Examples of Option Termination Agreement in a sentence
On 21 March 2016, GBG USA also entered into the Option Termination Agreement (the “Option Termination Agreement”) with Heritage to terminate the Put/Call Option Agreement with immediate effect.
In addition, prior to the Effective Time, the Company shall obtain an Option Termination Agreement from each holder of an Option which shall designate and appoint the duly elected Stockholder Representatives (or their successors) as each such holder’s duly appointed Stockholder Representative for all purposes under this Agreement.
Upon election of the Stockholder Representatives and upon receipt of the Option Termination Agreement, the Stockholder Representatives will be authorized to execute on behalf of each Constituent any and all documents and agreements referred to herein upon the Closing.
On the Closing Date and upon the terms and conditions set forth herein, TCW shall cause Portfolio to execute and deliver to Inland the TCW Option Termination Agreement.
In addition, at or prior to the Closing, each Option Holder shall execute and deliver to Buyer an Option Termination Agreement, whereby any outstanding Derivative Security held by it and any right it has in connection with SNL or in SNL’s equity securities will automatically terminate at the Closing in consideration of a number of CHC Common Stock indicated next to such Option Holder in the Spreadsheet.