Option Letter definition

Option Letter means a written instrument evidencing an Option granted hereunder and signed by an authorized representative of the Company.

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Option Letter has the meaning set forth in Section 11.3(a). “Party” has the meaning set forth in the preamble.

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);

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.

• 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.

• 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.

• Modification of Exhibit C by unilateral Option Letter is permitted only in the specific scenarios listed below.

• Option to Begin a Phase and/or Increase or Decrease the Encumbrance Amount The State may require by Option Letter that Local Agency begin a new Work phase that may include Design, Construction, Environmental, Utilities, ROW Incidentals or Miscellaneous Work (but may not include Right of Way Acquisition/Relocation or Railroads) as detailed in Exhibit A.

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 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 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.

Option Letter shall have the meaning set forth in Section 5.20(d).

Option Letter has the meaning ascribed thereto in Section 7.3(a).

Option Letter means any written notice by State to Contractor in a form substationally equivalent to Exhibit C in accordance with the terms of this Contract.

Option Letter shall have the meaning set forth in Article V. "Quota Share Policies" shall have the meaning set forth in Article II. "Third Party Reinsurance Agreements" shall mean all reinsurance agreements between the Company (as cedent) and Third Party Reinsurers, as set forth in more detail in Article III. "Third Party Reinsurers" shall mean all reinsurers which are not affiliates of the Company and all of the special agent reinsurers set forth on Schedule 1.02. For purposes of this definition, the term "affiliates" has the meaning given in Section 107(a)(4) of the New York Insurance Law and includes, without limitation, Viking County Mutual Insurance Company and Commonwealth Lloyds Insurance Company.