By Optionee Sample Clauses
The "By Optionee" clause defines the rights or actions that the optionee—the party granted an option—may exercise under an agreement. Typically, this clause outlines the specific procedures the optionee must follow to exercise their option, such as providing written notice within a certain timeframe or fulfilling certain conditions. For example, in a real estate or intellectual property context, the optionee may have the right to purchase or license an asset by adhering to the steps detailed in this clause. Its core function is to clearly delineate the optionee's entitlements and the process for exercising those rights, thereby reducing ambiguity and potential disputes between the parties.
By Optionee. Optionee shall not, without prior written consent of the Optionor, use the name or any trademark or trade name owned by Optionor , KU, or by an affiliate of KU, in any publication, publicity, advertising, or otherwise, except that Optionee may identify KUCTC as Optionor of the Patent Rights and Licensed Products and Licensed Methods.
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall expire on the date of termination of Service. The vested portion of the Option shall expire at the close of business at Company headquarters on the Expiration Date.
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall automatically expire on the date of
By Optionee. Optionee represents and warrants to County as of the Effective Date as follows:
By Optionee. Optionee represents and warrants to Owner that:
(i) Optionee has the full right, power and capacity to enter into and perform this Agreement upon the terms set forth herein, and doing so will not be in breach of any other agreement to which Optionee is a party,
(ii) Optionee is a corporation in good standing under the laws of the Province of British Columbia,
(iii) all transactions contemplated herein, and any corporate or other actions required to authorize Optionee to enter into and perform this Agreement have been properly taken,
(iv) the person signing this Agreement for Optionee has proper corporate authority to do so, and
(v) Optionee will not encumber title to the Permits or the Property or the Additional Lands while this Agreement is in effect.
By Optionee. (1) Optionee is a development-stage company without significant revenues and is substantially illiquid and does not possess adequate capital to pursue its business plan.
(2) The execution and performance of this Agreement by Optionee will not result in any violation or be in conflict with any agreement to which it is a party.
(3) The execution and performance of this Agreement has been duly authorized by the board of directors of Optionee.
By Optionee. Optionee represents and warrants to Optionor, as of the Effective Date and as of the Closing Date, which representations and warranties shall survive the Close of Escrow for a period of one (1) year, as follows:
(i) Due Organization, Authorization, Execution and Delivery. Optionee is a duly organized limited liability company under the laws of the State of Delaware and has the requisite power and authority to enter into and carry out the terms of this Agreement. This Agreement has been duly executed and delivered by Optionee and shall constitute the legal, valid and binding obligations of Optionee, fully enforceable against Optionee in accordance with its terms.
By Optionee. Optionee shall have the right to terminate this Agreement at any time before the end of the Option Period upon written notice to Owner specifying an effective termination date; provided that if such notice of termination is after the date (i) 90 days prior to the renewal date of any Permit or any state exploration permit or state mineral lease that is part of the Property or the Additional Lands, and/or (ii) 90 days prior to the BLM mining claim maintenance fee deadline for any unpatented mining claims that are part of the Property or the Additional Lands, then Optionee shall have performed the obligations required to (a) renew the Permit(s) and the other state exploration permits and state mineral leases, including all relevant payments to the Arizona State Land Department, and (b) pay the annual BLM fees with an appropriate filing to maintain the unpatented mining claims for the next assessment year, as applicable. Upon the effective date of such notice, this Agreement shall automatically terminate without further action of the Parties, and Optionee shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 10.7.