Lease Option definition

Lease Option means a type of contractual agreement whereby a party has the option to lease property when certain conditions are met. In the context of the Edwards Aquifer Habitat Conservation Plan, the Edwards Aquifer Authority is charged with entering into such contracts with the option to lease an Edwards Aquifer Authority Groundwater Withdrawal Permit becoming actionable upon the existence of a specific ten-year rolling recharge average. The difference between a Lease Option and a Forbearance Agreement is that a Lease Option is a

Lease Option shall have the meaning assigned to that term in the recitals hereto.

Lease Option means a type of contractual agreement whereby a party has the option to lease property when certain conditions are met. In the context of the Edwards Aquifer Habitat Conservation Plan, the Edwards Aquifer Authority is charged with entering into such contracts with the option to lease an Edwards Aquifer Authority Groundwater

Examples of Lease Option in a sentence

• Any request for a Lease Option Agreement should be indicated in this section.

• The Lease Option to Purchase Agreement was for 91 acres of surface rights and 2,750 aces of mineral rights associated with the I-M Property (“BET properties”).

• Should Placer exercise the Lease Option, Placer has an exclusive right to purchase the Claims (and certain ancillary water rights) plus buyout the royalty for a total consideration of US$1,500,000 for a period of three years form the anniversary of the lease.

• Under the Lease Option, SMMI pays an advance $5,000 net returns royalty to OGT annually on November 4 which is distributed to OGT’s minority member.

• The Lease Option includes a capped $5 million less net returns royalties paid through the date of exercise.

More Definitions of Lease Option

Lease Option shall have the meaning set forth in Section 2.1.

Lease Option means an operating lease for acquiring tangible equipment and "lease purchase options" means a capital lease for acquiring tangible equipment. The City of Hobbs can enter into either an operating lease or a capital lease in acquiring tangible equipment. Thresholds still apply as to the total value of the leased asset. All lease agreements valued at under seventy-five thousand dollars ($75,000.00) must be signed by the City Manager or designee. All lease agreements with tangible equipment valued at over seventy-five ($75,000.00) must be processed through bidding, request for proposal, GSA, or cooperative purchasing and be approved by the City Commission.

Lease Option means Potash Ridge’s option under the Exploration and Option Agreement to convert its exclusive exploration right on the Blawn Mountain Project into the Blawn Mountain Lease at any time during the Option Period.

Lease Option has the meaning set forth in Section 3.15(a).

Lease Option means any contract or other agreement by which the holder has the right, but not the obligation, to acquire a Lease or Leases or Mineral Interest by the payment of money or for other consideration.

Lease Option shall have the meaning given the term in the Recitals to this Agreement.

Lease Option the option granted to the Purchaser under the Master Agreement to lease the Forest Land Use Right (林地使用權) of the Forest Land for 30 years after harvesting; “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange;