First Option Purchase Price definition

First Option Purchase Price means the lesser of: (i) CDN$100,000,000.00, and (ii) an amount in Canadian dollars equivalent to USD$125,000,000.00 converted at the prevailing US$/CD$ spot market rate applicable on the day immediately prior to the date on which Royal Gold makes the first payment of the First Option Purchase Price in accordance with Section 4.01(1)(d)(i) by reference to middle-market rates quoted on the Reuters page FX= (or if such page ceases to be quoted, such replacement or substituted page as reflects substantially the same exchange rates);

First Option Purchase Price means the first option purchase price calculated in accordance with Schedule 2 which cannot exceed €6,000,000;

First Option Purchase Price means the sum of US$13,959,000.

Examples of First Option Purchase Price in a sentence

• All mortgages must include a copy of this Lease Agreement and the amount of any mortgage or the sum total of multiple mortgages shall not exceed the First Option Purchase Price as determined in this Section 5.

• The formula for determining the First Option Purchase Price is the cost to construct the buildings and other improvements, given material costs and labor costs in the current local economy, adjusted for deterioration, obsolescence and damage.

• The maximum liability pursuant to this Agreement of each Grantor shall be the First Option Purchase Price or the Second Option Purchase Price actually received by that Grantor.

• Upon the transfer by an Employee Grantor of its First Option Shares and/or Second Option Shares to Xxxxxx Xxxxxxx as provided herein, the Employee Grantor shall have no further right of any nature to the First Option Purchase Price or the Second Option Purchase Price and the Optionee shall have no liability or obligation of any nature to such Employee Grantor.

• The amount of any First Option Purchase Price or Second Option Purchase Price payable to any Grantor under this Agreement will be reduced (or deferred) by the Optionee by the amount of any offset as provided under (i) Section 8.3 of the Share Purchase Agreement and/or (ii) the Tax Deed.

More Definitions of First Option Purchase Price

First Option Purchase Price has the meaning set forth in Section 2.5(b).

First Option Purchase Price which shall be determined as provided in the definition of such term as set forth below. For purposes of this Agreement, “Fair Market Value” means, with respect to a particular time of calculation, the amount a willing buyer would pay for the Facility and Related Interests and Rights, subject to compliance with the terms and provisions of this Agreement through the twentieth (20th) anniversary of the Prepayment Date, in an arm’s-length transaction, to a willing seller under no compulsion to sell, as shall be specified by agreement between Buyer and Seller or, if not agreed to by Buyer and Seller within a period of 15 days after either Party by written notice to the other Party requests a determination of the Fair Market Value, then as specified in an appraisal prepared and mutually agreed to by two independent recognized appraisers, one of which shall be appointed by Buyer and the other of which shall be appointed by Seller, or, if such appraisers cannot agree on such an appraisal, an appraisal arrived at by a third independent recognized appraiser chosen by the mutual agreement of the two appraisers. If either Party should fail to appoint an appraiser within fifteen (15) days of receiving notice of the appointment of an appraiser by the other Party, then such appraisal shall be made by the appraiser appointed by the first Party. If the two appraisers cannot agree on such appraisal and fail to appoint a third independent recognized appraiser within fifteen (15) days after the appointment of the second appraiser, then either Party may apply to the American Arbitration Association to make such appointment. The appraisal shall be completed within thirty (30) days of the appointment of the last appraiser appointed. Following determination of the Fair Market Value with respect to the Facility and Related Interests and Rights, unless Buyer provides written notice to Seller within ten (10) days preceding the First Option Purchase Date that it will not exercise the option to purchase the Facility and Related Interests and Rights, Buyer shall purchase and Seller shall sell, convey and assign, the Facility and Related Interests and Rights for the First Option Purchase Price, in accordance with an agreement provided by Buyer that includes the terms and conditions substantially in the form of Appendix L. If Buyer does not provide the First Notice by the First Option Exercise Date, then Buyer shall forfeit the right to exercise the First Buyer Purchase Option.

First Option Purchase Price and the “Second Option Purchase Price” are herein sometimes referred to as the “Purchase Price”). Within four (4) business days after execution of the Purchase and Sale Agreement, Tenant shall deliver to Landlord, as xxxxxxx money, the sum of $500,000.00 in cash (“Xxxxxxx Money”), which Xxxxxxx Money amount shall be applicable to either the First Purchase Option Term or the Second Purchase Option Term. The Xxxxxxx Money shall be applied in the manner described in the Agreement of Purchase and Sale.

First Option Purchase Price has the meaning given to such term in the Option Agreement;

First Option Purchase Price means the First Option Purchase Price as defined in the Put and Call Option Agreement.

First Option Purchase Price is defined in Section 3(a).

First Option Purchase Price means the purchase price for the PG&E Option Property if the First Option is duly exercised by Optionor, as such purchase price is determined in accordance with the provisions of Section 2.5, but excluding therefrom the Contingent Purchase Price.