Termination Option definition

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.

Termination Option shall have the meaning assigned thereto in subsection 4.5(b).

Termination Option has the meaning ascribed thereto in Section 8.

Examples of Termination Option in a sentence

• If the Government exercises such option in accordance with Clause 10.7 (Exercise of Termination Option), then in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property should be valued at the "Project Company Default Purchase Price", which equals to: Outstanding Debt; plus Termination Costs; minus Outstanding Shareholder Commitments; minus Relevant Insurance Proceeds.

• The Depositary may initiate termination of the Deposit Agreement if (i) at any time 60 days shall have expired after the Depositary delivered to the Company a written resignation notice and a successor depositary has not been appointed and accepted its appointment as provided in Section 5.4 of that Agreement or (ii) a Termination Option Event has occurred.

• If the Shareholder exercises that option in accordance with Clause 10.7 (Exercise of Termination Option), then: in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property shall be valued at "Government Default Purchase Price – Expropriation", which equals to – the Government Default Purchase Price - Non-Expropriation; minus Other Expropriation Proceeds.

• The Depositary may initiate termination of this Deposit Agreement if (i) at any time 60 days shall have expired after the Depositary delivered to the Company a written resignation notice and a successor depositary has not been appointed and accepted its appointment as provided in Section 5.4 or (ii) a Termination Option Event has occurred.

• Termination Option; Either Provider or User shall have the option to terminate this Agreement by written notice to the other party no less than sixty (60) days prior to the desired termination date.

More Definitions of Termination Option

Termination Option. IDT may Close-Out any Credit-Enabled Transaction or Direct Transaction by paying to, or receiving from, BP an amount equal to the UMA Final Settlement Amount, calculated under the Master Netting Agreement for the Direct Transactions and Credit-Enabled Transactions being Closed-Out.

Termination Option. BCGI has a right to terminate a portion of their premises on the third anniversary of the Lease. Use: General office. Special Rights: None. Tenant: Diagnostic Laboratory Medicine Building: Building F14 Xxxxxx DriveBedford, Massachusetts Premises: 14,632 RSF on the first floor Lease Expiration: April 30, 2015 Renewal Option: None. Expansion Option: None. Permitted Uses: General office purposes and diagnostic medical laboratory for the testing of human blood, urine and other bodily fluids. Restriction(s): In no event shall the premises (or any portion thereof) be used for developing or manufacturing home or office diabetes monitoring devises. Special Rights: None. Tenant: Affymetrix, Inc. Building: Building G4 Xxxxxx DriveBedford, Massachusetts Premises: 80,000 RSF* on two (2) floors * RSF will be reduced marginally to create a common corridor to access the cafe and fitness area proposed in Building A. Lease Expiration: July 31, 2013 Renewal Option: One (1) three (3) year option. (This right will be void if Tenant subleases more than fifty percent (50%) of their premises which is currently being contemplated.) Expansion Option: None. Permitted Uses: General office, light manufacturing, warehouse and research and development purposes, together with all uses ancillary thereto. Special Rights: None.

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay Seller $ (Option Fee) within 3 days after the Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee will will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required. 24. CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL

Termination Option means the option of either party to terminate a Gas 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 Confirmation.

Termination Option is defined in Section 33.20(a).

Termination Option means the option granted to Tenant to terminate the Lease early as set forth in Article 25 of the Original Lease and as amended by Section 9.3

Termination Option has the meaning ascribed thereto in section 2.3(a);