Phase 2 Option definition

Phase 2 Option. By completing a 43-101 compliant Preliminary Feasibility Study (“PFS”), by the 7th anniversary from when the Zlatusha Exploration Agreement is signed by the Bulgarian Ministry of Energy, as well as, meeting other conditions, Xxxxxx has the option to earn into a 75% project level interest of the project. Upon Raiden obtaining a 75% project level interest in the project, QX shall have the option to: - Maintain its 25% interest within the project by financing its proportional share of further expenditure - Sell its remaining stake in the project, with Xxxxxx having the first right of refusal - Dilute its remaining interest to a 2% Net Smelter Royalty (“NSR”), where Xxxxxx will have the option to purchase an initial 0.5% of the total NSR for US$2.5m and a further 1% being purchasable for US$5m, prior to commencement of commercial production ASX RELEASE | 15th July 2019 Raiden Resources will be the manager and operator of the work program. The commencement of the Option agreement is subject to following conditions being met within the following 45 days (Conditions Precedent Satisfaction Date): - Raiden providing QX with a notification that it has completed a due diligence on the property and the holding Company (Zelenrok) - QX obtaining shareholder and Toronto Stock Exchange approval for the transaction - Raiden making a A$50,000 payment to QX for reimbursement of project acquisition costs FOR FURTHER INFORMATION PLEASE CONTACT: Managing Director
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Phase 2 Option means provision of an irrevocable offer by the Lessor as an option offerer to the Lessee as an option holder to make a preliminary lease agreement with respect to Premises 2 on the conditions provided for by the Agreement, except Clause 8.1, and the irrevocable offer being an integral part of the Agreement;
Sample 1
Phase 2 Option. Customer shall have the option ("Option"), exercisable at any time during the six month period commencing on the live date of the System (the "Option Period"), to add the feature sets described below, at the prices set forth below ("Phase 2 Option Prices"). Provided, however, that if Customer shall not have exercised the Option prior to the termination of the Option Period, the Option shall expire and be of no further force or effect.
Sample 1

Examples of Phase 2 Option in a sentence

  • The two options (Phase 1 Option and Phase 2 Option) specified in Section I.6 must be separately priced from the base effort and separate spreadsheets shall be provided for the base period and each of the two option periods along with a fourth summary spreadsheet of all three periods combined.

  • Phase 2 Option: One vendor from the Phase 1 Option may be selected for the Phase 2 Option.

  • Funding available for the Phase 2 Option performer is estimated at up to $9-$11 million dollars.

  • An award for the Phase 2 Option will be at SEPTA’s sole discretion A separate Notice to Proceed will be issued in the even SEPTA exercises the Option.

  • The University of California, Riverside (UCR) is initiating a multi-phase contract to complete: Phase 1, Programming Services, Concept Design, and Cost Estimating, and Phase 2 Option to enter into a full service contract for Executive Design Professional Services for Schematic Design, Design Development, Construction Documents, as well as Bidding Support and Construction Administration.

  • Phase 2 (Option 1) – TA1 Phase 2 will reduce noise by 10x while incorporating frequency tunability of ± 5% about the central frequency, again, specified by the performer in the 4 to18 GHz range.

  • Phase 1 (24 months): Assemble an immune memory road map; and Phase 2 Option (36 months): Platform capability development.

  • INSPIRED is a 36-month, two-phase program with an 18-month Phase 1 (Base) and an 18-month Phase 2 (Option).

  • CDR is an event-driven review which shall occur within 30 calendar days after EMD Phase 2 (Option 1) DT&E award.

  • In the event of a Change of Control of Solazyme where a Direct Competitor succeeds to the control (as defined in Section 1.2) of Solazyme (a “Direct Competitor Change of Control”) during Phase 2 or the Phase 2 Option Period, either Party may elect in its sole discretion to terminate immediately this Agreement by written notice to the other Party.


More Definitions of Phase 2 Option

Phase 2 Option has the meaning given in Section 2.2; “Phase 2 Option Period” has the meaning given in Section 2.2;
Sample 1
Phase 2 Option has the meaning set forth in Sub-Article 6B(B).
Sample 1

Related to Phase 2 Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

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

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

  • 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.

  • Director Option means an Option granted pursuant to Section 6.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Employee Option means an Option granted pursuant to Section 5.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Covered Call Option means an exchange traded option 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 (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Renewal Option has the meaning set forth in §12.1.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

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

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Option Grant Date means, as to any Stock Option, the latest of:

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.