Grant of First Option. Tenant shall have the option to extend the Term of this Lease for an additional five (5) years (the "First Option"); provided that Tenant is not in default under this Lease beyond any applicable notice and cure periods.
Grant of First Option. (1) Subject to the satisfaction of the First Option Conditions (or Seabridge waiving such conditions in writing), Seabridge hereby grants to Royal Gold an irrevocable option (the “First Option”) to acquire the Royalty at a Royalty Percentage of 1.25 percent, free and clear of all Liens, which option Royal Gold may exercise, in its sole discretion, as follows:
Grant of First Option. ABC hereby grants Continental an option (the "First Option") to purchase from ABC that number of fully-paid, non-assessable Ordinary Shares that represent fifty percent (50%) of the issued share capital of the Company, on an as-converted basis, at the time of exercise (such Ordinary Shares the "First Option Shares"). As used in this Agreement, the phrase "on an as-converted basis" means assuming exercise or conversion of any preferred shares, outstanding options, warrants, or other convertible securities. After the full exercise of the First Option by Continental, CTVH shall own 50% of the issued share capital of the Company, while Continental shall own 50% of the issued share capital of the Company.
Grant of First Option. Subject to the terms and conditions of this --------------------- Agreement, with respect to each [*****], Diversa hereby grants to NEI a right of first option to an exclusive, worldwide, royalty-bearing license (the "License") under the Diversa Technology to use the applicable [*****] to make, have made, use, sell, offer for sale and import Products outside the applicable Field.
Grant of First Option. (i) In consideration for the payment of the Option Fee (receipt of which is acknowledged by execution of this deed) by the Optionholder to the Shareholder, the Shareholder grants to the Optionholder an irrevocable right to purchase the First Option Shares for the Initial Exercise Price in accordance with the terms of this deed (First Option).
Grant of First Option. 1.01 The Optionor, in consideration of the sum of $10, the receipt and sufficiency of which is hereby acknowledged, hereby grants to Revelstoke, on the terms and conditions hereinafter set out, the exclusive right and option (the "First Option") to acquire a 60% undivided interest in and to the Property by paying to the Optionor the sum of $600,000 cash, by issuing to the Optionor 4,000,000 shares in the capital of Revelstoke and by incurring, directly or indirectly, and paying for $6,000,000 in "Exploration Expenditures" (as hereinafter defined), to be respectively paid and issued to the Optionor and incurred and paid by Revelstoke as follows:
Grant of First Option. 4.1 Argonaut hereby grants to GF the exclusive right and option to acquire, on or before October 15, 2024 (the “First Option Period”), an initial 50% Earned Interest in the Property (the “First Option”) by: (a) paying to Argonaut $3,500,000 cash or, at the sole discretion of Argonaut, common shares in the capital of GF; (b) by incurring or funding Exploration Expenditures for a total amount of $7,000,000 on the Property; and (c) grant the Royalty pursuant to Section 7.1 all subject to the following schedule:
Grant of First Option. 4.1 The Subsidiary hereby grants to Alliance the First Option to acquire 8 Class A Shares equal to an undivided 10% of the total issued Class A Shares at the time of the issue of the Shares to Alliance for a purchase price of $1,350,000 which has been paid.
Grant of First Option. ABC hereby grants Continental an option (the "First Option") to purchase from ABC that number of fully-paid, non-assessable Ordinary Shares that represent fifty percent (50%) of the issued share capital of the Company, on an as-converted basis, at the time of exercise (such Ordinary
Grant of First Option. Each Optionholder does hereby grant to ADC an option (the "First Option") to acquire from the Optionholder all right, title and interest in and to the Shares, free and clear of any Liens except as set forth in Schedule 2.1.
