Existing Purchase Option definition

Existing Purchase Option means an Asset Sale required in accordance with any of the following, without giving effect to any amendments or other modifications thereto after the Closing Date:
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Existing Purchase Option means that certain option to purchase the Grand Victorian Washington Property in favor of OSF Healthcare System, an Illinois not-for-profit corporation, created by virtue of the certain Declaration of Restrictions and filed as Document Number 9825975 in the public records of Tazewell County, Illinois.
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Examples of Existing Purchase Option in a sentence

  • Sellers hereby represent that the Grand Victorian Washington Property is subject to the Existing Purchase Option.

  • In the event that OSF Healthcare System exercises its right to purchase the Grand Victorian Washington Property pursuant to the Existing Purchase Option, the Grand Victorian Washington Property and all Personal Property associated therewith shall be deemed excluded from the Acquisition and the Purchase Price shall be reduced by the amount of the Purchase Price allocated to the Grand Victorian Washington Property as set forth on Exhibit D attached hereto.

  • There are currently no events of default outstanding under the Existing Lease nor, to Seller’s knowledge, is there any event outstanding that with the passage of time would reasonably be expected to constitute an event of default under the Existing Lease that would, in either case, prohibit Seller from exercising the Existing Purchase Option or excuse Existing Landlord from its obligation to sell, the Facilities.

  • The Existing Purchase Option constitutes the valid and legally binding obligation of SLC and Existing Landlord and is enforceable against SLC and Existing Landlord in accordance with the terms thereof.

  • This Agreement constitutes the entire understanding between the parties, and supersedes and replaces any and all prior written and oral agreements, including without limitation with respect to the Existing Purchase Option.

  • The PA, as representative of RPCs, will undertake the recruitment in consultation with the PIU and in accordance with ADB procedures.

  • Seller has received all necessary consents of the Existing Landlord to (i) assign or transfer the Existing Purchase Option to Purchaser as described in this Agreement, and (ii) to waive any notice requirement with respect to the Existing Purchase Option.

  • No proceedings are pending or, to Seller’s knowledge, threatened that may result in the revocation, cancellation, suspension or modification of the Existing Purchase Option.

  • The parties hereby terminate the Existing Purchase Option effective as of the Effective Date.

  • In addition, the committee has to debrief the topics that came out of the Town Hall meeting.

Related to Existing Purchase Option

  • Purchase Option Notice As defined in Section 3.18(e).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Purchase Option As defined in Section 3.18(c).

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Series B Purchase Agreement means that certain Series B Preferred Stock Purchase Agreement, dated as of November 10, 2015, as amended and supplemented to date, by and among the Company and the investors signatory thereto.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Share Purchase Agreement has the meaning set forth in the Recitals.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Warrant Agreements means those agreements entered into in connection with the Loan, substantially in the form attached hereto as Exhibit B pursuant to which Borrower granted Lender the right to purchase that number of shares of Series B Preferred Stock of Borrower as more particularly set forth therein.

  • SPAC Warrants means the SPAC Public Warrants and the SPAC Private Placement Warrants.

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • New Warrant Agreement means that certain agreement providing for, among other things, the issuance and terms of the New Warrants issued by New Valaris Holdco as set forth in the Restructuring Term Sheet.

  • Warrant Purchase Agreement means a warrant purchase agreement under which a Warrant is issued entered into by Borrower and an Affiliate of Lenders contemporaneously with the execution of this Loan Agreement.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Option Securities shall have the meaning ascribed to such term in Section 2.2(a).

  • Additional Purchase Agreement means each Additional Purchase Agreement (including the related Additional Xxxx of Sale, the related Blanket Endorsement and any attachments thereto), substantially in the form of Attachment C hereto (of which these Master Terms form a part by reference, provided that in the event of a substitution, the form will be modified accordingly), to be executed by SLM ECFC, Funding and the Interim Eligible Lender Trustee for the benefit of Funding, which certifies that the representations and warranties made by SLM ECFC as set forth in Sections 5(A) and (B) of these Master Terms are true and correct as of the related Purchase Date.