Option Party definition

Option Party means a Contracting Party which has entered into an Option Transaction with Exchange;
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Option Party is defined in Section 2.01(c).
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Option Party has the meaning specified in the fourth recital hereof.
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Examples of Option Party in a sentence

  • The Option Party may exercise it’s Right of First Refusal by submitting either a Collocation Application as set forth in Section 8.4.1.5, or by submitting the Collocation Space Reservation Application set forth in Section 8.4.1.7, within ten (10) calendar days of receipt of the Option Enforcement Notice.

  • At CLEC A’s request, Qwest will initiate the Option Enforcement Notice process by notifying the Option Party or Parities with the most recent space Option(s) that meets the requirements of CLEC A’s Collocation Application.

  • In this case, an Option Party may enforce its reservation by payment of the recurring Physical Collocation floor space charge otherwise applicable to the reserved space (in lieu of the non-recurring Reservation Charge) and occupying such space within the time limits specified in Section 12.12.11.

  • If an Option Party decides to enforce its reservation in this manner, the holder(s) of the reservation(s) with the next-higher priority will be given the option of enforcing or relinquishing its (their) reservation(s).

  • Party B has undertaken with Party A that at any time after Completion until the expiry of the Call Option, Party B will not dispose of or otherwise create or permit to arise any encumbrance on or in respect of any Sale Equity Interest or agree to do any of the foregoing.

  • Ahmad al-Assaad formed the Lebanese Option Party in 2007 (now known as the Lebanese Option Gathering) and claims a national political structure.

  • If an Option Party declines to enforce its reservation as indicated above, the reservation is relinquished and the reservation payment is forfeited.

  • For the avoidance of doubt, there shall be no limitation on the number of times the Call Option Party may exercise the Property Call Option within the Property Call Option Period so long as the Call Option SPA entered into pursuant to the exercise of the Property Call Option cannot be completed due to non-compliance of the conditions precedent stipulated therein.

  • The Senior Class MTNs Call Option is granted by the Trustee in favour of the Call Option Party and exercisable during the Senior Class MTNs Call Option Period but only after occurrence of a Trigger Event or an Event of Default or the Reinstatement Event.

  • The agreement with the different parties was reached during a meeting between President Santos and the Liberal Party, the Conservative Party, the Social Party of National Unity (the U Party) and the Radical Change Party (all members of the coalition of Government), as well as with leftist parties such as the Green Alliance, the Alternative Democratic Pole, Independent Movement of Absolute Renovation (MIRA), MAIS and the Citizen Option Party.


More Definitions of Option Party

Option Party has the meaning given to it in Section 8.03(a).
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Option Party means the Initial Sub-Lessee in its capacity as party to the Put-Option Agreement;
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Option Party has the meaning set forth in Section 4.5(b).
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Option Party s Default” means the occurrence of a material breach of representation or warranty made herein by a Contracting Party or a failure by the Contracting Party to perform its Obligations under an Option Transaction;
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Related to Option Party

  • Option means a stock option granted pursuant to the Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • 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.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Grant Recipient means a nonprofit or governmental organization that receives funds to operate a center pursuant to this act.

  • Option Agreement means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan.

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

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

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • SAR means a stock appreciation right granted under the Plan.

  • Optionholder means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option.

  • SAR Agreement means the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • 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.

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

  • Warrantholder has the meaning set forth in Section 2.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.