Underlying Option Agreement definition

Underlying Option Agreement has the meaning ascribed to such term in Recital A.
View Source
Underlying Option Agreement means the purchase option agreement among the Optionor and the Owners dated October 21, 2022, pursuant to which the Optionor was granted the option to acquire a 100% interest in and to the Property; and
View Source
Underlying Option Agreement means the mineral property option agreement dated February 14, 2006, as amended February 21, 2008, and subject to a confirmation dated February 28, 2008 made between ATW and Mountain Boy;
View Source

Examples of Underlying Option Agreement in a sentence

  • This option is granted pursuant to the relevant Underlying Option Agreement.

  • The potential exercise of the option under the Underlying Option Agreement with Global prior to UEC's completion of the Global Acquisition Agreement.

  • On the date of formation of the Venture, Tashota will contribute: (i) 7DVKRIntWerDest¶(iVncluding all of its right, title and interest in and to the Underlying Option Agreement), with such interest remaining subject to the rights of the Royalty Holder; (ii) any goodwill it has created working with various parties in the Project; (iii) its reputation in gold exploration, resource financings and its highly experienced development team.

  • The Underlying Option Agreement grants to the Optionor the right at any time to purchase two percent (2%) of the uranium royalty for the sum of three million ($3,000,000.00) Dollars, following which Muren would hold a two (2%) per cent uranium royalty over the Property.

  • Per: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Chief Executive Officer Per: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ President and Chief Executive Officer Per: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ For a description of the property please refer to Schedule B-The Underlying Option Agreement and the following map.

  • The Optionor covenants and agrees to pay the Underlying Royalty to the Owners on the terms and conditions set out in the Underlying Option Agreement.

  • It is acknowledged that the Optionor shall be responsible for making all share issuances required to be made to Murer under the terms of the Underlying Option Agreement.

  • The Optionee acknowledges that the Property is subject to a royalty payable to Murer pursuant to the terms of the Underlying Option Agreement equal to a four percent (4%) royalty payment on uranium U308 and a two (2%) per cent royalty on vanadium.

  • Tashota will maintain the Project and the Underlying Option Agreement in good standing by making: (i) all required payments thereunder; and (ii) filing all necessary assessment work on or in respect of the Project according to the Act.