Option Letter means a written instrument evidencing an Option granted hereunder and signed by an authorized representative of the Company.
Option Letter means the letter sent by the Corporation to each holder of an Existing Note dated March 16, 2009, as amended by letter dated March 24, 2009, the form of which option letter is attached hereto as Exhibit 1.1(iii);
Option Letter has the meaning set forth in Section 11.3(a). “Party” has the meaning set forth in the preamble.
Examples of Option Letter in a sentence
The effective date of this Option Letter is upon approval of the State Controller or , whichever is later.
This Option Letter is not valid until signed and dated below by the State Controller or delegate.
In such case, the original funding exhibit (Exhibit C) will be replaced with an updated Exhibit C-1 (with subsequent exhibits labeled C-2, C-3, etc.) attached to the Option Letter.
The State may unilaterally exercise this option by providing a fully executed Option Letter to Local Agency within thirty (30) days before the initial targeted start date of the Work phase, in a form substantially equivalent to Exhibit B.
The maximum amount payable shall be reduced through the execution of an Option Letter as described in Section 7.
More Definitions of Option Letter
Option Letter means a written letter provided by the Corporation to a Participant evidencing the grant of Options and the terms and conditions thereof;
Option Letter shall have the meaning set forth in Section 5.20(d).
Option Letter means a written or electronic letter agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant. An Option Letter is subject to the terms and conditions of the Plan.
Option Letter has the meaning ascribed thereto in Section 7.3(a).
Option Letter shall not amend or alter any of the terms or conditions contained in the Lease agreement and may be exercised only after all of the terms and conditions of the original Lease agreement have been fulfilled. This document must be accepted by an authorized signatory of Lessor in order to be valid and binding. ------------------------------------------------------------------------------- LESSEE: MAXXIS GROUP, INC. By: /s/ Thomxx X. Xxxxx, Xxesident/CEO Date: 9/29/98 ----------------------------------- --------------- LESSOR: ROCKFORD INDUSTRIES, INC. By: Date: ---------------------------------------------------- ----------------- (AGREED AND ACCEPTED BY ROCKFORD INDUSTRIES, INC.) EARLY LEASE TERMINATION LESSEE: Maxxis Group, Inc. LEASE NO: 89916 Schedule #: 64550-00000-000 It is Rockford's general policy to allow a lessee to prepay the lease rental payments before the expiration assuming the lessee is and has been faithfully and promptly fulfilling his monthly payment obligation to Rockford Industries, Inc. and its assigns. The payoff is calculated by determining the total equipment cost, service fees and end of lease residual to be paid on the lease. After calculating this amount, a refund of unearned service fees is deducted from the aggregate payment schedule to determine the current payoff figure. There is no additional prepayment penalty added to the payoff calculations, however, it is recommended that you check with your accountant before considering an early payoff as it can effect the tax treatment of a lease. By way of example, below is an overview of the estimated buyouts during the lease terms, assuming completely prompt payment throughout the term: *After 15 Monthly Payments = $ 4,891,848 *After 27 Monthly Payments = $ 3,971,471 *After 39 Monthly Payments = $ 2,987,454 *After 51 Monthly Payments = $ 1,860,934 *After 63 Monthly Payments = See Purchase Option Letter These balance amounts do not include any unpaid obligations on the lease, including any sales and use taxes, property taxes or other fees. LESSEE: /s/ Thomxx X. Xxxxx, Xxesident/CEO DATE: 9/29/98 ----------------------------------- ---------------
Option Letter means a document in form substantially similar to Exhibit E that may be unilaterally executed by a Subscriber to reallocate the percentage of CSG production subscribed by Subscriber among then Subscribed Meters or to add or delete meter locations to or from the Subscription. Option Letters may only change the meter locations and meter allocations designated in Exhibit C, Subscriber's Designation of Subscribed Meters and Meter Allocations.
Option Letter means the letters issued by HPTE in the form attached hereto as Exhibit A, pursuant to the Colorado State Controller’s fiscal rules which shall be used only where there are no changes to the Task Order scope of work for the limited purposes of (a) increasing the not-to-exceed amounts for any previously issued Task Order and/or (b) extending the termination date of any previously issued Task Order.