51% Option definition

51% Option means the option to purchase an additional 17% equity interest in the Company granted pursuant to Section 10.1 of this Agreement;
Sample 1

Examples of 51% Option in a sentence

  • Following the earning of the 51% Option Interest, a joint venture (“JV”) will be formed and Banyan will have the ability to elect to earn an additional 24%.

  • Following the earning of the 51% Option Interest, a JV will be formed and Banyan will have the ability to elect to earn an additional 24%.

  • Both option 1 and option 2 are effective in achieving objective 5.1. Option 1 would entail some initial direct costs (setting up the structure), but would over time be less expensive than having 27 national competent authorities.

  • See baseline scenario in section 5.1. Option 2: Minimum standards and greater disclosure of the methodology used for 'decarbonised' indices The basic construction principle of existing decarbonised benchmarks is to take a standard benchmark, such as the S&P 500 or NASDAQ 100, and remove or underweight the companies with relatively high carbon footprints.

  • Ericsson Sub topic 5-1: Option 1 Nokia, Nokia Shanghai Bell Sub-topic 5-1: We agree with the proposal, there is no need to define an RF requirement ZTE Sub topic 5-1: support option 1 to not define any RF requirement.

  • WHAT ARE THE AVAILABLE POLICY OPTIONS?‌ 5.1. Option 1: baseline representing current situation‌Option 1 represents the baseline of current existing (SIS, Eurodac, VIS) and planned or proposed (EES, ETIAS, ECRIS-TCN) systems as defined in the latest relevant legal acts (Commission proposals for ETIAS, SIS, Eurodac and ECRIS-TCN system, adopted legal instrument for EES).

  • For example; share certificate, bond, commercial paper, preferred stock, Treasury bill etc.

  • WHAT ARE THE POSSIBLE POLICY OPTIONS?‌ 5.1. Option 0: Do-nothing‌ No new initiative would be taken concerning any revision of the PRM and FRM marketing legislation.

  • Highlights of Aurex Agreement with Victoria Gold Corp.: Under the terms of the binding Letter Agreement with Victoria, Banyan may earn up to 100% interest in the Aurex property in three (3) stages: • Initial 51% Option Interest – COMPLETED.

  • With reference to Condition 5.1 relating to Public Art the applicant has the following options: 5.1 Option 1 Prior to the issue of a Building Permit for the development, obtain approval for the Public Art Project and associated Artist; or 5.2 Option 2 Provide cash-in-lieu of an art project.

Related to 51% Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • 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.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Director Option means an Option granted pursuant to Section 6.

  • Employee Option means an Option granted pursuant to Section 5.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • First Option has that meaning set out in Section 3.1 (a);

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Optioned Stock means the Common Stock subject to an Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.