Altius Option definition

Altius Option means the exclusive right and option to acquire a 100% interest in the Kami Property, free and clear of all encumbrances, in accordance with the terms of the Altius Option Agreement and the Assignment Agreement;
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Altius Option means the option granted to Altius pursuant to the Altius Option Agreement;
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Examples of Altius Option in a sentence

  • Upon incurring such expenditures, the Company was entitled to exercise the Altius Option, thereby completing the acquisition of 100% of rights to the Kami Property in December 2010.

  • Also on December 15, 2009 Alderon, Privco and Altius entered into an assignment agreement pursuant to which Alderon assumed the rights and obligations of Privco and Pubco under the Altius Option Agreement.On January 15, 2010, Altius, Privco and Alderon amended the terms of the Altius Option Agreement to provide that upon the completion of a private placement by Alderon in February 2010, all financing conditions set forth in the Altius Option Agreement would have been satisfied.

  • Upon exercise, Altius was required to transfer its 100% interest in the Property to Pubco and retained a 3% gross sales royalty, in addition to the equity stake in Pubco described above.The Altius Option Agreement also included a right of first refusal.

  • On December 6, 2010, the Company exercised the Altius Option and acquired a 100% interest in the Kami Property.

  • With certain exceptions, any proposed sale by Altius or its affiliates of interests or rights in any claims, permits or other property interests located in the same western Labrador iron ore mining district as the Property and described in the Altius Option Agreement must first be offered to Privco (or Pubco on the assignment) at the same price and terms.

  • Also on December 15, 2009, Alderon, Privco and Altius entered into an assignment agreement pursuant to which Alderon assumed the rights and obligations of Privco and Pubco under the Altius Option Agreement.On January 15th, 2010, Altius, Privco and Alderon amended the terms of the Altius Option Agreement to provide that upon the completion of a private placement by Alderon in February 2010, all financing conditions set forth in the Altius Option Agreement would have been satisfied.

  • See “Description and General Development of the Business — Year Ended December 31, 2010 Developments — Altius Option Exercise”.

  • Altius Option Agreement, as amended, pursuant to which the Company acquired the Kami Property from Altius in exchange for 32,285,006 Common Shares and the grant of a 3% gross sales royalty on iron ore concentrate from the Kami Property.

  • Altius Option Agreement, as amended, as described in this AIF under “Glossary” and “Description and General Development of the Business – Year Ended December 31, 2010 Developments”.

  • Following the acquisition of Privco and pursuant to an assignment agreement between Privco and the Company, the Company agreed to assume all of Privco's rights and obligations under the Altius Option Agreement.

Related to Altius Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Employee Option means an Option granted pursuant to Section 5.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

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

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.