term in Clause 2.3.1.
View Source
Default Call Option has the meaning given to it in Section 8.6
View Source