Buyback Right definition

Buyback Right has the meaning set forth in Section 4.1(a).
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Buyback Right has the meaning specified in Section 1.7(a)(ii).
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Buyback Right means the right of the Corporation to repurchase 1% of the NSR Royalty from the NSR Holders for a purchase price of $1,000,000 prior to the commencement of commercial production.
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Examples of Buyback Right in a sentence

  • If MacDonald does not elect to exercise its conversion right, the Company can elect to buy back MacDonalds 25% interest for $3 million (the Buy-back Right), payable in cash or shares at the option of the Company.

  • Raptor species expected to use the area for foraging and breeding include American kestrel, golden eagle, red-tailed hawk, great horned owl, and short-eared owl.

  • Although the Debtors will use commercially reasonable efforts to give notice to a Buyback Participant of any defect or irregularity identified in connection with such Buyback Participant’s purported exercise of a Buyback Right before the Election Expiration Deadline, none of the Debtors nor any of their respective officers, directors, employees, agents, or advisors, including Prime Clerk, will have any obligation to provide, or will incur any liability for failing to provide, any such notice.

  • The closing of such Buyback Event shall occur no later than the later of (x) 60 days following the receipt of any regulatory approvals required in connection with such Buyback Right and (y) 60 days following the delivery of a Buyback Notice.

  • The Debtors, with the consent of the Second Priority Noteholders Committee, the Unsecured Creditors Committee, and CEC and in consultation with the Buyback Certification Parties, will address in good faith any disputes concerning the timeliness, viability, form, or eligibility of any exercise of any Buyback Right, and resulting determinations with respect thereto, if any, will be final and binding.

  • For purposes of clarity, the Buyback Right may be exercised by Novartis any number of times, depending upon the number of Compounds that become eligible pursuant to the above criteria, but only once per eligible Compound.

  • Again the SIA gives the wrong answer because it does not take into account selections on enclosing sets, here the Pick selection on mutually exclusive theories.)It is possible to have inclusive selection of a theory, where one assumes multiple theories are realized.

  • Except as otherwise set forth in these Buyback Election Procedures, Buyback Participants that fail to properly exercise the Buyback Rights and timely submit their respective Buyback Election Forms, or tender their Notes, as applicable, will be deemed to have irrevocably relinquished and waived all rights to exercise any Buyback Right.

  • Novartis may exercise a Buyback Right at any time before such Buyback Right expires, by providing written notice to Evotec.

  • If any Buyback Election Form contains any defect or irregularity, the Debtors, with the consent of the Second Priority Noteholders Committee, the Unsecured Creditors Committee, and CEC and in consultation with the Buyback Certification Parties (and within such time as the Debtors determine is reasonably appropriate), may (i) waive or permit such defect or irregularity to be cured or (ii) reject the purported exercise of the applicable Buyback Right.


More Definitions of Buyback Right

Buyback Right means the right of the DCU Shareholders set out in Schedule "D" hereto;
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Buyback Right has the meaning set forth in Section 11.17.
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Buyback Right is defined in Section 8.6.
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Buyback Right means the statements set out in Part B of Schedule 1; means the limitations on the transfer of the Property imposed by ASI By-laws and the provisions of Applicable Laws;
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Related to Buyback Right

  • 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.

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

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • SAR means a stock appreciation right granted under the Plan.

  • Optioned Stock means the Common Stock subject to an Option.

  • Stock Right means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right.

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

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

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Option means a stock option granted pursuant to the Plan.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

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

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.

  • the award , except in sub-paragraph (2), means—

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

  • Approved Stock Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which shares of Common Stock and standard options to purchase Common Stock may be issued to any employee, officer or director for services provided to the Company in their capacity as such.

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

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.