Removal Option definition

Removal Option is defined in Section 2.1(a) of this Removal and Clean-Up Call Agreement.
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Removal Option is defined in Section 2.4(a) of the Purchase and Sale Agreement.
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Removal Option means Seller's right to remove the Memphis Property from the purchase and sales transaction contemplated by this Agreement, as set forth in Section 2(c) below.
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Examples of Removal Option in a sentence

  • The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Purchaser may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.

  • The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Seller may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.

  • The Purchaser (or its assignee) may sell, transfer, assign or otherwise convey its Removal Option with respect to any such Receivable and the other related Purchaser Assets to any party at any time after the related Receivable becomes a Delinquent Receivable or the Obligor thereon is subject to a bankruptcy proceeding.

  • The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Purchaser (or its assignee) may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.

  • The Seller (or its assignee) may sell, transfer, assign or otherwise convey its Removal Option with respect to any such Receivable and the other related Purchaser Assets to any party at any time after the related Receivable becomes a Delinquent Receivable or the Obligor thereon is subject to a bankruptcy proceeding.

  • If the taking or threatened taking is a Material Taking (as defined below), then Purchaser may elect, by written notice to be delivered to Seller on or before the sooner of (i) the tenth (10th) day after Purchaser’s receipt of such notice, or (ii) the Closing Date, to exercise its Project Removal Option with respect to the applicable Project.

  • If Purchaser does not so exercise its Project Removal Option, then the Parties shall proceed in the same manner as if there had been no Material Taking.

  • Seller’s failure to comply with the terms of this Section 3.19(d) by Closing shall not be deemed a default by Seller hereunder so long as Seller uses good faith efforts to so comply, but if Seller fails to so comply with the terms of this Section 3.19(d) by Closing, Purchaser may exercise its Project Removal Option with respect to any Projects Under Construction for which Seller has not so completed the construction and otherwise satisfied the requirements of this Section 3.19(d).

  • The Seller may sell, transfer, assign or otherwise convey its [Purchase] [Removal] Option with respect to any such [Loan] [Receivable and the other related Purchaser Assets] to any party at any time after the related [Loan] [Receivable] becomes a Delinquent [Loan] [Receivable] or the Obligor thereon is subject to a bankruptcy proceeding.

  • Landlord may exercise this option by written notice (the "Removal Option Notice") to Tenant given at least thirty (30) days in advance of the removal, provided Landlord shall be responsible for all costs related to such removal, including but not limited to the cost of any improvements or alterations required to partition the Exit Vestibule from the Leased Premises.

Related to Removal Option

  • Removal Notice Date means, with respect to the Removed Accounts designated hereby, , (which shall be a date on or prior to the fifth Business Day prior to the Removal Date).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Removal Notice shall have the meaning specified in Section 2.07(b).

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

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Renewal Option has the meaning set forth in §12.1.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Option means a stock option granted pursuant to the Plan.

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

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.