Option Exercise Notification definition

Option Exercise Notification means a notification (whether verbal or made via Gemini) by National Grid to the Tendering User to exercise an Option (or part thereof) in respect of the Day or Days (or part thereof) and other particulars specified therein and issued by National Grid in accordance with Clause 7 and the other provisions of these Terms and the other Tender Documents;
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Examples of Option Exercise Notification in a sentence

  • No such sum shall be payable in respect of an Option if National Grid does not serve an Option Exercise Notification in respect of that Option giving rise to the surrender of any Exercised Option Capacity in a calendar month.

  • The issue of a Tender Acceptance by National Grid shall not oblige it to serve an Option Exercise Notification in respect of any Option or any part thereof.

  • No sum shall be payable under Clause 4.2 in respect of any Day for which an Option Exercise Notification is issued to the extent that any such Day is a Day after the User Discontinuance Date in respect of any Tendering User.

  • An Option may be exercised in whole or in part by National Grid serving one or more Option Exercise Notifications on the Tendering User at any time up until the Option Exercise Notification Deadline.

  • To the extent that, in relation to any Option, National Grid has not served Option Exercise Notifications in full during the Option Exercise Period for that Option, the relevant part of that Option in respect of which no Option Exercise Notification has been served shall lapse.

  • A Tender Offer Notice, a Tender Acceptance Notice and an Option Exercise Notification once issued may not be withdrawn without the prior written consent of the recipient thereof (which may be given or withheld by that recipient in its sole discretion).

  • An Option (or the relevant part thereof) shall be exercised in respect of any specific Day with effect from the effective time stated as such in the relevant Option Exercise Notification, being a time (on the hour) not later than the Final Option Exercise Time and not earlier than one hour after the service of the relevant Option Exercise Notification.

  • The strike price will be monthly restated by the Consumer Price Index (IPCA), or any other index the Board chooses to use from the date of distribution to the month prior to submission by Beneficiaries of the Option Exercise Notification.

  • Not more than $40,000,000 of such funds may be made available for grants to the Demili- tarization Enterprise Fund designated pursuant to section 5953 1 of this title and for related ad- ministrative expenses.

  • If, by the Option Deadline, Roche has not provided Ionis the Option Exercise Notification, and within [***] after the latest of (1) providing the Option Exercise Notification, (2) receiving an invoice from Ionis for the license fee set forth in Section 9.3, and (3) expiration or termination of any applicable waiting period under the HSR Act or any other similar Applicable Law, has not paid Ionis the license fee set forth in Section 9.3, then Roche’s Option will expire.

Related to Option Exercise Notification

  • Option Exercise Notice has the meaning provided in Section 3.6 below.

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

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

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;

  • Initial Warrant Exercise Date means __________, 1997.

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • 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.

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

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Cashless Exercise means a Cashless Exercise as defined in Section 6.3(b)(i).

  • Warrant Exercise Price means $0.01 per share.

  • Expedited Deliverability Study means a deliverability study that an eligible Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S) that may determine the extent to which an existing or proposed facility satisfies the NYISO Deliverability Interconnection Standard at its requested CRIS level without the need for System Deliverability Upgrades. The schedule and scope of the study is defined in Sections 25.5.9.2.1 and 25.7.1.2 of this Attachment S.

  • Repurchase Response Notice means a notice delivered by the Indenture Trustee at the direction of the Administrator to a Noteholder or Note Owner indicating that a Repurchase Request is unresolved.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Exercise Form means an Exercise Form in the form annexed hereto as Exhibit A.

  • Broker Exercise Notice means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer.

  • Letter of Transmittal and Election Form means the letter of transmittal and election form(s) to be delivered by Company to the Company Shareholders and Company RSU Holders and providing for the Company Shareholder’s and Company RSU Holders election with respect to the Consideration;

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Exercise Agreement has the meaning set forth in Section 3(a)(i).

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Subscription Form means the form of subscription annexed hereto as Schedule “A”;