Option Notice definition
Examples of Option Notice in a sentence
If such delivery and payment for the Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the Option Notice.
For the avoidance of doubt, the Option may only be exercised by Note 2021 Holders holding Note 2021 Indebtedness as of the date the Option Notice is delivered.
If the Option has been exercised by certain of the Note 2021 Holders with respect to some but not all of the Loans outstanding as of the delivery of the Option Notice, then the Agent shall, immediately after the expiration of the Note 2021 Holder Notice Period, send written notice (the “Undersubscription Notice”) to those Note 2021 Holders who delivered an Option Notice within the Note 2021 Holder Notice Period.
Landlord, after receipt of Tenant’s notice, shall deliver notice (the “Option Rent Notice”) to Tenant within thirty (30) days of Landlord’s receipt of the Option Notice setting forth the “Option Rent,” as that term is defined in subparagraph (b) below, which shall be applicable to the Lease during such Option Term.