Water Option definition

Water Option has the meaning set forth in Section 8.1(a).
View Source
Water Option has the meaning set forth in the preamble to this Agreement.
View Source

Examples of Water Option in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • B7.2 Water Option A- provided by the Contractor including necessary temporary plumbing F:.............................

  • If after approval of the plan of development for the first Commercial Discovery YFP proposes an Exclusive Operation other than for YFP’s Shallow Water Option set out in Article 2.2(B), then as to such Exclusive Operation YFP’s Carried Participation shall end, and the initial presumed Capex Paying Interest and Opex Paying Interest of each Party with respect to such Exclusive Operation shall be as set out for the Opex Paying Interests in Schedule 2.1(A)(iii)(y).

  • At the Effective Time, each such Under Water Option shall no longer represent the right to purchase Shares, but in lieu thereof shall represent only the nontransferable right to receive, upon exercise and payment of the Exercise Price for such Under Water Option, the Merger Price.

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.