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

  • 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.

  • Interest and amortization installments will be paid on the fifteenth (15th) day of the respective month, as set forth in the Special Conditions of this Contract, in an Amortization Schedule Modification Notification Letter, in a Conversion Notification Letter, or in a Principal Payment Option Exercise Notification Letter, as the case may be.

  • Immediately after such appointment (and in no event later than thirty (30) days after the Option Exercise Notification Date), each of the first two appraisers will submit his/her best estimate of the Ground Lease Option Price, together with a written report supporting such estimate, to the third appraiser.

  • If the Bank accepts the Borrower's request, the Principal Payment Option Exercise Notification Letter will include: (i) the new Amortization Schedule for the Loan; and (ii) the effective date of the new Amortization Schedule.

  • If the two appraisers agree upon the Ground Lease Option Price within twenty-one (21) days after the Option Exercise Notification Date, such price will be binding upon Ground Lessor and Ground Lessee.

  • Pursuant to Section 6.2, subsequent to Roche’s Option Exercise Notification, Roche will pay to Ionis a license fee of [***] within the timelines set forth in Section 6.2.

  • Not later than thirty-five (35) days after the Option Exercise Notification Date, the third appraiser will select the estimate of the Ground Lease Option Price he/she concludes to be the closest to the definition thereof set forth in the first sentence of this Paragraph 6.02 and shall notify Ground Lessor and Ground Lessee of such selection.

  • Maxcom may elect to exercise the Call Option at any time during the applicable Call Option Period by delivery of a written notice to Metro Net (the "Call Option Exercise Notification").

  • Interest and amortization installments will be paid on the fifteenth (15th) day of the month, as set forth in the Special Conditions, in an Amortization Schedule Modification Notification Letter, in a Conversion Notification Letter, or in a Principal Payment Option Exercise Notification Letter, as the case may be.

  • If the Bank accepts the Borrower’s request, the Principal Payment Option Exercise Notification Letter will include: (i) the new Amortization Schedule for the Loan; and (ii) the effective date of the new Amortization Schedule.