First Option Date definition

First Option Date has the meaning given in clause 2.2 (“First Option Date”).
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First Option Date is the earliest of: (i) the first 1 July occurring not less than 6 months after the Commercial Operations Date; (ii) the first 1 July occurring not less than 6 months after the “COD Sunset Date” (as defined in the PDA); and (iii) any Requested Date that is agreed between the parties pursuant to paragraph (b).
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First Option Date means, for purposes of Article 3, below, the date of delivery of the Sale Notice, for purposes of Articles 4 and 5, below, the Valuation Date, and for purposes of Article 6, below, the first to occur of the following: (i) The date the assets other than the Restricted Securities are adjudged insufficient; or (ii) the date the Court awards an interest in the Restricted Securities to the spouse of the divorcing Stockholder.
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Examples of First Option Date in a sentence

  • The First Option Date shall mean the 10th day after the notice pursuant to this Section P(a)(i) is deemed to be given.

  • So long as no Material Event of Default exists and is continuing, Tenant may peaceably and quietly hold and enjoy the Premises for the Term (following the First Option Date and Landlord’s delivery to Tenant of possession of the first Phase) without hindrance or interruption by Landlord or anyone lawfully claiming through Landlord.

  • Two Hundred Fifty Thousand Dollars ($250,000) of Additional Consideration to Landlord by the first anniversary of the First Option Date and Landlord’s delivery of the first Phase.

  • Throughout the Term following the First Option Date and Landlord’s delivery of the first Phase, Tenant shall use and occupy the Premises and the Improvements for the Permitted Use, and for no other purposes whatsoever.

  • For the purpose of determining the actual First Option Date, as soon as practical but no later than eighteen (18) months after the Rent Commencement Date, Landlord shall provide written notice to Tenant of the final date upon which all recapture periods for all tax credit purposes shall end, and such date shall be the actual First Option Date for all purposes under the Lease.

  • The Punch List shall be provided to Lessee a minimum of One Hundred Twenty (120) calendar days before the First Option Date, and Lessee shall have the One Hundred Twenty (120) day period of time prior to the First Option Date in which to complete the repair and maintenance to the satisfaction of the BOCC.

  • On the fourth anniversary of the First Option Date and Landlord’s delivery of the first Phase, $1,000,000.

  • Owner may elect not to exercise the Option on the First Option Date and still be entitled to exercise the remaining Options.

  • On the First Option Date, the Commitment of each such Lender shall be cancelled and the Facility shall be permanently reduced accordingly.

  • The Borrower shall pay to the Agent for the pro rata account of each Lender which does not exercise its put option under this Clause 4.7 a put option waiver fee equal to one quarter of one per cent (0.25%) flat of the Participation of each such Lender on the First Option Date.


More Definitions of First Option Date

First Option Date means the date falling three (3) years from the date of this Agreement, subject to adjustment in accordance with Clause 10.5;
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First Option Date has the meaning given it in Section 1.7.2.1.
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First Option Date. The first Distribution Date on which the Class Y Certificateholder has the option to purchase the Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4 and Class II-A-5 Certificates as set forth in Section 9.04.
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Related to First Option Date

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

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

  • 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 Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Option Period means the period during which an Option may be exercised.