Option Fee

Option Fee. Means the amounts to be paid by HM to Option Writer as consideration for the Option, on the dates set forth in Section 2.1, in each case equal to 1.25% of (i) US$75,000,000, less (ii) the Original Value of all Preferred Shares purchased pursuant to exercise of the Securities Issuance Option; provided, however, that if at the time the Option Fee is due, HM's S&P Rating is below A+, the percentage used to calculate the Option Fee shall be adjusted as follows: HM S&P Rating Percentage... Used to Calculate A 1.3% A- 1.45% BBB+ 1.75% BBB 2.25%. View More

Option Fee. Means the amounts paid by Trenwick to Option Writer as consideration for the Securities Issuance Option, as set forth in Section 2.1.

Option Fee. Means the sum of $100.

Option Fee. The sum of $100.00.

Option Fee. The total sum of a down payment of One Hundred Thousand Dollars ($100,000.00) plus all closings costs, payable as set forth below

Option Fee. Means Two Hundred Fifty Thousand Dollars ($250,000).