Common use of Option to Acquire Clause in Contracts

Option to Acquire. Party A hereby grants Party B a priority option, exercisable during the Term of this Contract, to acquire the whole or part of Party A's existing or future production facilities and/or mineral deposits. The Option may be exercised by Party B delivering to Party B the Notice to exercise substantially in the form attached hereto as Schedule "A", upon occurrence of any one of the following events: (1) Party A in voluntary or involuntary bankrupt or liquidation proceedings; or

Appears in 5 contracts

Samples: Equity Joint Venture Agreement (Integrated Carbonics Corp), Agreement (Integrated Carbonics Corp), Equity Joint Venture Agreement (Integrated Carbonics Corp)

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