Option Obligations definition

Option Obligations means all obligations of the Company with respect to Outstanding Options.

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Option Obligations means all principal and interest and other payments which may be due and payable under this Agreement or the Note calculated in the same manner as the Obligations, provided that upon any exercise of the Pledgee Option, the aggregate purchase price of such exercise will be deemed to be a payment against the Obligations.

Option Obligations for a consideration less than the Conversion Price that would be in effect at the time of such issue, then, and thereafter successively upon each such issue, the Conversion Price shall be reduced as follows:

Examples of Option Obligations in a sentence

• Except for the Existing Option Obligations, for purposes of this adjustment, the issuance of any security of the Borrower carrying the right to convert such security into shares of Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Conversion Base Price upon the issuance of shares of Common Stock upon exercise of such conversion or purchase rights.

• Except for the Existing Option Obligations for purposes of this adjustment, the issuance of any security of the Borrower carrying the right to convert such security into shares of Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Fixed Price upon the issuance of shares of Common Stock upon exercise of such conversion or purchase rights.

• Except for the Existing Option Obligations, for purposes of this adjustment, the issuance of any security of the Borrower carrying the right to convert such security into shares of Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Conversion Price upon the issuance of shares of Common Stock upon exercise of such conversion or purchase rights.

• Except for the Existing Option Obligations for purposes of this adjustment, the issuance of any security of the Borrower carrying the right to convert such security into shares of Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Fixed Conversion Price upon the issuance of shares of Common Stock upon exercise of such conversion or purchase rights.

• Borrower hereby acknowledges and agrees that all of the Rents (other than security deposits from tenants), Money and Proceeds received from Accounts derived from the Individual Properties shall be utilized to pay Basic Carrying Costs, Debt Service, Capital Costs, Rollover Lease Costs, Operating Expenses, Purchase Option Obligations (if any) and for other purposes, including without limitation, dividends or distributions.

• Asset Seller shall assume, retain and pay all debts, costs, liabilities, expenses or obligations related to the VAT Taxes or the Option Obligations and the VAT Taxes and Option Obligations shall be part of the Retained Liabilities.

• If there are outstanding Purchase Option Obligations, any amounts deposited into or remaining in the Cash Collateral Account in each Collection Period after Lender or Servicer has (x) allocated minimum amounts as hereinabove provided, and (y) allocated to the Operating Expense Sub-Account amounts required to pay any Operating Expenses approved by Lender, Servicer or Trustee, shall be allocated to the Purchase Option Sub-Account to satisfy outstanding Purchase Option Obligations.

• Upon Pledgee’s infeasible receipt of payments equal to the Option Obligations, the Pledgee shall assign the balance of the Note, if any, to the Pledgor.

• To the fullest extent permitted by applicable law, the Guarantors waive all defenses given to sureties and guarantors at law or in equity other than the actual payment or performance of the Put Option Obligations, and waive, to the fullest extent permitted by applicable law, all defenses based upon questions of validity, legality or enforceability of this Agreement and/or the Put Option Obligations.

• The applicable indemnified party shall first use reasonable efforts to collect any Option Obligations from the responsible Option Holder.

More Definitions of Option Obligations

Option Obligations means, with respect to each District, Obligations of such District which by their terms, or by the terms of the instrument pursuant to which they were incurred, may be or are required to be tendered by and at the option of the holder thereof for payment or purchase by such District or a third party prior to the stated maturity thereof.

Option Obligations shall have the meaning set forth in Section ------------------ 8.2

Option Obligations means, with respect to a particular Series of Bonds or Series of Subordinate Obligations, as applicable, Bonds which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.