Partial Option definition

Partial Option shall have the meaning set forth in Section 3 hereof.

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Partial Option shall have the meaning set forth in Section 3 hereof. “Person” shall mean an individual, corporation, partnership, association, joint stock company, limited liability company, joint venture, trust, governmental entity, unincorporated organization or other legal entity. “Plan” shall have the meaning set forth in Section 4(c) hereof. “Prospectus” shall mean a prospectus, as defined in Section 2(10) of the Securities Act, that meets the requirements of Section 10 of the Securities Act and is current with respect to the securities covered thereby. “Proxy Statement” shall mean a definitive proxy statement filed with the Commission relating to the Rights Offering and the transactions contemplated hereunder, together with all amendments, supplements and exhibits thereto. “Registration Rights Agreement” shall have the meaning set forth in the recitals hereof. “Record Date” shall have the meaning set forth in the recitals hereof. “Representative” shall have the meaning set forth in Section 7(b) hereof. “Rights” shall have the meaning set forth in the recitals hereof. “Rights Offering” shall have the meaning set forth in the recitals hereof. “Rights Offering Expiration Date” shall mean the date on which the subscription period under the Rights Offering expires. “Rights Offering Prospectus” shall mean the final Prospectus included in the Rights Offering Registration Statement for use in connection with the issuance of the Rights. “Rights Offering Registration Statement” shall mean the Company’s Registration Statement on Form S-3 under the Securities Act or such other appropriate form under the Securities Act, pursuant to which the Rights and underlying shares of Common Stock will be registered pursuant to the Securities Act. “Securities” shall mean those of the New Shares, Unsubscribed Shares and Additional Subscription Shares that are purchased by the Standby Purchasers pursuant to Section 2 or 3 hereof, as the case may be. “Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder. “Standby Purchaser” shall have the meaning set forth in the preamble hereof. “Subscription Agent” shall have the meaning set forth in Section 7(a)(vii) hereof. “Subscription Price” shall have the meaning set forth in the recitals hereof. “Termination Date” shall have the meaning set forth in Section 3 hereof.

Examples of Partial Option in a sentence

• In the event that the Underwriters exercise their option to purchase fewer than 1,875,000 Option Units pursuant to Section 2(b) (a “Partial Exercise Amount,” and such Option Units being the “Partial Option Units”) before the third Business Day immediately preceding the Closing Date, the Firm Units and the Partial Option Units will be the only limited partner interests of the Partnership issued and outstanding on the Closing Date other than the Sponsor Units and the Incentive Distribution Rights.

• In the event that the Underwriters exercise their option to purchase fewer than [·] Option Units pursuant to Section 2(b) (a “Partial Exercise Amount,” and such Option Units being the “Partial Option Units”) before the third Business Day immediately preceding the Closing Date, the Firm Units and the Partial Option Units will be the only limited partner interests of the Partnership issued and outstanding on the Closing Date other than the Sponsor Units and the Incentive Distribution Rights.

• Notwithstanding anything in Section 13(a) of the Notes to the contrary, the terms of the Purchased Third Option Notes may be amended as set forth in Section 5 of this Agreement and as set forth in the Partial Option Exercise and Second Amendment to the 10% Secured Convertible Notes, dated February 10, 2023 (the “Second Amendment”), despite being part of the same series as all other Notes.

• Therefore with respect to the Existing Options affecting the Partial Option Properties (the “Partial Options”), the Approved Option Notice shall offer to sell only the Option Pads and the price offered to the Optionees for the Option Pads shall be as set forth on Schedule 8.9-2 (the “Option Pad Prices”).

• The applicable Seller shall (i) be responsible for causing any Option Pad to be released from any Assumed Loan encumbering a Partial Option Property at the Closing of the transfer of such Option Pad to the relevant Optionee and (ii) pay all costs in connection therewith, including all amounts payable to the holder of such Assumed Loan.

• To track the success of the One Florida Initiative, which has achieved substantial gains in extending opportunity to minority- and women-owned businesses, the State of Florida maintains data to establish benchmarks from which to measure supplier diversity in State contracting.

• Should any Optionee holding a Partial Options exercise its right to purchase the applicable Option Pad, (a) the applicable Seller shall notify the Buyer of the same, (b) this Agreement will terminate but only with respect to such Option Pad and the balance of such Partial Option Property shall be conveyed to Buyer in accordance with the terms of this Agreement at Closing, (c) the Allocated Purchase Price for such affected Partial Option Property shall be reduced by the applicable Option Pad Price.

• In the event that either of the Rattlesnake Hills or Lewiston Options are terminated pursuant to section 8.1 hereof, the Optionee shall be deemed to have exercised either the Rattlesnake Hills Partial Option or the Lewiston Partial Option (as the case may be), and the Optionor and the Optionee shall be deemed to have associated themselves into a joint venture with respect to such Property on the terms and conditions contained in the Joint Venture Agreement.