Grant of Second Option. Provided that Tenant has exercised its First Option, Tenant shall have the option to extend the Term of this Lease for another five (5) year additional period (the "Second Option"); provided that Tenant is not in default under this Lease beyond any applicable notice and cure periods, at the time the Second Option is exercised, the First Option and the Second Option shall also be referred to herein separately as the "Option Term" and together as the "Option Terms".
Grant of Second Option. The Company hereby grants Continental an option (the "Second Option") to subscribe for issuance by the Company that number of fully-paid, non-assessable Ordinary Shares, such that following issuance of such shares Continental shall own sixty percent (60%) of the issued share capital of Company, on an as-converted basis, at the time of exercise (such Ordinary Shares the "Second Option Shares"). After the full exercise of the Second Option by Continental, CTVH shall own 40% of the issued share capital of the Company, while Continental shall own 60% of the issued share capital of the Company.
Grant of Second Option. (1) Subject to the satisfaction of the Second Option Conditions (or Seabridge waiving such conditions in writing), Seabridge hereby grants to Royal Gold an irrevocable option (the “Second Option”) to increase the Royalty Percentage by 0.75 percent (that is, to a total Royalty Percentage of two (2) percent), which option Royal Gold may exercise, in its sole discretion, as follows:
Grant of Second 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 Second Option Shares for the Initial Exercise Price in accordance with the terms of this deed (Second Option).
Grant of Second Option. 13 1.2 Option Payment...............................................................................13
Grant of Second Option. 14 3.2. Term of Second Option....................................................................... 14 3.3. Method of Exercise of Second Option......................................................... 15 3.4. Effect of Exercise of Second Option......................................................... 15 3.5. Amount of Second Option Purchase Price...................................................... 15 3.6. Agreement of the Parties as to Second Option Purchase Price................................. 16 3.7. Payment of Second Option Purchase Price..................................................... 16 3.8.
Grant of Second Option. 5.1 Subject to Alliance exercising the First Option, the Subsidiary hereby agrees to grant to Alliance the Second Option to acquire up to an additional 20% interest in the Class A shares by the purchase of 22 Class A Shares for a purchase price equal to 30% of Construction and Equipment Costs minus $1,350,000 (“Second Option Purchase Price”).
Grant of Second Option. 5.1 Subject to GF having exercised the First Option in accordance with Section 4.1, Argonaut hereby also grants to GF the exclusive right and option (the “Second Option”) to increase its interest by acquiring a further 40% Earned Interest in and to the Property bringing its total Earned Interest from 50% to 90% by paying to Argonaut an additional amount of (a) $5,000,000, in cash or, at the sole discretion of Argonaut common shares in the capital of GF, and (b) by delivering a NI 43-101 compliant pre-feasibility study on the Property in a form acceptable to Argonaut acting reasonably (the “Pre-Feasibility Study”) prepared by a Qualified Person independent of GF and Argonaut, during a period commencing on the delivery of the First Option Exercise Notice and ending December 31, 2026 (the “Second Option Period”), as follows:
Grant of Second Option. ADC does hereby grant to each Optionholder an option (the "Second Option") to sell the Shares to ADC.
Grant of Second Option. For and in consideration of LIG's payment of the Option Payment pursuant to Article 1.2 and LIG's execution of the Amended Loan Agreement, the Second R&D Agreement, and the Second Supply Agreement, Phoenix grants LIG an option to purchase substantially all of the Assets and Business of Phoenix, and to assume substantially all of the Liabilities of Phoenix, upon the terms and conditions set out in this Agreement (the "Second Option").
