Equity Option definition
Examples of Equity Option in a sentence
If IE does not exercise the Equity Option, any amounts funded by IE pursuant to the Accelerator Funding Right shall not be reimbursable by SQM under any circumstances.
IE may exercise such renewed Equity Option at any time during the six (6) month period following receipt of SQM’s notification.
All exploration information generated as a result of the exploration works including backups, interpretations, samples, and any related data, shall be the property of SQM unless IE exercises the Equity Option and the Project Company is incorporated.
If a Technical Discovery is made, IE shall retain the right to exercise its Equity Option, and the Parties shall carry out the actions set forth in Article 8 above.
Upon the exercise by IE of the Equity Option, the Parties agree on the formation of a joint venture through the incorporation of a new Chilean company by shares (the “Project Company”) between IE, acting directly or through a wholly owned entity, and SQM, acting directly or through a wholly owned entity and the subscription of a Shareholders Agreement to thereafter govern the activities of the Project Company.