Option Term definition

Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

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Option Term means the period beginning on the Grant Date of an Option and ending on the expiration date of such Option, as specified in the Award Agreement for such Option and as may, consistent with the provisions of the Plan, be extended from time to time by the Board prior to the expiration date of such Option then in effect.

Option Term means the maximum term of an Option as set forth in Section 7.3.

Examples of Option Term in a sentence

• If a Note 2021 Holder elects to exercise the Option, such Note 2021 Holder shall provide written notice thereof to the Agent and the Lenders in accordance with this Agreement within 30 days after the Commencement Date (the “Note 2021 Holder Notice Period”); provided that any such written notice by a Note 2021 Holder electing to exercise the Option must be made prior to the expiration of the Option Term (the “Option Notice”).

• Group agrees that during the Option Term it shall not sell, pledge or otherwise encumber the Option Shares.

• If Tenant does not so object within such ten (10) business day period, the Option Rent applicable during such Option Term shall be the amount set forth in the Option Rent Notice and the Option Rent Notice shall be binding upon Tenant.

• If Tenant fails to give the Appraisal Notice on or before the Outside Agreement Date, the Option Rent applicable during such Option Term shall be the amount set forth in the Option Rent Notice.

• The Option may be exercised by ▇▇▇▇▇▇, if at all, by delivering written notice (the “Option Notice”) to Landlord not more than twelve (12) months, nor less than nine (9) months, prior to the expiration of the Term or the first Option Term, as applicable, stating that Tenant is exercising the Option.

More Definitions of Option Term

Option Term means a period, if any, through which this Agreement may be or has been extended by the Court.

Option Term means the period beginning on the Grant Date of an Option and ending on the date such Option expires, terminates or is cancelled.

Option Term means a period, if any, through which this Agreement may be or has been extended by the Judicial Council.

Option Term means the period of 20 years commencing on 1 January 1993 and expiring on 31 December 2012;

Option Term shall have the meaning ascribed to such term in Section 3 of this Agreement.

Option Term shall have the meaning ascribed to such term in Section 2 herein.

Option Term means the period of time during which an Option is exercisable as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth anniversary of its grant date.