Examples of Option Grantors in a sentence
Notwithstanding the foregoing, the Purchaser Call Option shall not prohibit the sale, assignment or transfer of Company Shares by Call Option Grantors at any time, or from time to time, prior to the Acquisition Date.
Upon TOG’s exercise of the Option, Grantors shall execute a Purchase Agreement, substantially and in all material respects in the form of the attached Exhibit 2-B (“Purchase Agreement”) within two (2) business days of TOG’s exercise of the Option.
Between the date of this Agreement and the exercise of the Option, Grantors agree to cause the Company to be operated only in the ordinary course of business consistent with past practices.
On or after the day 5 Business Days before the proposed Trigger Notice Delivery Date a Second Secured Lender may only revoke a Trigger Notice with the consent of all the other Second Secured Lenders who have given Trigger Notices to be passed on to the Option Grantor(s) on that Trigger Notice Delivery Date.
In addition, nothing contained in this Subscription Right shall be construed as imposing any liability on the Option Holder to purchase any securities of the Note Option Grantors, whether such liability is asserted by the Note Option Grantors or by creditors of the Note Option Grantors.
Trigger Notice Delivery Date, the Option Holder shall pass on to the Option Grantor(s) each Trigger Notice so delivered to it and not revoked by the Exercising Lender and any other Second Secured Lender.
Under the terms of the Option, the Company has agreed to pay up to $85,000 in cash and issue up to 550,000 common shares to the Option Grantors over the next three years.
Without limiting the foregoing, except as expressly provided under this Subscription Right, nothing contained in this Subscription Right shall be construed to confer upon the Option Holder, as such, any of the rights of a creditor of the Note Option Grantors.
These Shares were valued at the fair value on the date of issue ($0.50 per Share) and are to be included in the purchase price of the Buck Property In connection with the exercise of the Option, the Company paid $20,000 in cash and issued 100,000 common shares to the owners of the Buck Property (the "Option Grantors").
However, in the case where priority rules were unclear, the parties in dispute for that payment would get equal shares of the payment.