Option Unit definition

Option Unit has the meaning given to it in the Invitation to Bid;

Option Unit means a Common Unit issued upon exercise of the Option.

Option Unit means the outcome of the following formula: Specified Denomination x Participation x⎡ MPV(End) ⎤ MAX⎢0 ; MPV(Start) − 1⎥⎣ ⎦If the Final Redemption Receipt Date falls on or after the Latest Permissible Receipt Date, then the Issuer may, notwithstanding Condition 19(b), postpone the payment of the Option Unit of the Final Redemption Amount to the date that is seven Business Days following the earlier of (i) the Final Redemption Receipt Date and (ii) the Long Stop Date (the “Final Payment Date”). For the avoidance of doubt, no additional amounts shall be payable in respect of the postponement of any payment from the Maturity Date to the Final Payment Date. If the Calculation Agent determines that the Final Redemption Receipt Date falls on or after the Long Stop Date, the Option Unit of the Final Redemption Amount of the Notes shall be redeemed at zero or such other amount as the Issuer determines in its sole and absolute discretion.Where:

Examples of Option Unit in a sentence

• Within five (5) Business Days after Complete Construction of each Option Unit or a number of Option Units for which Complete Construction occurred reasonably contemporaneously, Vertical Developer shall establish an escrow (“Escrow”) with the Title Company and shall notify the Agency in writing of the Escrow number and contact person at the same time it delivers the notice specified in Section 2.6(f).

• Such title insurance policy will be in the amount of the Option Purchase Price, and will insure that fee title to the Option Units and all easements appurtenant thereto are vested in the Agency, subject only to the Option Unit Exceptions.

• Promptly after Complete Construction of an Option Unit, or a number of Option Units for which Complete Construction occurred reasonably contemporaneously, Vertical Developer will deliver to the Agency a written notice of Complete Construction of the Option Units, together with a copy of a recorded final subdivision map for the Project, showing the date of recording and document number, which creates separate legal parcels for each of the Option Units.

• If the Agency does so object, then Vertical Developer at its cost will remove any exceptions created by or on behalf of Vertical Developer (and Developer will be required to remove any exceptions created by or on behalf of Developer) prior to the Close of Escrow on the Option Unit, and in its sole discretion may elect to remove any other exception to which the Agency objected.

• Contract Number Contract Item Number Total Items Purchased Manufacturer Make Model Model # VIN# Model Year Option Code PC12345 1 1 Xxxx Xxxx Fusion 11223344556677889 2013 A51 Option Description Quantity of Options Purchased Option Unit Price Total Option Price Tinted Windows 1 $ 40.00 $ 40.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Appendix C, Number 4, Contractor Information Contact Information for Ordering, Expedited Ordering Company Name: Xxx Xxxxxx Ford Inc.

More Definitions of Option Unit

Option Unit means the number of Shares that a Participant is entitled to purchase from time to time upon exercise of an Option, as specified in such Option and as such number of Shares may be adjusted from time to time.

Option Unit means any additional RLU or FLU (as the case may be) to be supplied by the SP pursuant to a request delivered under clause 16.7;

Option Unit means an Incentive Stock Option or a Non- Statutory Stock Option granted in respect of one-one hundredth (1/100) of a share of Non-Voting Common Stock.

Option Unit means four separate Options, each of which is in respect of an equal number of Shares but with a different Exercise Price;

Option Unit means an opportunity to purchase Class B Common Units granted pursuant to this Plan.

Option Unit shall be equal to that number of shares of Sybase Common Stock equal to the Merger Exchange Ratio, together with that amount of cash equal to the Cash Value Per Share.

Option Unit means a Unit which is designated as an Option Unit and which has the rights, preferences and other privileges designated in Exhibit G hereof. The Option Units are intended to give the holders thereof the benefits of appreciation in the value of the Class A Common Units from the time of issuance of the Option Units. The allocation of Option Units among the Members shall be set forth in the Member Registry.