JV Option definition

JV Option means the option to purchase the Water Authority Land in accordance with the provisions of this Part;
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JV Option shall have the meaning set forth in Section 9.1.
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JV Option has the meaning set out in Section 3.1.
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Examples of JV Option in a sentence

  • The JV Option may be exercised at any time during the Option Term by the Joint Venturers serving an Option Notice on the Water Authority.

  • If the JV Option is cancelled by the Joint Venturers or by the Water Authority in accordance with the provisions of this Part then as from the date of cancellation, but subject to any claim which arose prior to the date of cancellation, the Joint Venturers and the Water Authority are released from all obligations under this Part as from the date of cancellation.

  • Subject to clauses 7(1) and 7(2), if the Joint Venturers are more than 6 months in arrears in payment of the Option Fee, the JV Option will, on notice in writing from the Water Authority to the Joint Venturers at any time after the expiry of the 6 month period when the Option Fee is in arrear, be cancelled.

  • Subject to the provisions of this Part, the Joint Venturers are granted the JV Option.


More Definitions of JV Option

JV Option with respect to each Alliance Property, has the meaning given in the Royalty Deed relating to that Alliance Property.
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Related to JV Option

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

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.