Exercising Party definition
Examples of Exercising Party in a sentence
Each party agrees to indemnify and hold harmless such Exercising Party against any losses or damages arising out of any breach of the warranty set forth in the previous sentence.
In the event that the Exercising Party and the non-Exercising Party are unable to mutually agree on the Reviewing Arbitrator, each of the Exercising Party and the non-Exercising Party shall select the person they propose to be the Reviewing Arbitrator, and the two selections shall mutually agree on a third person meeting such qualifications, with no existing relationship to the Exercising Party, the Company or the non-Exercising Party, to serve as the sole Reviewing Arbitrator.
The Partnership shall distribute to the Exercising Party all of the Exercising Party's Properties, and distribute to the Non-Exercising Party all of the Non-Exercising Party's Properties.
Within seven (7) days of receipt from the Non-Exercising Party of the written notice under Section 14D.1(b), the Parties shall take all steps and execute any amendments to this Agreement, as shall be necessary to increase the Percentage Interest of the Exercising Party by the Transfer Share.
As used herein, the term "Fair Market Value" shall be determined in accordance with Section 6.7 of the Plan on the date the Exercising Party sends notice of its intent to exercise all or a portion of the Option in accordance with Section 5.1 hereof.