Second Option definition

Second Option has the meaning set out in sub-paragraph 4.01(b) hereof;

Second Option has the meaning set forth in Section 4.1(c) of this Agreement.

Second Option means the rights and obligations contemplated in Section 9.6 hereof.

Examples of Second Option in a sentence

• Each Investor may elect to purchase any of the remaining Available Units available to such Investor by delivering written notice to the Company within five (5) days after the delivery of the Second Option Notice (such 5-day period being referred to herein as the "Second Period").

• Upon exercising the Second Option, RTEC may elect to form a joint venture with Benton on an 80/20 basis.

• Conditional upon Cameco fulfilling the First Option, the Company granted Cameco a second option (the “Second Option”) to acquire an additional 19% interest in the Property by incurring an additional $15,000,000 in exploration expenditures in relation to the Property by the 4th anniversary of the effective date of the Second Option.

• After the First Option period, RTEC may either form a joint venture with Benton on a 70/30 basis or, at its election, increase its interest to 80% (the “Second Option”) by spending an additional $5 million in exploration expenditures over the next 4 years and by paying Benton $100,000 cash within 30 days after electing to exercise the Second Option.

• Each Option Term shall be subject to all the terms, covenants and conditions of the Lease, except as modified by this provision (meaning, no further options will be re-imposed, subject only to the Second Option Term).

More Definitions of Second Option

Second Option has that meaning set out in Section 3.1(b);

Second Option. Replace the least senior employee in the same classification and employment status and hours per year, provided the employee has the abilities and qualifications to perform the duties of the job position. (Same class & hours per day as held prior to reduction).

Second Option has the meaning given to it in Section 6.1.

Second Option means the option described in the Option Letter under the heading “Debt Option” to have the Existing Notes amended as described therein;

Second Option. Life Income The Company will make equal monthly payments. Payments will start on the Option Date and will continue: . During the life of the Payee, with no further payment after the death of the Payee, called "Life Income, No Refund"; or . During the life of the Payee, but for at least 10 years, called "Life Income, 10 Years Certain"; or . During the life of the Payee, but for at least 20 years, called "Life Income, 20 Years Certain".

Second Option shall have the meaning set forth in Section 2(b) hereof.

Second Option means Second Option as defined in Paragraph 35.