Examples of Option Interest in a sentence

Following the earning of the 51% Option Interest, a joint venture (“JV”) will be formed and Banyan will have the ability to elect to earn an additional 24%.
Following the earning of the 51% Option Interest, a JV will be formed and Banyan will have the ability to elect to earn an additional 24%.
The Company will act as the Willow Property’s operator during the initial five-year term and following the earning of the 60% Option Interest, until such time as a joint venture is established, as described below.
Interest on deposits placed under Monthly Income Plan , Non-Cumulative Option and Annual Income Plan shall be paid on fixed dates as given below :Monthly Income Plan (MIP)Last day of each monthNon-Cumulative - Quarterly OptionJune 30, September 30, December 31 and March 31Non-Cumulative - Half Yearly OptionSeptember 30 and March 31Annual Income Plan (AIP)March 31Cumulative Interest Option: Interest will be compounded annually on 31st March of every year after deducting the tax, wherever applicable.
Payment options are described in the prospectus and include a Fixed Amount Payment Option, Fixed Time Payment Option, Interest Payment Option, Lifetime Payment Option, Joint Lifetime Payment Option, and Joint Lifetime Payment Option with Reduced Payments to Survivor.

More Definitions of Option Interest

Option Interest means the entire partnership interest of Seller as a partner of the Partnership, including such partner's (i) right to a share of the income, gain, losses and deductions of and distributions by the Partnership, (ii) right to a share of Partnership assets, (iii) rights with respect to initial and additional capital contributions made to the Partnership by such partner, including such partner's rights with respect to allocations of income, gain losses and deductions of and distributions made by the Partnership which are based upon or determined by reference to such capital contributions, (iv) rights with respect to the management of the business and affairs of the Partnership, (v) voting, consent and approval rights, (vi) rights to unpaid interest under Section 12.6 of the Partnership Agreement, whether accrued as of or accruing on or after the date hereof, (vii) rights with respect to such partner's Capital Account (as defined in the Partnership Agreement), (viii) rights, if any, under Sections 16, 17 and 18 of the Partnership Agreement, (ix) any and all other rights, interests and benefits to which such partner is or may become entitled by reason of its status as a partner of the Partnership, and (x) all liabilities and obligations of such partner by reason of its status as a partner of the Partnership, in each case as provided in the Partnership Agreement or the partnership laws of the state of the Partnership's organization.

Option Interest means any option convertible into common shares of the Debtor as set forth on Exhibit 1, for which a proof of interest has been filed in the Chapter 11 Case on or before the Proof of Interest Bar Date for Option Interests, Equity Rights, and Restricted Stock Awards, and that is not subject to, among other things, reduction, offset or disallowance on account of any counterclaims, Avoidance Actions and Subordination Actions. To the extent an Option Interest has not been adjusted for splits, such interest will be adjusted as required to be equivalent to a common share.

Option Interest has the meaning assigned to such term in Section 16.4.

Option Interest has the meaning set forth in Section 9.06(b).

Option Interest means an undivided 5% Participating Interest in and under the Cambay Contract and includes an equivalent ownership interest in the Operating Agreement, the Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests.

Option Interest means the undivided 70% interest in the Petroleum and Natural Gas Rights, being the remaining interest in the Petroleum and Natural Gas Rights included in the Assets but not forming part of the Initial Interest.