Minimum Option Price definition

Minimum Option Price means $50,000.
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Minimum Option Price means a sum equal to the following: (i) any and all hard and soft development and or acquisition costs actually paid to third parties by the Hersha Affiliates that were necessary and/or appropriate for the acquisition of the Hotel Property and/or Hotel Construction of the subject Hotel Property, (ii) all independent third party interest expenses incurred by or in connection with the acquisition or development of the subject Hotel Property that, in accordance with the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated in connection therewith, are properly capitalized, (iii) to the extent not provided for in (i) and (ii) above, the cash contribution of and unpaid advances by the owners of the subject Hotel Property, including any cash contribution of and advances by the Hersha Affiliates, and (iv) a cumulative, non-compounded return on the cash investment or advances (less any interest actually paid with respect to such advances) of the owners of the subject Hotel Property from the date such cash is invested or advanced, together with interest thereon equal to the prime rate plus five percent (5%). For purposes of this section, the "prime rate" shall be the prime rate as reported in The Wall Street Journal, Eastern Edition, from time to time. The Minimum Option Price shall be calculated by the Hersha Affiliates and set forth in a certificate delivered to the Partnership and certified as true and correct by the Hersha Affiliates upon the written request of the Partnership from time to time. The Minimum Option Price shall not include any finder's fee, brokerage fee, development fee, management fee or other compensation paid to the Hersha Affiliates.
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Minimum Option Price has the meaning set forth in Section 9.3(b)(ii).
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Examples of Minimum Option Price in a sentence

  • At Expiration (the end of the Initial Term or any Renewal Term, in either case without further renewal, if permitted), the amount in Column 1 (Early Termination Fee) shall be deemed to be zero (0) and the amount in Column 2 (Minimum Option Price) shall be the amount applicable for the year then ending.

  • If WPHC and Xxxx are unable to determine the Option Price by the Option Closing Date, then WPHC shall pay Xxxx the Minimum Option Price as estimated by WPHC in its good faith judgment.

  • If WPHC and Feld are unable to determine thx Xxtion Price by the Option Closing Date, then WPHC shall pay Feld the Minimum Option Price ax xxtimated by WPHC in its good faith judgment.

  • However, in the event that the Optionee's employment is terminated without "cause," Optionee dies or becomes disabled, and at such time the Company is a reporting company under Securities and Exchange Act of 1934, the Company shall have a right to purchase any Units acquired by the Optionee under Options granted under this Plan for a purchase price equal to the fair market value of the Units determined on the date of termination in accordance with Section 4(A) above (Minimum Option Price).

  • If a Minimum Option Price is specified in such notice and is in excess of the Additional Purchase Price that otherwise would be paid, then the 7th Level Notice with respect to such Additional Right, and any transaction relating thereto, will be null and void without further obligation of either party.

  • Failure by Madison Member to respond to a Plymouth Option Notice within ten (10) Business Days receipt thereof shall be deemed an election by Madison Member to accept the Minimum Option Price.

  • At Expiration (the end of the Initial Term or any Renewal Term, in either case without further renewal, if permitted), the amount in Column 1 (Early Termination Fee) shall be deemed to be zero(0) and the amount in Column 2 (Minimum Option Price) shall be the amount applicable for the year then ending.

  • With respect to each Hotel Property other than the Hampton Inn, Danville, Pennsylvania, if the Minimum Option Price exceeds the Fair Market Value, the Partnership shall have the right to terminate the Acquisition Agreement within ten (10) days following receipt by the Partnership of the determination of Fair Market Value.

  • However, in the event that the Optionee’s employment is terminated without “cause,” Optionee dies or becomes disabled, and at such time the Company is a reporting company under the 1934 Act, the Company shall have a right to purchase any Common Stock acquired by the Optionee under Options granted under this Plan for a purchase price equal to the fair market value of the Common Stock determined on the date of termination in accordance with Paragraph 4(A) above (Minimum Option Price).

  • Promptly after receipt of the Plymouth Option Notice, Madison Member shall notify Plymouth Member in writing, as to each Plymouth Option Asset, either (x) that it will accept, on behalf of the Company, the Minimum Option Price for such Plymouth Option Asset, or (y) that it elects to submit such Plymouth Option Asset to the valuation process set forth in Section 9.3(d) (a “ Valuation Election”) to determine the “Appraised Value” of such Plymouth Option Asset.

Related to Minimum Option Price

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • 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.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Warrant Exercise Price means $0.04 per share.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Aggregate Exercise Price means, in connection with the exercise of this Warrant at any time, an amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this Warrant is being exercised at such time.

  • Minimum Sale Price means, with respect to any Aircraft or the Equipment Notes issued in respect of such Aircraft, at any time, in the case of the sale of an Aircraft, 75%, or in the case of the sale of related Equipment Notes, 85%, of the Appraised Current Market Value of such Aircraft.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Price Per Share shall have the meaning ascribed to such term in Section 2.1.

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

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA; ‘National Law’ means (a) for a state or territory other than Western Australia – the Health Practitioner Regulation National Law as set out in the Schedule to the Health Practitioner Regulation National Law Act 2009 (Qld) as it applies (with or without modification) as a law of the State or Territory; and (b) for Western Australia – the legislation enacted by the Health Regulation National Law (WA) Xxx 0000 that corresponds to the Health Practitioner Regulation National Law;

  • Termination Price As defined in Section 9.01.

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.