Monetization Call Option definition

Monetization Call Option means Borrower Partner’s option, upon the full satisfaction of Borrower Partner’s Obligations under the Credit Agreement, other than satisfaction subsequent to an Event of Default, to purchase Fortress Partner’s Payoff Monetization Right, the General Partner Interest, the Fortress Limited Partner Interest and the Profits Interest at any time prior to the third anniversary of the Loan Payoff Date. For the avoidance of doubt, the Monetization Call Option terminates automatically upon the occurrence of a Liquidation Event.
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Examples of Monetization Call Option in a sentence

  • Should you elect to renew your Agreement, and we accept your request to renew your Agreement, then it shall be renewed on an annual basis unless you notify ZucoraHome thirty (30) days prior to expiration of the initial or renewal Service Period of this Agreement (See Section H – Plan Transfer, Renewal, Change and Cancellation).

  • For the avoidance of doubt, upon exercising the Monetization Call Option, Borrower Partner shall be released from its obligations under this Article VII.

Related to Monetization Call Option

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Call 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 payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Retraction Call Right has the meaning ascribed thereto in the Exchangeable Share Provisions.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.