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.

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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

• The Depositary may initiate termination of the Deposit Agreement if (i) at any time 90 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, (ii) an Insolvency Event or Delisting Event occurs with respect to the Company or (iii) a Termination Option Event has occurred or will occur.

• A Redemption of all or substantially all of the Deposited Securities shall be a Termination Option Event.

• The parties agree that the Lease Term is hereby extended through June 30, 2025 (the “Expiration Date), subject to DISD’s Termination Option as described in paragraph 2.04 of the Lease and unless sooner terminated or renewed and extended in accordance with the terms and conditions set forth herein or the Lease.

• Tenant is required to conform to all other terms of the Lease until the date of termination or the Early Termination Option will be retained by Landlord as liquidated damages, and Tenant will be responsible for the full amount of rent as allowed by the Lease.

• The Depositary may initiate termination of this Deposit Agreement if (i) at any time 90 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, (ii) an Insolvency Event or Delisting Event occurs with respect to the Company or (iii) a Termination Option Event has occurred or will occur.

More Definitions of Termination Option

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 ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ 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. 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 means the option of eitherparty 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 means an option by a party to terminate this Contract, to be exercised by written notice to the other party on the conditions set forth with respect to the specific Termination Option, pursuant to which this Contract shall terminate and neither party shall have any obligations of any nature to the other hereunder or by reason hereof, except that the provisions of 2.2, 9, 10, 13, 17 and 21 shall survive that termination and Escrowee shall return the Deposit to Buyer (less the sum of $100 which shall be delivered by Escrowee to Seller as consideration to Seller for entering into this Contract and the Termination Options provided herein) except for an exercise of the Termination Option provided in 21.2 by Seller, in which case the Deposit shall be paid over as provided in 21.2. Time shall be of the essence in the exercise or deemed exercise of any Termination Option granted in 2.1 or 2.4.

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);

Termination Option is defined in Section 33.20(a).