Option Exercise Notice definition
Examples of Option Exercise Notice in a sentence
From the date of the Option Exercise Notice until the incorporation of the Project Company (the “JV Incorporation Date”), the Exploration Expenditures shall be funded equally by both Parties.
To such effect, unless Participant makes available to Vesta, jointly with the Option Exercise Notice, the amount of income tax due, the Participant irrevocably agrees and instructs ▇▇▇▇▇ to the effect that from any amount due in ash to Participant, Vesta may subtract the amount required to pay income tax that must be withheld and paid to Tax Administration Service [Servicio de Administración Tributaria - SAT] for income deriving from exercise of Part B Stock Option.
Buyer shall exercise the option granted in Section 2.1.1(a) by delivering a written notice to Seller (the “Option Exercise Notice”) specifying (i) the number of Option Shares to be purchased (the “Exercise Shares”), and (ii) the proposed closing date for the purchase (the “Option Closing Date”), which shall be no earlier than ten (10) Business Days after the date of the Option Exercise Notice.
SQM shall exclusively (excepting but subject to the IE Accelerator Funding Right) fund the Exploration Expenditures on the SQM Mining Concessions and each Typhoon Exploration Area according to the respective Exploration Budget and Work Program, until the Option Exercise Notice.
The aggregate purchase price for the Exercise Shares (the “Option Purchase Price”) shall be paid solely by the issuance to Seller (or its designee) of a number of Buyer Shares (rounded down to the nearest whole share) equal to the Option Purchase Price divided by the VWAP Price for the ten (10) trading days immediately preceding the date of the Option Exercise Notice.