First Option Period definition

First Option Period has the meaning given in Section 5(a).

First Option Period. Means the period of 5 days commencing with the First Anniversary of the Stock Purchase Agreement or if later the issue by GA of the First Option Shares

First Option Period is defined in Section 2.02(a).

Examples of First Option Period in a sentence

• If ALX satisfies these obligations during the First Option Period, it will have earned an option to acquire a 20% interest in Close Lake (the "First Option").

• Five (5) years beginning at the expiration date of the First Option Period.

• Emgold will be deemed to be the operator of the Troilus North Property during the First Option Period and retain full discretion as to the nature, extent, timing, and scope of all work and exploration expenditures to be undertaken on the Troilus North Property.

• For the First Option Period, the Second Option Period, and the Third Option Period, the Standing Offer Authority reserves the right to increase the Firm Batch Price proposed by the bidder up to a maximum of two percent (2%) per annum.

• In the event the First Option Period is exercised, this Ground Lease may be further extended for an additional term of fifteen (15) years upon the same terms and conditions as described herein at the option of the Lessee provided Lessee gives written notice to Lessor not less than one hundred twenty (120) days prior to the termination date of the First Option Period.

More Definitions of First Option Period

First Option Period. As defined in Section 6(a). -------------------

First Option Period means the period from the Effective Date to the First Option Earn-In Due Date, unless terminated earlier in accordance with the terms of this Agreement;

First Option Period as defined in Section 2.7.2. “First Sale Notice” as defined in Section 2.7.2. “HSR Act” as defined in Section 6.6. “Inbound Technology” as defined in Section 3.9.5. “Inbound Technology Agreements” as defined in Section 3.9.5. “Indemnitee” as defined in Section 9.4. “Indemnitor” as defined in Section 9.4. “Inventory” as defined in Section 2.1.7. “Minimum Claim Amount” as defined in Section 9.2. “Negotiation Period” as defined in Section 6.14. “Offset Amount” as defined in Section 2.7.1. “Offset Dispute” as defined in Section 2.7.1. “Organizational Documents” as defined in Section 3.1. “Outbound Technology Agreements” as defined in Section 3.9.6. “Payment Due Date” as defined in Section 2.7.1. “Post-Closing Consideration” as defined in Section 2.7.1. “Prepaid Expenses” as defined in Section 2.1.8. “Purchased Assets” as defined in Section 2.1. “Purchase Price Allocation Schedule” as defined in Section 2.6. “Permits” as defined in Section 2.1.5. “Restrictive Covenants” as defined in Section 6.10.2. “Retained Claims” as defined in Section 2.4.4. “Second Milestone Date” as defined in Section 2.7.2. “Second Option Period” as defined in Section 2.7.2. “Second Sale Notice” as defined in Section 2.7.2. “Seller” as defined in the preamble to this Agreement. “Seller Fundamental Representations” as defined in Section 9.1. “Seller Indemnified Parties” as defined in Section 9.3. “Seller Inventory Trademarks” as defined in Section 6.13. “Soothe® Terms” as defined in Section 6.14. “Third Party Negotiation Period” as defined in Section 6.14. “Third Party Sale” as defined in Section 6.14. “Trademarks” as defined in Section 3.10.2. “Transfer Taxes” as defined in Section 6.5.

First Option Period means the period from the date hereof to and including the date of exercise or termination of the First Option set out in Part 4 herein;

First Option Period shall have the meaning ascribed thereto in Subsection 4.5 (a).

First Option Period means the period of time commencing on the day after the Initiation of the first Phase II Study for a Licensed Product and ending on the day before the Initiation of the first Phase III Study for a Licensed Product.

First Option Period has the meaning provided in the Governance Agreement.