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).
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Default Call Option means the call option arising on default, details of which are set out in Exhibit IV.
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Default Call Option shall have the meaning ascribed to it in Clause 21.1(a);
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Examples of Default Call Option in a sentence

  • The settlement date of the put option pursuant to this Clause 9.6 (Default Put Option) shall occur within 20 Business Days after the ending of the exercise period (provided that if SBB exercises its Default Call Option pursuant to (b) below, the settlement date for all Bonds shall be the settlement date elected by SBB in accordance with (b) below).

  • The Default Call Option and the Sweep-up Call Option shall together be referred to as the ‘‘Options’’.

  • 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, the Defaulting Shareholder’s Shares, such sale to be completed on the date specified in Clause 9.8.1 of the Shareholders’ Agreement.

  • The New Shareholder Executed and delivered as a deed by [name of director] on behalf of [] Director in the presence of: Witness Name: NRIC / Passport No.: Appendix B Default Call Option Notice To : [Name of Defaulting Shareholder] From : [Name of Non-Defaulting Shareholder] We refer to the shareholders’ agreement (the “Shareholders’ Agreement”) dated [●] made between you, us, the Company and [name of the other Non-Defaulting Shareholder(s)].

  • Fairfax India may nominate an Affiliate and/or third Person(s), for the purpose of the exercise of the Default Call Option and in such case such Person(s) shall be the Default Option Holder(s).


More Definitions of Default Call Option

Default Call Option. Section 12.1(a)
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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).
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Default Call Option has the meaning given to it in Clause 10.3;
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Default Call Option shall have the meaning ascribed to such term in Clause 2.3.1.
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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
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Default Call Option has the meaning specified therefor in the Amended Shareholders' Agreement.
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Default Call Option has the meaning set out in clause 18.2(B) (Default options);
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