Reacquisition Option definition

Reacquisition Option has the meaning given to it in Section 3.1.
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Reacquisition Option means the right and option of MPDP to reacquire an undivided thirty percent (30%) Interest (for a total 60% Interest) in the Property by reimbursing AMERA for certain expenditures and completing certain drilling pursuant to Section 2.2. Rules shall have the meaning given in Section 6.9. Transfer, Transferring and Transferred shall have the meaning given in Section 5.1.
Sample 1

Examples of Reacquisition Option in a sentence

  • They also helped me in order to lubricate my courage and curiosity.

  • Penwest must exercise the Reacquisition Option by delivering written notice to Trevi within [**] of delivery to Penwest by Trevi of the Phase 2 Data Package (the “Exercise Notice”).

  • In this context, "restriction" includes the right of the Company to reacquire the Shares pursuant to the Reacquisition Option.

  • Within thirty (30) days after completion of the drilling required to exercise the Reacquisition Option, MPDP shall prepare and deliver to AMERA (i) drill logs of the drilling completed, and (ii) a thorough technical report of the data and interpretations derived from such drilling, including all assays and geochemical, geophysical and geological analyses made.

  • In the event of a Change of Control of the Company, then, upon the occurrence of such Change of Control, 100% of the Shares shall be released from the Company's Reacquisition Option.

  • Until such time as Del Mar completes a Financing Transaction or the Reacquisition Option Period expires (the “Patent Prosecution Consultation Period”), Del Mar shall keep Valent informed on an ongoing basis regarding filing, prosecution and maintenance of the Assigned Patents and any actions which require to be taken in relation thereto.

  • The Participant understands that the Participant may elect to be taxed at the time the Shares are purchased rather than when and as the Reacquisition Option expires by filing an election under Section 83(b) of the Code with the I.R.S. within 30 days from the date of purchase.

  • Gestalt psychologists would say that the pilot was organising the stimuli available into patterns and responding to relationships among those stimuli to enable the aircraft to be guided to a safe touchdown5.

  • The Reacquisition Option shall be exercised by the Company by delivering written notice to the Participant or the Participant's executor (with a copy to the Escrow Holder).

  • Except for the escrow described in Section 5 or the transfer of the Shares to the Company or its assignees contemplated by this Agreement, none of the Shares or any beneficial interest therein shall be transferred, encumbered or otherwise disposed of in any way until such Shares are released from the Company's Reacquisition Option in accordance with the provisions of this Agreement, other than by will or the laws of descent and distribution.

Related to Reacquisition Option

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • 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.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options 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.

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

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

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • 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.

  • Option means a stock option granted pursuant to the Plan.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • 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.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

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

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

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

  • Put Right has the meaning set forth in Section 8.05(a).

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

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • 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.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Optional Repurchase is defined in Section 5.1(b).

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Call Option Date As defined in Section 10.01(a) hereof.