Water Option definition

Water Option has the meaning set forth in Section 8.1(a).
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Water Option has the meaning set forth in the preamble to this Agreement. “Water Permits” has the meaning set forth in the definition of Water Assets.
Sample 1

Examples of Water Option in a sentence

  • The three groups were ♦ Health Group♦ Alternative Water Option Group♦ Hydrogeology Group A number of different recommendations were propounded in the workshop by the experts.

  • At the Effective Time, each Under Water Option shall (pursuant to the terms of the Company Stock Plan) be canceled and shall have no further force or effect whatsoever.

  • Syntroleum shall give Notice to YFP that it has reached the casing point and YFP must make its written election to Syntroleum to exercise the Shallow Water Option within twenty-four hours thereafter.

  • In the event that YFP fails to exercise its Shallow Water Option as provided within this Section 2.3, the Shallow Water Option shall expire and YFP shall have no further rights to modify its Paying Interest and Revenue Interest in OML 113.

  • The objective of such annual plan shall be to assist YFP in establishing itself as a fully competent Operator in the Shallow Water Option Area of the OML 113 Lease in the disciplines associated with the exploration, development and production operations, including the management of such operations, and assisting YFP in complying with the relevant regulations of the Government from time to time as such regulations may apply to the OML 113 Lease.

  • In the event that YFP elects to exercise its right granted under this Section 2.3, the Paying Interest of YFP for the Shallow Water Option Area shall be *** percent (***) thereafter and the Paying Interest of Syntroleum shall be *** percent (***) thereafter.

  • It is expressly stipulated and agreed to be the intent of Borrower and Lender at all times to comply with applicable state law or applicable United States federal law (to the extent that it permits Lender to contract for, charge, take, reserve, or receive a greater amount of interest than under state law) and that this provision shall control every other covenant and agreement in this Agreement, the Revolving Note and the other Loan Documents.

  • In order to have this right, the option buyer should pay some money to the seller, which calls premium.According to the domestic and abroad option theories and practice, and the factof ER of SNWT, we introduce multiple-exercise option contract (also named Drought Water Option Contract), which can avoid the risk of water price, increase the reliability of water supply, reduce the cost of water allocation and improve the value of water resources.

  • We have decided, however, that setting an arbitrary time period in which this residency time must be accumulated is not necessary.

  • Subsequently the BRA has offered this surplus water for sale to Cityand/or District, with such sale of water satisfying a portion of the BRA’s obligation to provide water under the Agreement and Amendment as a preferential right and option to purchase BRA System Water (Option).

Related to Water Option

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

  • 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.

  • 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.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • 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 1.4(a).

  • Company Stock Option means an option to purchase shares of Common Stock.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

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

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

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

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

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • 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.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • SAR means a stock appreciation right granted under the Plan.

  • Option Consideration has the meaning set forth in Section 3.3(a).

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