Option Acceptance Date definition

Option Acceptance Date means the date on which Optionee delivers the Option Acceptance Notice and makes the Project Second Option Payment pursuant to Section 4(b) hereof.
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Option Acceptance Date has the meaning set forth in the first paragraph of Article 4 hereof.
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Examples of Option Acceptance Date in a sentence

  • The Natural Hazard Disclosure Statement shall be deemed included in the items to be approved or disapproved by Optionee by the Option Acceptance Date.

  • From and after the Option Acceptance Date, promptly upon receipt of the Memorandum of Option and Termination of Option with respect to a Converted Property, Escrow Holder shall (x) at Optionee’s request, cause such Memorandum of Option to be recorded in the applicable county real property official records, and deliver conformed copies thereof to the parties hereto, and (y) cause Title Company to issue an Optionee Policy for such Converted Property.

  • If Optionee terminates, or is deemed to have terminated, this Agreement at any time prior to the Option Acceptance Date in accordance with the terms of Section 4(a)(ii) hereof, then the First Option Payment shall be refunded to Optionee without necessity of any instruction from Optionors.

  • As of the Option Acceptance Date, Optionee shall be deemed to have conducted all physical inspections, title review, document and file review and other due diligence it determined was necessary with respect to each Property, each Optionor and Optionor Parent and shall be deemed to have fully accepted the results of such investigations.

  • In the event that, at any time following the Option Acceptance Date and prior to Closing, all or any material portion of any Owned Property or Property Under Contract is taken by the exercise of the power of eminent domain (a “Condemnation Action”), then Optionor shall, promptly after learning of the Condemnation Action, give written notice of such Condemnation Action to Optionee.

  • If such written notice is delivered to Optionee after the Option Acceptance Date, Optionee shall have twenty (20) calendar days following Optionee’s receipt of such notice (the Closing tolling for such time period) to notify such Optionor in writing of its election to either acquire such Owned Property or Property Under Contract, as applicable, or to terminate this Agreement with respect to such Owned Property or Property Under Contract, as applicable, on account of the Condemnation Action.

  • In the event that, at any time following the Option Acceptance Date and prior to Closing, all or any material portion of any Owned Property or Property Under Contract is taken by the exercise of the power of eminent domain (a “Condemnation Action”), then the applicable Optionor shall, promptly after learning of the Condemnation Action, give written notice of such Condemnation Action to Optionee.

  • If such written notice is delivered to Optionee after the Option Acceptance Date, Optionee shall have twenty (20) calendar days following Optionee’s receipt of such notice (the Closing tolling for such time period) to notify Optionor in writing of its election to either acquire such Owned Property or Property Under Contract, as applicable, or to terminate this Agreement with respect to such Owned Property or Property Under Contract, as applicable, on account of the Condemnation Action.

  • Prior to the execution and delivery of the Asset Purchase Agreement BMS shall give to Galen, upon reasonable prior notice and no more than once per year plxx xxce following the Option Acceptance Date, reasonable access to the books, records and personnel related to the Products and the Business for the purpose of enabling Galen to decide whether to exercise the Option and to confirm the repxxxxxtations and warranties in the Asset Purchase Agreement.

  • BMS and Galen shall, and shall cause their respective Affiliates to, operate xxx Xusiness following the Option Acceptance Date only in the ordinary course of business consistent with past practices and shall, and shall cause its Affiliates to, use its or their reasonable efforts to preserve intact the Business.

Related to Option Acceptance Date

  • Acceptance Date has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Final Acceptance Date means, in respect of any Offer, the final date for acceptance of such Offer which, if such Offer is extended prior to becoming unconditional, shall be the final date for acceptance of the extended Offer (but, if such Offer is or becomes unconditional, disregarding any additional or further period during which such Offer is open for acceptance);

  • Acceptance Day shall have the meaning specified in paragraph 2B(5).

  • 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.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Date of Acceptance means the date, which appears on the Notice of Acceptance and if no date appears is the date on which the Principal sent the Notice of Acceptance accepting the Contractor’s Tender.

  • Scheduled Expiration Date is defined in Schedule 1 to the Lease.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Election Date has the meaning specified in Section 3.12(h).

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

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

  • Interest Option means LIBOR or the Reference Rate.

  • Offer Acceptance Time is defined in Section 1.1(h) of the Agreement.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response Date, the Discount Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B)(1), Section 2.05(a)(v)(C)(1) or Section 2.05(a)(v)(D)(1), respectively, unless a shorter period is agreed to between the Borrower and the Auction Agent.