Partial Options definition

Partial Options shall have the meaning assigned thereto in Section 8.9(b).
View Source

Examples of Partial Options in a sentence

  • 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.

Related to Partial Options

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.