Expiration of Option Agreement Sample Clauses

Expiration of Option Agreement. The parties hereto acknowledge that this Lease reflects the consummation of the transactions described in that certain Lease Option Agreement between Lessor and Energiya USA, LLC dated February 26, 2014 (the “Option Agreement”) and as such supersedes and replaces the Option Agreement. Energiya USA, LLC’s interests in the Option Agreement were assigned to Lessee pursuant to that certain Assignment and Assumption of Lease Option Agreement dated October 2, 2014. Upon execution of this Lease, the Option Agreement will be deemed to have terminated and be of no further force or effect. EXHIBIT A LEGAL DESCRIPTION ALL THAT CERTAIN LOT, PARCEL OR TRACT OF LAND, SITUATE, LYING AND BEING IN G.M.D. 26, XXXXX COUNTY GEORGIA, BEING A PORTION OF TRACT OF LAND KNOWN AD ODI-2, GOLDEN ISLES GATEWAY TRACT AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A DISTURBED CONCRETE MONUMENT ON THE SOUTHERLY RIGHT- OF-WAY OF XXXXX XXXXXXXX BOULEVARD, SAID MONUMENT ALSO BEING THE NORTHWEST CORNER OF SAID TRACT AND THE COMMON PROPERTY CORNER WITH THE BRUNSWICK – GOLDEN ISLES AIRPORT AND HAVING STATE PLANE COORDINATES OF N: 465898.01, E: 878254.91 (GEORGIA COORDINATE SYSTEM, EAST ZONE/NAD-83); PROCEED ALONG SAID SOUTHERLY RIGHT-OF-WAY OF XXXXX XXXXXXXX BOULEVARD THE FOLLOWING COURSES AND DISTANCES: NORTH 65 DEGREES 00 MINUTES 24 SECONDS EAST FOR A DISTANCE OF 208.03 FEET TO A 1/2” IRON REBAR; THENCE ALONG A CURVE TURNING TO THE RIGHT AN ARC DISTANCE OF 1320.88 FEET, (SAID CURVE HAVING A RADIUS OF 1099.43 FEET, A CHORD BEARING OF SOUTH 80 DEGREES 34 MINUTES 30 SECONDS EAST AND A CHORD DISTANCE OF 1242.86 FEET) TO A 1/2” IRON REBAR ; THENCE SOUTH 46 DEGREES 09 MINUTES 24 SECONDS EAST FOR A DISTANCE OF 534.32 FEET TO A 1/2” IRON REBAR; THENCE ALONG A CURVE TURNING TO THE LEFT AN ARC DISTANCE OF 1078.70 FEET, (SAID CURVE HAVING A RADIUS OF 1199.83 FEET, A CHORD BEARING OF SOUTH 71 DEGREES 54 MINUTES 45 SECONDS EAST AND A CHORD DISTANCE OF 1042.74 FEET) TO A 1/2” IRON REBAR; THENCE ALONG THE PROPERTY NOW OR FORMERLY OWNED BY GEORGIA POWER COMPANY THE FOLLOWING COURSES AND DISTANCES: SOUTH 07 DEGREES 52 MINUTES 05 SECONDS EAST FOR A DISTANCE OF 302.11 FEET TO A POINT; THENCE SOUTH 71 DEGREES 52 MINUTES 05 SECONDS EAST FOR A DISTANCE OF 750.00 FEET TO A CONCRETE MONUMENT; THENCE ALONG THE PROPERTY OF UNKNOWN OWNERSHIP SOUTH 71 DEGREES 55 MINUTES 00 SECONDS EAST FOR A DISTANCE OF 931.79 FEET TO A CONCRETE MONUMENT; THENCE ALONG THE LANDS OF THE BRUNSWICK & XXXXX COUNTY DEVELOPMEN...
Sample 1
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Related to Expiration of Option Agreement

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Amendment of Option This Agreement and the terms of the Option may be amended by the Board or the Committee at any time (i) if the Board or the Committee determines, in its sole discretion, that amendment is necessary or advisable due to any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Option; or (ii) other than in the circumstances described in clause (i), with the consent of WGNB and the Grantee.

  • Termination of Options The Options, which become exercisable as provided in paragraphs 3 and 4 above, shall terminate and be of no force or effect as follows:

  • Option Agreement Each Option granted pursuant to this Section 9 shall be evidenced by a written stock option agreement, which shall be executed by the Non-employee Director and the Company.

  • Assignment of Option Except as otherwise permitted by the Committee, the rights of the Optionee under the Plan and this Agreement are personal; no assignment or transfer of the Optionee’s rights under and interest in this Option may be made by the Optionee otherwise than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations order; and this Option is exercisable during his lifetime only by the Optionee, except as otherwise expressly provided in this Agreement. After the death of the Optionee, exercise of the Option shall be permitted only by the Optionee’s designated beneficiary or, in the absence of a designated beneficiary, the Optionee’s executor or the personal representative of the Optionee’s estate (or by his assignee, in the event of a permitted assignment) to the extent that the Option is exercisable on or after the date of the Optionee’s death, as set forth in Sections 2(a) and 3(d) hereof.

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

  • Expiration of Agreement Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

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