Option Payment Date definition

Option Payment Date shall have the meaning set forth in Section 3.2.
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Option Payment Date has the meaning set forth in Schedule C.
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Option Payment Date has the meaning given to it in Section 6.7(d).
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Examples of Option Payment Date in a sentence

  • The Notes may be repaid on September 10, 2003 (the "Option Payment Date"), at the option of the registered Holders, at 100% of their principal amount together with accrued interest to the Option Payment Date.

  • The Board of Managers may, in its sole discretion, authorize payment of any Deferred Option Payment prior to the Deferred Option Payment Date to any optionee who elects to execute a general release in a form provided by the Company prior to the date determined by the Board of Managers in its sole discretion, in which case the Deferred Option Payment shall be payable promptly after the expiration of any period during which such general release may be revoked.

  • Within thirty (30) Business Days after the holder's exercise of the Put Option, but in no event prior to the Put Option Date (the "Put Option Payment Date"), the Company shall pay the exercising holder, in cash, an amount equal to the then outstanding Conversion Amount of the Note as to which the Put Option is being exercised (the "Put Option Payment").

  • To exercise the Going Private Put Option, a holder of Class B Series II Preferred Shares must deliver, on or before the third business day preceding the Put Option Payment Date, written notice to the Company (or to a paying agent designated by the Company for such purpose) of the holder’s exercise of the Going Private Put Option, indicating the number of Class B Series II Preferred Shares to be repurchased by the Company.

  • The Notes may be redeemed at any time after the Option Payment Date at the option of the Company, in whole or from time to time in part, at a redemption price equal to the sum of (i) the principal amount of the Notes being redeemed plus accrued interest thereon to the redemption date and (ii) the Make-Whole Amount, if any, with respect to such Notes (the "Redemption Price").

  • Commencing as of the Option Payment Date and continuing on the first day of each calendar month thereafter during the Option Period, Buyer shall pay to Seller, as a portion of the Option Consideration, the sum of Ninety-Five Thousand Dollars ($95,000) per month (collectively, the “Additional Option Consideration”).

  • The obligations of the parties under the provisions of this Section 3.1 are for the time period between the Option Payment Date and the Closing Date.

  • The Option Exercise Notice shall be delivered to SMP Holdings as specified in Section 10.1. On or prior to the Option Payment Date, SMP Holdings and Summit MLP shall enter into an agreement, which shall contain terms (including representations, warranties, covenants and indemnities) substantially similar to the terms of this Agreement, pursuant to which SMP Holdings will transfer the Option Project to Summit MLP.

  • To exercise the Change of Control Put Option, a holder of shares of Series B Preferred Stock must deliver, on or before the third business day preceding the Put Option Payment Date, written notice to the Company (or to a paying agent designated by the Company for such purpose) of such holder's exercise of the Change of Control Put Option, indicating the number of shares of Series B Preferred Stock to be repurchased by the Company.

  • The Put Option Exercise Price shall be payable on the Voluntary Put Option Payment Date or the Deemed Put Option Payment Date (each as defined below), as the case may be.


More Definitions of Option Payment Date

Option Payment Date means November 1, 2002, the date upon which the Initial Option Consideration and the first installment of the Additional Option Consideration is due and payable pursuant to Section 2.2.
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Option Payment Date means any of the First Option Payment Date, the Second Option Payment Date or the Third Option Payment Date.
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Option Payment Date means the date on which a Party pays an Option Payment pursuant to Section 9.2 hereof.
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Option Payment Date means the second (2nd) business date after Agent receives the Option Exercise Notice.
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Related to Option Payment Date

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Redemption Payment Date As defined in Section 13.1.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.