Examples of Option Exercise Closing Date in a sentence
American Gold hereby retains and reserves, effective as of the Option Exercise Closing Date, a net smelter returns royalty in all minerals mined and removed from the Talapoosa Property, in the amount of one percent (1%) calculated as more fully described in Exhibit H (“Gunpoint Royalty”).
Prior to or at the Option Exercise Closing, Seller shall pay, or shall cause SSL and its Subsidiaries to pay, in full any liabilities or obligations incurred by SSL and its Subsidiaries and remaining outstanding at the Option Exercise Closing Date, excluding liabilities accrued in the ordinary course of business consistent with past practice and including any and all liabilities or obligations incurred by SSL and its Subsidiaries in connection with the transactions contemplated by this Agreement.
As of the Option Exercise Closing Date SSL owns 100% of the issued and outstanding capital of Synderal Services Ltd, which owns 100% of the issued and outstanding capital of each of NPK- KONTAKT and LIZPROMGAZ.
Buyer shall have acquired all of Sellers’ interest in and to the Talapoosa Project as of the Option Exercise Closing Date upon the delivery of the documents and payment of the Option Payment as provided in Sections 2.2 and 2.3 below (the “Closing”).
Except for Synderal Services Ltd, NPK-KONTAKT and LIZPROMGAZ, as of the Option Exercise Closing Date, SSL has no direct or indirect Subsidiaries.
Except for Synderal Services Ltd, NPK-KONTAKT and Limited Liability Company “LIZPROMGAZ” (“LIZPROMGAZ”) as of the Option Exercise Closing Date, SSL does not own any equity interest, directly or indirectly, in any other Person or business enterprise.
Seller shall be the sole record and beneficial owner of the Interest and will have sole managerial and dispositive authority with respect to the Interest as of the Option Exercise Closing Date.
Seller shall be the sole record and beneficial owner of the Shares and will have sole managerial and dispositive authority with respect to the Shares as of the Option Exercise Closing Date.
Prior to the Option Exercise Closing Date, Gunpoint Parent and Buyer shall prepare an inventory of all Sellers’ Data delivered to Buyer.
Seller undertakes hereby to execute and deliver such instruments, documents or other writings, and to take such actions as may be necessary or desirable to effectuate the registration of the transfer of the Shares to Buyer under the laws of the Republic of Cyprus not later than five (5) business days after the Option Exercise Closing Date.