Negative Option Basis definition

Negative Option Basis means a fee arrangement whereby a consumer is charged alone, or in any combination, a service charge, a separate charge or other charge but is entitled to a reduction or series of reductions thereto on a program-by-program basis or service-by-service basis, as the case may be, in the event such consumer affirmatively notifies the distributor of such consumer’s determination not to receive or have available for reception such particular program or such particular service, as the case may be.
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Negative Option Basis means a fee arrangement whereby a Subscriber is charged alone, or in any combination, a Service Charge, a separate PPV Charge or VOD Charge, as applicable, or other charge but is entitled to a reduction or series of reductions thereto on a program-by-program basis in the event such Subscriber affirmatively notifies Licensee of such Subscriber’s determination not to receive or have available for reception such particular program.
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Examples of Negative Option Basis in a sentence

  • An Un-Tethered STE SOD Service shall be required to charge a periodic subscription fee no more frequently than monthly (and in no event shall an Un-Tethered STE SOD Service be made available on a Negative Option Basis.).

  • An Un-Tethered STE SOD Service shall be required to charge a periodic subscription fee no more frequently than monthly (and in no event shall an Un-Tethered STE SOD Service be made available on a Negative Option Basis).

Related to Negative Option Basis

  • Negative option feature means, in an offer or agreement to sell or provide any goods or services, a provision under which the customer’s silence or failure to take an affirmative action to reject goods or services or to cancel the agreement is interpreted by the seller as acceptance of the offer.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Minimum Transferor Interest means, with respect to any period, --------------------------- 4% of the average of the aggregate amount of Principal Receivables for such period.

  • 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.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Series Required Transferor Amount means an amount equal to 7% of the Invested Amount.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Non-Statutory Option means an option not intended to satisfy the requirements of Code Section 422.

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Ending Stock Price means the average of the closing price of the applicable stock for the 90 calendar days up to and including the last day of the Performance Period.

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

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

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

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

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

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.