Availment Option definition

Availment Option means a method of borrowing which is available to the Borrower as provided herein.
Availment Option means a method of borrowing which is available to the Borrower as provided herein;

Examples of Availment Option in a sentence

  • The Borrower may convert Outstanding Advances under the Acquisition Credit Facility in the form of any of the above Availment Options into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement.

  • If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.

Related to Availment Option

  • 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.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

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

  • Interest Option has the meaning given such term in Section 2.5(c).

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

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

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Parent Option means an option to purchase shares of Parent Common Stock.

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

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • 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.

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

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • 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.

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