Option B definition

Option B has the meaning assigned that term in Section 8.03(e).
Option B means that, upon execution of the agreement, the Subdivider may commence construction of the primary and secondary services and shall deposit, with the Municipality, performance security, in the amount of 110% of the approved estimated costs for the installation of the primary and secondary services, to guarantee their installation. Upon receipt of the performance security by the Municipality, lots within the Subdivision may be approved and Building Permits issued, however, Occupancy Permits shall not be issued until acceptance of the primary services; and

Examples of Option B in a sentence

  • PARTICIPANT TO CHOOSE BETWEEN OPTION A OR OPTION B OPTION A: EU Standard Contractual Clauses for processing between IATA and Participant (including the EU Standard Contractual Clauses for processing between IATA and Sub-processor.

  • OPTION B: (for use only in jurisdictions where a tripartite agreement is required): THIS CHAPTER IS TO BE APPLIED BY ALL SIGNATORIES TO THE STANDARD AGREEMENT FOR SIMPLIFIED INVOICING AND SETTLEMENT (SIS) EU Standard Contractual Clauses for processing between IATA, Participant and Sub-processor.

  • OPTION B: Joint and Survivor Option A decreased retirement benefit payable to the retired participant for life shall continue after his or her death to their surviving beneficiary at 100% of that payable to the retired participant.OPTION C: Modified Joint and Survivor Option A decreased retirement benefit payable to the retired participant for life which shall continue after his or her death to their surviving beneficiary at 75% of that payable to the retired participant.


More Definitions of Option B

Option B. “Contract Price” means: (i) the negotiated price, including on-peak and off-peak prices, as specified in Exhibit E; or (ii) the Mid C Index Price. For the first 15 years measured from the date in Section 2.2.2, the Contract Price will be the negotiated price specified in Exhibit E; thereafter and for the remainder of the Term, the Contract Price will be equal to the Mid-C Index Price. The negotiated price established in Exhibit E is not necessarily the same as the Standard Fixed Price Option or the Renewable Fixed Price Option established in the Schedule.
Option B means that the following shall occur:
Option B. To require the A-B-C Member to sell said A-B-C Membership and pay the net proceeds over to the Company after deduction for all transfer and other related fees then imposed by the NYSE; or
Option B. EU Standard Contractual Clauses for processing between IATA, Participant and Sub-processor: Standard Contractual Clauses (processors)
Option B means the optional form of Financial Incentive referred to in Part C.1(b)(ii) of Section I of the Schedule 2 to this Agreement.