Option Acreage definition

Option Acreage has the meaning set forth in Section 6.3(a).
Sample 1Sample 2Sample 3
Option Acreage shall have the meaning set forth in the Participation Agreement.
Sample 1Sample 2Sample 3
Option Acreage included thereunder, all as more particularly described therein.
Sample 1Sample 2

Examples of Option Acreage in a sentence

  • If Suncor does not exercise its option with RMG, then CCBM shall have thirty (30 day) after receipt of written notice from RMG to elect to purchase 50% of RMG's interest in the Option Acreage for the equivalent value that would have been due RMG under the Suncor Agreement.

  • Within 15 days after such Acquisition Notice is delivered to Reliance, Reliance will have the option to acquire all, but not less than all, of its Participating Interest Share of such “non-unit” acreage (the “Option Acreage”) on the same terms and conditions on which the Atlas Person acquired or has proposed to acquire the Option Acreage by providing written notice of such election to Atlas.

  • If CCBM does not exercise this option on or before thirty (30) days after receipt of written notice, then the Option Acreage will belong solely to RMG and will be removed from the AMI.

  • Each Party will be responsible for and will pay any Third Party, out-of-pocket costs of recording the assignment of its interest in the Option Acreage in the real property records of the appropriate county or township as applicable.

  • Any Option Acreage acquired pursuant to this Section 4.2 shall cover all depths owned or to be acquired by the ZaZa Person.

  • With respect to any indirect acquisition of Option Acreage, the “actual acquisition costs” for the Option Acreage, which will be included in the Acquisition Costs to be paid by Quantum, will be the value reasonably allocated to such Option Acreage by the ZaZa Person in such acquisition or, if no such allocation was made, the fair market value of the Option Acreage as determined by the Parties in good faith.

  • At the closing of such purchase (an “AMI Purchase Date”), (i) Quantum will be required to pay to the ZaZa Person (or to such other Person as the ZaZa Person may designate) [*] of the Acquisition Costs and (ii) the Acquiring Party shall deliver to Quantum its [*] interest in the Option Acreage on the same terms and conditions (to the extent applicable in the case of an indirect acquisition) as such Acquiring Party is or has acquired its interest in the Option Acreage.

  • Any acquisition by STC Eagleville of any Unit Acreage or Option Acreage shall be, subject to the following provisions of this Article XVI, made on the same terms and conditions on which Forest (or its Affiliate, as applicable) acquired such Unit Acreage or Option Acreage, as applicable.

  • If Farmor assumes the well, it is understood that Farmee shall not be entitled to an assignment of Farmor's working interest in and to the Contract Acreage or Option Acreage within a nine section spot surrounding the well.

  • Notwithstanding the foregoing, if water rights relating to the Premises and the Option Acreage are challenged, Lessor and Lessee shall jointly pursue the protection and preservation of said rights, and shall equally bear the reasonable expenses thereof.


More Definitions of Option Acreage

Option Acreage means acreage that the Subsidiary has the right to acquire pursuant to the Exploration Agreement.
Sample 1
Option Acreage has the meaning set forth in Section 16.2 of this Agreement.
Sample 1

Related to Option Acreage

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.

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

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

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Interest Option means LIBOR or the Reference Rate.

  • Option Style “Modified American”, as described under “Procedures for Exercise” below Option Type: Call Buyer: Counterparty Seller: Dealer

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

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

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • 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.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Option Period means the period during which an Option may be exercised.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

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

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

  • Call 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 payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • 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.