Further Option definition

Further Option means the option that may be granted to the Optionee under the Joint Venture Agreement to acquire the remainder of the Optionor's Interest, as contemplated in Section 3.8.
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Further Option means the option to be granted by the Optionor to the Optionee to acquire up to a further 10% of the Property Rights in respect of the Property and corresponding interest in the Joint Venture, for an aggregate 60% interest as more particularly set forth in §3; (j) “Joint Venture” means the joint venture to be formed between the Optionor and the Optionee in respect of the Property upon exercise of the Option; (k) “Joint Venture Agreement” means the joint venture agreement to be entered into between the Optionor and the Optionee as provided for in §2.2 and §3.2 hereof; (l) “Mineral Products” means the commercial end products derived from operating the Property as a mine; (m) “Option” means the option granted by the Optionor to the Optionee to acquire an undivided 50% of the Property Rights in respect of the Property as more particularly set forth in §2.1; (n) “Option Period” means the period from the date hereof to the date at which the Optionee has performed its obligations to acquire its 50% interest in the Property as set out in §2 hereof and has given notice of the exercise of the Option and, in circumstances where the Optionee elects to exercise the Further Option, shall include such period to the date on which the Optionee has either exercised the Further Option, waivers such Further Option or gives notice to the Optionor in writing that it does not intend to proceed with such exercise; (o) “Property” refers to the mineral property known as Xietongmen Gold-Copper Property located in Tibet, China as more specifically described in Schedule A attached hereto; (p) “Property Rights” refers to any and all rights, interests and privileges currently held and owned and/or hereafter acquired by the Optionor directly or indirectly, by law or
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Further Option means the option to be granted by the Optionor to the Optionee to acquire up to a further 10% of the Property Rights in respect of the Property and corresponding interest in the Joint Venture, for an aggregate 60% interest as more particularly set forth in ss.3;
Sample 1

Examples of Further Option in a sentence

  • After the formation of the Joint Venture, the Optionee will have the Further Option to acquire the remainder of the Optionor's Interest in those circumstances and on those terms that will be contained in the Joint Venture Agreement.

  • Further Option AppraisalFollowing the Phase 1 option sieving process, all of the remaining potential options for improving transport in Grantham were considered in more detail from a technical point of view.

  • Further, Option Holder may petition the Company for license to make, market or sell a particular Invention.

  • The Optionee intending to exercise the Further Option shall give written notice to the Optionor no later than sixty (60) days after the Completion Date.

  • Failing such notice, the Optionee shall be considered to have waived the Further Option.

  • NB: Further Option terms relating to third party assets are commercial in confidence.

  • Further, Option E correctly uses “only” to modify “the second (book)”, conveying the intended meaning - that “A collection of 38 poems by Phillis Wheatley” is the second “book” ever published by an American woman.

  • The Further Option Vessels shall have the same specifications and be on the same contractual terms as the Option Vessels, subject to mutual agreement, among others, on price, payment terms, delivery date etc.

  • Any failure by Holder to duly deliver a Further Option Exercise Notice by September 30, 2000 will result in the termination of the Further Option.

  • The Further Option granted by the Company in favour of Hain Celestial (the “YHS Further Option”), when exercised, requires the Company to issue such number of YHS Shares to Hain Celestial such that Hain Celestial will, in aggregate, hold up to 5 per cent.


More Definitions of Further Option

Further Option has the meaning set forth in Section 2(m).
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Related to Further Option

  • 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.

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

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

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

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

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

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

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

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

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Option Closing Time means 8:00 a.m. (Toronto time) on any Option Closing Date or such other time on any Option Closing Date as the Company and the Underwriters may agree;

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • Purchase Option Notice As defined in Section 3.18(e).

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Renewal Option has the meaning set forth in §12.1.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.