Exercise Day definition
Examples of Exercise Day in a sentence
In addition, if this Agreement terminates upon the indefeasible payment in full of the Obligations (without the occurrence of the Remedy Exercise Day), the Collateral Agent shall surrender each Collateral First Mortgage Bond to the Company (or, if so requested by the Company, to the Corporate Trustee under the Montana First Mortgage Indenture or the Trustee under the South Dakota First Mortgage Indenture) for cancellation.
The Company shall pay a cash adjustment in respect of the fractional portion of the product of the calculation set forth below in an amount equal to the product of the fractional portion of such product and the Market Price on the Exercise Day, which product is __________.
On or before five Working Days prior to the CPO Exercise Day ESCC shall serve upon the Contractor a payment notice for 90% (ninety per cent) of the ESCC’s best estimate of the CPO Compensation Amount which sum (“Payment on Account”) shall subject to Clause 8A.18.14 be paid to ESCC in cleared funds by the Contractor prior to the CPO Exercise Day.
Sections 5.3, 6.1, 6.3, 6.4, 6.5, 6.12 and 6.13 of this Agreement shall survive any payment or cancellation of the Obligations, the occurrence of the Remedy Exercise Day and any termination of this Agreement.
The SARs shall vest as of the Issue Date and shall be exercisable, in whole or in part, at the times and in the manner specified by Section 6.A. below solely with respect to the following days: (i) July 2, 1999, (ii) July 2, 2000, or (iii) July 2, 2001 (each an "Exercise Day" and collectively "Exercise Days"); provided that the determination of the Fair Market Value shall be determined only for the amount of SARs being exercised on such Exercise Day.