Examples of First Option Exercise Date in a sentence
The put may be exercised in whole or in part by BUYER on the First Option Exercise Date and/or on the Second Option Exercise Date but in no event, and notwithstanding anything in this Agreement to the contrary, shall the total amount of put-back Purchased Loans exceed $7,500,000.
First Option Exercise Date: (Actual date to be determined) Second Option Exercise Date: _ (Actual date to be determined) Third Option Exercise Date: (Actual date to be determined) Commencement Date: (§ 2) The date on which Tenant may take possession of the Premises for construction of its tenant improvements and installation of its equipment.
If Tenant has not delivered to Landlord written notice of Tenant's exercise of the option for the First Option Period by the First Option Exercise Date, the options for the First Option Period and the Second Option Period under this Section 1.4 shall lapse and be deemed of no further effect.
The Second Option is exercisable by Silver Dollar upon notice to First Majestic delivered within 30 days of the First Option Exercise Date and on or before the 60 month anniversary of the Effective Date (the "Second Option Exercise Notice").
On the First Option Exercise Date and upon and subject to the terms and conditions hereof, the Iconic Parties will immediately, and without any further action whatsoever be deemed to have granted to Nevada Lithium the sole, exclusive and irrevocable right and option to acquire an additional 15% Interest (for an aggregate 35% Interest) (the “Second Option”), free and clear of all Encumbrances (other than Permitted Encumbrances).
Notwithstanding any other provision hereof, after the First Option Exercise Date, Nevada Lithium shall not be entitled to the return of any monies deposited by Nevada Lithium in the Segregated Account on account of the earn-in of the First Option Interest.
After the Hoidas Lake First Option Exercise Date, each Party will be responsible for the obligations and liabilities described in Part 5.2(1)(i) of the Environmental Matters Schedule according to their respective Hoidas Lake Joint Venture Interest.
Upon the occurrence of the First Option Exercise Date, the Iconic Parties shall take all actions and do all things necessary, as soon as practicable, to transfer the First Option Interest to Nevada Lithium such that Nevada Lithium is the registered and beneficial holder of the First Option Interest.
It is the intention of the Parties that, subject to the Shareholding of APB prior to the First Option Exercise Date, which Shareholding shall be deemed to be 1%, the Shareholding of each Party shall at all times be equal to the Ownership Interest of such Party, in each case as determined in accordance with this Agreement.
Tenant may exercise the option for the First Option Period by delivering written notice of such exercise to Landlord at any time prior to that date which precedes the conclusion of the Primary Term of this Lease by one (1) year (the "First Option Exercise Date").