Examples of Option Party in a sentence
The Option Party may exercise it’s Right of First Refusal by submitting either a Collocation Application as set forth in Section 8.4.1.5, or by submitting the Collocation Space Reservation Application set forth in Section 8.4.1.7, within ten (10) calendar days of receipt of the Option Enforcement Notice.
At CLEC A’s request, Qwest will initiate the Option Enforcement Notice process by notifying the Option Party or Parities with the most recent space Option(s) that meets the requirements of CLEC A’s Collocation Application.
In this case, an Option Party may enforce its reservation by payment of the recurring Physical Collocation floor space charge otherwise applicable to the reserved space (in lieu of the non-recurring Reservation Charge) and occupying such space within the time limits specified in Section 12.12.11.
If an Option Party decides to enforce its reservation in this manner, the holder(s) of the reservation(s) with the next-higher priority will be given the option of enforcing or relinquishing its (their) reservation(s).
Party B has undertaken with Party A that at any time after Completion until the expiry of the Call Option, Party B will not dispose of or otherwise create or permit to arise any encumbrance on or in respect of any Sale Equity Interest or agree to do any of the foregoing.
Ahmad al-Assaad formed the Lebanese Option Party in 2007 (now known as the Lebanese Option Gathering) and claims a national political structure.
If an Option Party declines to enforce its reservation as indicated above, the reservation is relinquished and the reservation payment is forfeited.
For the avoidance of doubt, there shall be no limitation on the number of times the Call Option Party may exercise the Property Call Option within the Property Call Option Period so long as the Call Option SPA entered into pursuant to the exercise of the Property Call Option cannot be completed due to non-compliance of the conditions precedent stipulated therein.
The Senior Class MTNs Call Option is granted by the Trustee in favour of the Call Option Party and exercisable during the Senior Class MTNs Call Option Period but only after occurrence of a Trigger Event or an Event of Default or the Reinstatement Event.
The agreement with the different parties was reached during a meeting between President Santos and the Liberal Party, the Conservative Party, the Social Party of National Unity (the U Party) and the Radical Change Party (all members of the coalition of Government), as well as with leftist parties such as the Green Alliance, the Alternative Democratic Pole, Independent Movement of Absolute Renovation (MIRA), MAIS and the Citizen Option Party.