Coal Options definition

Coal Options means the options of the Company to extract additional amounts of coal from the Crow Reserves as set forth in the Sublease.
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Examples of Coal Options in a sentence

  • Absaloka’s rights to the Sublease and the Coal Options are held free and clear of all claims, debts, liens, mortgages, security interests, and encumbrances, other than Permitted Encumbrances (defined below).

  • Except for stock option agreements in respect of the Canada Coal Options and the consulting and employment contract for the CEO and CFO respectively, the Acquiror is not a party to any contract that cannot be terminated on 30 days’ or less notice and without any consideration in respect of such termination.

  • If the Members are unable to agree on the value of the Sublease, the value shall be determined by Erhardt, Keefe, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ PC (or such other person or firm as shall be reasonably acceptable to the Members), which shall value the Sublease (including any previously exercised Coal Options) at their Discounted Cash Flow Value.