Memorandum of Option definition

Memorandum of Option means the a memorandum of option in the form of Exhibit E hereto, a completed copy of which for each Eligible Owned Property is to be executed, notarized and delivered to Escrow Holder concurrently with the execution of this Agreement.
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Memorandum of Option means a document substantially in the form attached as Exhibit 3.
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Memorandum of Option means the memorandum of option substantially in the form attached as Exhibit C to the Option to Purchase Agreement.
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Examples of Memorandum of Option in a sentence

  • If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.

  • Should this Option Agreement not be recorded, the parties agree to execute a Memorandum of Option for recording purposes if requested by either of the parties hereto, to be prepared and recorded at the expense of the requesting party.

  • The Escrow Holder shall be instructed to immediately record the Memorandum of Option.

  • In the event County elects not to exercise the Option during the Option Term, County shall execute and cause a quitclaim deed to be recorded in the Official Records of the County where the Property quitclaiming all its rights to acquire fee title to the Property to Owner to remove the Memorandum of Option encumbrance.

  • Simultaneously with execution of this Option Agreement, the City, GEC and the Tribe shall execute and record among the Land Records of the Clerk’s Office of the Circuit Court of the City of Norfolk, Virginia, that Memorandum of Option to Purchase attached as Exhibit F (“Memorandum of Option Agreement”).

  • TESTING AND COMMISSIONING2.34.1. The Sub-Contractor shall test all materials and equipment in accordance with the relevant publications of the local Authority requirements and standards (CP5, CP24 and CP38), both at The Manufacturer's factory and on site as applicable.2.34.2. Provide all necessary equipment required to fully and properly commission the installation.

  • In the event that this Option to Purchase is duly terminated pursuant to the provisions of this Option Agreement, the City, GEC and the Tribe shall execute and record among such Land Records, that Termination of Memorandum of Option to Purchase attached as Exhibit G (“Termination of Memorandum of Option Agreement”).

  • The County shall cause the Memorandum of Option to be recorded in the Official Records of the County where the Property is located.

  • The participants who apply for the competition adhere to the code of ethics of the Comitato Universiade Torino 2025.

  • If a memorandum of the contract is recorded, it shall be entitled "Memorandum of Option Contract" and shall contain, as a minimum, the names of the parties, the signatures of the parties, a description of the property, and applicable time periods as described in subdivisions (b)(7) and (8) of this section.


More Definitions of Memorandum of Option

Memorandum of Option means, with respect to any Receivable, a memorandum (or other similar instrument which is customary and serves the same function as a memorandum under the Applicable Laws and practice in the Property Jurisdiction), evidencing (and otherwise providing notice of) the encumbrance of the option granted by the related Account Obligor with respect to the Optioned Property in conjunction with such Receivable, in form and substance acceptable for recording with the appropriate Governmental Authority for the Property Jurisdiction.
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Memorandum of Option means a memorandum of unrecorded option, substantially in the form attached hereto and incorporated herein as Attachment No. 11. The Memorandum of Option will automatically terminate on the Funding Closing Date.
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Memorandum of Option. A memorandum of option, in the form of Exhibit "C" attached hereto and incorporated herein by reference for all purposes ("Memorandum"), which shall be executed by Optionor and Optionee in accordance with the terms of this Agreement and may be filed of record in the appropriate real property records of the County in which the Property is located. Following the performance of all obligations under this Agreement, or in the alternative, the termination thereof for any reason, Optionor and Optionee, at the request of either party, shall execute and deliver a termination of the Memorandum in recordable form, which may be recorded in the Real Property Records of Tarrant County, Texas, at the expense of the requesting party.
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Memorandum of Option. As defined in Article 39.
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Memorandum of Option shall be as defined in Section 4.02(h).
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Memorandum of Option. Agreement” 2
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Related to Memorandum of Option

  • Memorandum of Agreement means the agreement executed by and between FFA and the Institution in which these Conditions have been incorporated by reference;

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • Memorandum means the memorandum of association of the Company.

  • Certificate of Award means the certificate authorized by Section 6(a), to be signed by the Fiscal Officer, setting forth and determining those terms or other matters pertaining to the Bonds and their issuance, sale and delivery as this Ordinance requires or authorizes to be set forth or determined therein.

  • Memorandum of Understanding means that certain predecessor agreement between the Parties to develop this Joint Operating Agreement dated February 27, 2004.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Memorandum and Articles of Association means the Memorandum and Articles of Association of the Company, as amended and restated from time to time.

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;

  • Restricted Stock Purchase Agreement means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Articles of Association means the articles of association of the Company, as amended from time to time.

  • Company Option Plan means the (A) 1998 Stock Incentive Plan and (B) any other compensatory option plans or Contracts of the Company, including option plans or Contracts assumed by the Company pursuant to a merger or acquisition.

  • Amended and Restated Certificate of Incorporation means the Amended and Restated Certificate of Incorporation of the Company, as in effect as of the Effective Date.

  • Stockholder Agreement means the Stockholder Agreement, dated as of August 29, 2003, among the Company and its stockholders, as amended and in effect from time to time.

  • Term Sheet means any term sheet that satisfies the requirements of Rule 434 under the Act. Any reference herein to the "date" of a Prospectus that includes a Term Sheet shall mean the date of such Term Sheet.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.