Finance Option Exercise Date definition

Finance Option Exercise Date means the date on which the Board of the Company approves a Project Financing Plan for the placing of the Pedra Branca Project (or any part thereof) into production in accordance with an Approved Work Programme and Budget for such development;
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Examples of Finance Option Exercise Date in a sentence

  • From and after the Feasibility Option Exercise Date or the Finance Option Exercise Date, as applicable, to the date of registration in the share register of the Company of the relevant number of Shares in the name of APB (and/or such other member of the APB Group as may be nominated by APB by notice in writing from APB) there shall be no dividends declared or paid and other distributions made by the Company other than as expressly approved by the Board during such time.

  • On the Finance Option Exercise Date APB (and/or to such other member of the APB Group as may be nominated by APB by notice in writing from APB) shall subscribe for such number of Shares (the "Finance Shares") as represents, at the Finance Option Exercise Date, 5% of the issued Shares in the capital of the Company as at such date and the Shareholders shall procure that and the Company shall issue such Shares, as applicable, to APB.