Option Event Sample Clauses

Option Event. If at any time during the Term, either (either of which is referred to herein as an “Option Event”): (i) Grantor terminates the Property from the relevant Supply Agreement for any reason (including as part of the entire termination of one or both of the Supply Agreements); or (ii) Grantee terminates the Property from the relevant Supply Agreement in accordance with the terms of such agreement (including as part of the entire termination of one or both of the Supply Agreements); then Grantee, or its nominee, shall have the right, but not the obligation, to purchase the Property from Grantor or any Successor Owner, under the terms and conditions of this Section 1. Valero/Corner Store
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Option Event. Defined in Section 14.1.
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Option Event. DTC shall have the option (the “Option”) to purchase the Property for the purchase price provided in Section 2 during the time period provided in Section 3 and otherwise on the terms of this Agreement, if, on or before November 30, 2009, CFC has not commenced the construction of an office building on the CFC Tract that will contain at least 120,000 square feet of gross floor area, as evidenced by (i) the issuance by CFC to its general contractor of a notice to proceed authorizing such general contractor to commence construction of such office building, (ii) the delivery by CFC to DTC of a copy of the notice to proceed referred to in clause (i), and (iii) the general contractor’s good faith commencement of the work of grading and excavation for the construction of such office building (the “Option Event”).
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Option Event. An "OPTION EVENT" under this Agreement shall be deemed to have occurred if:
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Option Event. Any of the following events will constitute an "Option Event":
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Option Event. Option Event" shall mean, with respect to any Common Shareholder (other than the Partnership, HCHI or any Affiliate or Subsidiary of the Partnership or HCHI), any of the following events:
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Option Event. DTC shall have the option (the “First Option”) to purchase the Property for the purchase price provided in Section 2 during the time period provided in Section 3(a) and otherwise on the terms of this Agreement, if the Construction Condition (defined below) does not occur on or before November 30, 2010. If (i) DTC does not timely exercise the First Option, or (ii) DTC timely exercises the First Option, but CFC timely nullifies DTC’s exercise of the First Option by paying the Extension Payment pursuant to Section 3(b), then, in either such event, DTC shall have the option (the “Second Option” to purchase the Property for the purchase price provided in Section 2 during the time period provided in Section 4(a) and otherwise on the terms of this Agreement, if the Construction Condition does not occur on or before November 30, 2014. For purposes of this Agreement, the term “
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Option Event. 4. The Transferee may exercise the Option in the event that the Transferor does not Commence Construction of the Project within 365 days following the issuance of the Building Permit (the “Option Period”).
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Related to Option Event

  • Termination Option Event The term “

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Termination Event The occurrence of any of the following events: (i) the Borrower or any ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the Code, the Borrower or any ERISA Affiliate is required to pay as contributions thereto, (ii) an accumulated funding deficiency in excess of $250,000 occurs or exists, whether or not waived, with respect to any Pension Plan, (iii) a Termination Event or (iv) the Borrower or any ERISA Affiliate as employers under one or more Multiemployer Plan makes a complete or partial withdrawal from any such Multiemployer Plan and the plan sponsor of such Multiemployer Plans notifies such withdrawing employer that such employer has incurred a withdrawal liability requiring payments in an amount exceeding $5,000,000.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

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