Waiver Option Sample Clauses

A Waiver Option clause allows one party to voluntarily relinquish a right or claim under the contract, either in whole or in part. In practice, this means that if a party chooses not to enforce a specific contractual provision or deadline, they can formally waive that right, often by providing written notice to the other party. This clause is essential for providing flexibility in contract enforcement and helps prevent minor breaches or oversights from escalating into larger disputes, thereby promoting smoother business relationships.
Waiver Option. Parties mutually agree that if the number of promotional candidates achieving a passing score on the written component of any promotional examination equals the number of existing openings in the classified position at the time of the written exam, the Assessment Center may be waived if mutually agreed upon by all promotional candidates, Police Administration, and the City's Human Resources Department.
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Waiver Option. (i) Prior to the Closing, the Company may waive the undersigned’s obligation to fund the Subscription Amount, in part or in full, as determined by the Company in its sole and absolute discretion (the “Waiver Option”). If the Waiver Option is exercised, the Subscription Amount set forth on each signature page hereto shall be reduced by the amount subject to the Waiver Option, applied on a pro rata basis based on each of the undersigned’s Subscription Amounts relative to the aggregate amount subscribed for by all investors in the Offering, and the Company’s obligation to issue Series B Shares shall be reduced accordingly.
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Waiver Option. By default, investors may choose to waive the right to any fractional shares, thereby forgoing the conversion of the Principal Amount into fractional shares.
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Waiver Option. If you wish to start studies immediately then you need to sign the waiver. Once you have signed your waiver you are fully committed to the course and we will put in place all the necessary resources that you need to achieve your goals and make a success of your course. This will include a high degree of administration set up procurement of course materials induction and online platform set up. Anyone paying by credit card that instructs the credit card company to return the payment to them having signed the waiver will still be committed to paying the balance to DLC Training. We will contact you to settle the balance with us using a different payment method. The balance will remain due to DLC Training in full. Anyone paying via a Pay4later loan agreement that cancels their loan having signed the DLC Training waiver will still be committed to paying the balance to DLC Training. We will contact you to settle the balance with us using a different payment method. The balance will remain due to DLC Training in full. Your 10 day cooling off period starts when you give verbal or written commitment to DLC Training that you wish to enrol/study/place an order or proceed with one of our products. All calls are recorded allowing clarity for both parties when this commitment is made. For the avoidance of doubt your cooling off period is 10 calendar days. Once you have given commitment to a course using any form of clear wording then a cancelation fee becomes due within the cooling off period. This is necessary to cover the major costs that we have in setting up your studies administratively and in putting all the necessary resources in place. You can find a table of cancelation fees on the next page. If during the 10 day cooling off period you wish to cancel your course then you must do so in writing within the ten day period. Cancelations will be accepted by email or in writing as long as they are received before the end of the cooling off period. SMS, Whats-app, livechat, Twitter, Facebook messages are not accepted by DLC Training. After which DLC Training will consider your enrolment to be active and will commit to the necessary costs to provide you with your course of study. After the 10 day cooling off period the refund policy applies in full. You should write to or email the person who took the original order from you. Anyone outside of the 10 day cooling off period paying by credit card that instructs the credit card company to return the payment will still be c...
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Waiver Option. If Buyer waives, as the ultimate user of the Home, the omission of the placement of permanent corner markers on the lot upon which the Home is located (as set forth in subsection 4.1 above) he will be required to sign a "Waiver and Direction Not to Set Corner Markers" form ("Waiver and Direction Form") as illustrated below. Additionally, the land surveyor shall complete the following with respect to ▇▇▇▇▇'s execution of the Form: 4.2.1 Advise the Buyer in writing as set forth in the sample Form below of the impact of signing the corner marker waiver. Such advice shall include but not be limited to: 4.2.1.1 The possible need for a future survey as a result of physical improvements to the property; and 4.2.1.2 The potential inability of the Buyer to identify the boundary of the property. 4.2.2 Review the waiver to ensure that it is properly signed by the ultimate user and witnessed by a person other than a land surveyor; and 4.2.3 Perform a physical measurement of the property.
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Related to Waiver Option

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Conditional Exercise Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction.

  • Top-Up Option (a) The Company hereby grants to Sub an irrevocable option (the “Top-Up Option”), exercisable only on the terms and conditions set forth in this Section 1.10, to purchase at a price per share equal to the greater of (i) the last reported sale price of a Share on The Nasdaq Stock Market on the last trading day prior to the date on which the Top-Up Option is exercised or (ii) the Closing Amount, newly issued Shares (the “Top-Up Shares”) so that, when added to the number of Shares owned by Sub prior to the exercise of the Top-Up Option, Sub will own at least ninety percent (90%) of the Shares outstanding immediately after the issuance of the Top-Up Shares (not including in the Shares owned by Sub any Shares tendered pursuant to unfulfilled guaranteed delivery procedures); provided, however, that (i) the Top-Up Option shall not be exercisable for a number of Shares in excess of the Shares authorized and unissued at the time of exercise of the Top-Up Option and (ii) the Top-Up Option may not be exercised unless, following the Acceptance Time or after a subsequent offering period, seventy percent (70%) or more of the Shares shall be owned by Sub. The Top-Up Option shall be exercisable once at any time following the Acceptance Time and prior to the earlier to occur of (A) the Effective Time and (B) the termination of this Agreement in accordance with its terms. Sub may assign the Top-Up Option and its rights and obligations pursuant to this Section 1.10, in its sole discretion, to Parent. (b) The parties shall cooperate to ensure that the issuance and delivery of the Top-Up Shares complies with all applicable Laws, including compliance with an applicable exemption from registration under the Securities Act. If Sub wishes to exercise the Top-Up Option, Sub shall give the Company written notice, specifying (i) the number of Shares owned by Sub, (ii) a place and a time for the closing of such purchase and (iii) the manner in which Sub intends to pay the applicable purchase price. The Company shall, as soon as practicable following receipt of such notice, deliver written notice to Sub specifying, based on the information provided by Sub in its notice, the number of Top-Up Shares. Prior to the closing of the purchase of the Top-Up Shares, upon Sub’s request, the Company shall use its reasonable best efforts to cause its transfer agent to certify in writing to Sub the number of Shares issued and outstanding (A) as of immediately prior to the exercise of the Top-Up Option and (B) after giving effect to the issuance of the Top-Up Shares. (c) The aggregate purchase price payable for the Top-Up Shares may be paid, at Sub’s option, (i) in cash, (ii) by executing and delivering to the Company a promissory note having a principal amount equal to the balance of the remaining aggregate purchase price, or (iii) a combination thereof, provided that Sub shall use cash for at least the aggregate par value of the Top-Up Shares. The Company Board has approved such consideration for the Top-Up Shares. Any such promissory note shall include the following terms: (1) the maturity date shall be one (1) year after issuance, (2) the unpaid principal amount of the promissory note shall accrue simple interest at a per annum rate of 3.00% and (3) the promissory note may be prepaid in whole or in part at any time, without penalty or prior notice. (d) Parent and Sub acknowledge that the Shares that Sub may acquire upon exercise of the Top-Up Option shall not be registered under the Securities Act and shall be issued in reliance upon an exemption for transactions not involving a public offering. Sub agrees that the Top-Up Option, and the Top-Up Shares to be acquired upon exercise of the Top-Up Option, if any, are being and shall be acquired by Sub for the purpose of investment and not with a view to, or for resale in connection with, any distribution thereof (within the meaning of the Securities Act). (e) The obligation of the Company to deliver Top-Up Shares upon the exercise of the Top-Up Option is subject to the conditions that (i) no provision of any applicable Law and no judgment, injunction, order or decree shall prohibit the exercise of the Top-Up Option or the delivery of the Top-Up Shares in respect of such exercise, (ii) due to the exercise of the Top-Up Option, the number of Shares owned by Parent, Sub and their Affiliates will constitute more than ninety percent (90%) of the number of Shares that will be outstanding on a fully-diluted basis immediately after the issuance of the Top-Up Shares, and (iii) Sub has accepted for payment all Shares validly tendered in the Offer and not withdrawn.

  • Extension Option Subtenant shall have the right (the “Extension Right”) to extend the Term of this Sublease for a single additional period of three (3) months (the “Sublease Extension Term”) on the same terms and conditions as this Sublease (other than Base Rent) by giving Sublandlord written notice of its election to exercise the Extension Right at least eight (8) months prior to the Expiration Date of the initial Term, which notice, once given, shall be irrevocable. If Subtenant timely elects to exercise such right to the Sublease Extension Term, the Sublease Extension Term shall commence on the day immediately following the initial Expiration Date. During the Sublease Extension Term, Base Rent for each portion of the Subleased Premises shall be payable at a rate equal to 103% of the rate in effect with respect to such portion of the Subleased Premised on the initial Expiration Date. The Extension Right is personal to Subtenant and shall not be assignable without Sublandlord’s and Prime Lessor’s consent in their respective sole discretion, except that it may (subject to obtaining the consent of Prime Lessor to the extent required under Section 22 of the Prime Lease) be assigned in connection with a Corporate Permitted Assignment of this Sublease. Notwithstanding the foregoing, Subtenant may not exercise the Extension Right (i) during any period of time that Subtenant is in default under any provision of this Sublease, (ii) if Subtenant has been in default under any provision of this Sublease two (2) or more times, whether or not the defaults are cured, during the last year of the initial Term of this Sublease, or (iii) if Subtenant is not in occupancy of at least eighty percent (80%) of the entire Subleased Premises both at the time of the exercise of the Extension Right and at the time of the commencement date of the Sublease Extension Term. The Extension Right shall terminate and be of no further force or effect even after Subtenant’s due and timely exercise of the Extension Right, if after such exercise, but prior to the commencement date of the Sublease Extension Term, (i) Subtenant fails to timely cure any default by Subtenant under this Sublease, or (ii) Subtenant has defaulted two (2) or more times during the period from the date of the exercise of the Extension Right to the date of the commencement of the Sublease Extension Term, whether or not such defaults are cured.

  • Treatment of Expired Options and Unexercised Convertible Securities If, in any case, the total number of shares of Common Stock issuable upon exercise of any Option or upon conversion or exchange of any Convertible Securities is not, in fact, issued and the rights to exercise such Option or to convert or exchange such Convertible Securities shall have expired or terminated, the Exercise Price then in effect will be readjusted to the Exercise Price which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination (other than in respect of the actual number of shares of Common Stock issued upon exercise or conversion thereof), never been issued.