Option Payment Terms Sample Clauses
Option Payment Terms. If a Trump ▇▇▇▇on Notice is not delivered within the time allowed by InMedica or by InMedica and Chi L▇▇, ▇▇▇ Trump ▇▇▇▇on shall expire. Wescor shall then be obligated to exercise the Option by paying the purchase price under the Option as follows: 20% within thirty (30) days following the deadline for the Trump ▇▇▇ion Notice, and the remainder in equal monthly installments of principle and interest on the first day of each successive month for thirty six (36) months. Interest accruing on such remainder shall be an annual rate equal to two percent (2%) plus the Prime Rate.
Option Payment Terms. 7.1 In consideration for the transfer of the Shares to the Purchaser at Option Completion, the Purchaser undertakes to do each of the following:
(a) at Option Completion (as referred to in Section 6.3.1(b)(i)), procure delivery to EBX 441 and to ▇▇▇▇▇▇▇ 459 ▇▇▇▇ ounces of gold, Loco London; and
(b) procure the grant by the Company, with effect from the Option Completion, of separate assignments of NSR in favour of EBX and ▇▇▇▇▇▇▇ on and subject to the terms of the Net Smelter Royalty Agreement to be entered into in the form attached at Schedule 3 (at the Royalty Rates for EBX and ▇▇▇▇▇▇▇ specified in Schedule 3); and
(c) before or on the first anniversary of Option Completion, procure delivery to EBX 735 and to ▇▇▇▇▇▇▇ 765 ▇▇▇▇ ounces of gold, Loco London; and
(d) before or on the second anniversary of Option Completion, procure delivery to EBX 735 and to ▇▇▇▇▇▇▇ 765 ▇▇▇▇ ounces of gold, Loco London; and
(e) before or on the third anniversary of Option Completion, procure delivery to EBX 735 and to ▇▇▇▇▇▇▇ 765 ▇▇▇▇ ounces of gold, Loco London; and
(f) before or on the fourth anniversary of Option Completion, procure delivery to EBX 1,225 and to ▇▇▇▇▇▇▇ 1,275 ▇▇▇▇ ounces of gold, Loco London.