Examples of Option Cancellation Agreement in a sentence
Concurrent with the execution and delivery of this Agreement and as a material inducement to Buyer to enter into this Agreement, each Optionholder agrees to execute an Option Cancellation Agreement.
Mineworx agrees that prior to November 30, 2015 it shall use all reasonable commercial efforts to obtain Option Cancellation Agreements, in a form satisfactory to Iberian, acting reasonably, from each holder of Mineworx Options, which Option Cancellation Agreement shall provide that all Mineworx Options held by such holder of Mineworx Options shall for nominal consideration be surrendered for cancellation prior to the Amalgamation.
The Company shall use commercially reasonable efforts to provide, by no later than seven (7) Business Days prior to the Closing Date (unless such seven (7) Business Day period is waived or shortened by the Parent), to each Optionholder that has not delivered an Option Cancellation Agreement on the date hereof a form Option Cancellation Agreement and request that each such Optionholder execute such Option Cancellation Agreement at or prior to the Effective Time.