Area of Interest Option definition

Area of Interest Option has that meaning ascribed to it in Section 12.1;
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Examples of Area of Interest Option in a sentence

  • In the event that Minto exercises the Area of Interest Option with respect to a mineral claim, a joint venture will be formed between Minto and Northern Tiger, with Minto acting as the operator.

  • The exercise price for the Area of Interest Option is two times the exploration expenditures incurred by Northern Tiger on such a mineral claim if a Preliminary Assessment is prepared and three times the exploration expenditures incurred by Northern Tiger on such a mineral claim if a Pre-feasibility Study is prepared.

  • The Area of Interest Option is applicable to mineral claims located within the Area of Interest if the identified mineralization is suitable for processing at the Minto processing facility in the Yukon Territory.

  • The exercise price for the Area of Interest Option is two times the exploration expenditures incurred by Northern Tiger on such mineral claim if a Preliminary Assessment is prepared and three times the exploration expenditures incurred by Northern Tiger on such mineral claim if a Pre-feasibility Study is prepared.

  • The Area of Interest Option is applicable to mineral claims located within the Area of Interest if the identified mineralization is suitable for processing at the Minto Mine.

Related to Area of Interest Option

  • Area of Interest means the area described in Part 2 of Exhibit A.

  • Interest Option means LIBOR or the Reference Rate.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Modular building retailer means any person who purchases or acquires a modular building from a

  • Area A means the area marked “Area A” outlined in red on the Plan (excluding that part shaded grey on the Plan);

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

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

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

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Area of Mutual Interest or “AMI” shall mean an agreement between or among parties to a farm-out agreement or a joint operating agreement or other agreement by which the parties attempt to describe a geographical area within which they agree to share certain additional leases or other interests acquired by any of them in the future.

  • Field of Interest means the research, development, manufacture and/or sale of the products resulting from the Company’s technology. The limitations on competition contained in this Section 8 shall continue during the time that Xxxxxxxx performs any Services for the Company, and for a period of three (3) months following the termination of any such Services that Xxxxxxxx performs for the Company. If any part of this section should be determined by a court of competent jurisdiction to be unreasonable in duration, geographic area, or scope, then this Section 8 is intended to and shall extend only for such period of time, in such area and with respect to such activity as is determined to be reasonable. Except as expressly provided herein, nothing in this Agreement shall preclude Xxxxxxxx from consulting for or being employed by any other person or entity.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • stratigraphic test well means a drilling effort, geologically directed, to obtain information pertaining to a specific geologic condition. Ordinarily, such wells are drilled without the intention of being completed for hydrocarbon production. They include wells for the purpose of core tests and all types of expendable holes related to hydrocarbon exploration. Stratigraphic test wells are classified as (i) "exploratory type" if not drilled into a proved property; or (ii) "development type", if drilled into a proved property. Development type stratigraphic wells are also referred to as "evaluation wells".

  • Interest Notice Period shall have the meaning set forth in Section 2(a).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • Modular building means, but shall not be limited to, single and multifamily houses, apartment