Examples of First Option Exercise Date in a sentence
The put may be exercised in whole or in part by BUYER on the First Option Exercise Date and/or on the Second Option Exercise Date but in no event, and notwithstanding anything in this Agreement to the contrary, shall the total amount of put-back Purchased Loans exceed $7,500,000.
Reorganisation Tax Indemnity Claim means a claim in respect of any Tax liabilities in Singapore (but not, for the avoidance of doubt, any Tax liabilities arising in any other jurisdiction) incurred by the Company or, in circumstances where the First Option is exercised by the Buyer prior to the First Option Exercise Date, the Option Company that arise in connection with the implementation of the Reorganisation in accordance with the Reorganisation Plan.
On the First Option Exercise Date and upon and subject to the terms and conditions hereof, the Iconic Parties will immediately, and without any further action whatsoever be deemed to have granted to Nevada Lithium the sole, exclusive and irrevocable right and option to acquire an additional 15% Interest (for an aggregate 35% Interest) (the “Second Option”), free and clear of all Encumbrances (other than Permitted Encumbrances).
It is the intention of the Parties that, subject to the Shareholding of APB prior to the First Option Exercise Date, which Shareholding shall be deemed to be 1%, the Shareholding of each Party shall at all times be equal to the Ownership Interest of such Party, in each case as determined in accordance with this Agreement.
Option Exercise Date means, in respect of the First Option Vessels, the First Option Exercise Date and in respect of the Second Option Vessels, the Second Option Exercise Date.
First Option Exercise Date means, in the event that the First Option is exercised by the Buyer in accordance with the terms of this Agreement on or prior to the First Option Exercise Expiry Date, the date on which the First Option is exercised.
On the First Option Exercise Date and upon and subject to the terms and conditions hereof, the Nubian Parties shall be deemed to have granted to Athena the sole, exclusive and irrevocable right and option to acquire an additional 90% Interest, for an aggregate 100% Interest (the "Second Option"), free and clear of all Encumbrances other than Permitted Encumbrances.
The First Option Signing Consideration shall be satisfied in full by the allotment and issue, credited as fully paid, of the First Option Consideration Shares, ranking in full for all dividends to be paid by the Buyer Guarantor on its ordinary shares after the First Option Exercise Date, in accordance with Clause 3.2.2.
Each First Option shall be exercisable by the First Option holder complying with its obligations under these terms and conditions at any time on or after 14 February 2019 (First Option Exercise Date), and prior to the date that is sixty (60) calendar months after the First Option Exercise Date (First Option Expiration Date) and after the First Option Expiration Date, the First Option will lapse.
The Buyer shall not be entitled to exercise the Second Option if it has not exercised the First Option prior to the First Option Exercise Date in accordance with the terms of this Agreement.