Optioned Property definition

Optioned Property. – means all of Owner’s right, title and interest (which in- cludes fee simple title to the real property) in and to all property and assets used in or otherwise related to the operation of the Project including, without limitation, all real property and interests in real property, all tangible and intangible personal property including furniture, fixtures, equip- ment, supplies, intellectual property, licenses, permits, approvals, and contractual rights of any

Optioned Property shall have the meaning set forth in Section 23.01 hereof.

Optioned Property shall have the meaning assigned thereto in Section 8.17.

Examples of Optioned Property in a sentence

• Under the Option Agreement the Company can increase its interest in the Optioned Property to 95% by a further payment of $1,000,000 upon Commercial Production, and to 100% by an additional payment of $2,000,000 to be made 24 months following Commercial Production.

• ACE European Group Limited RegisteredNo 01112892 is registered in England at Registered Office 100 Leadenhall Street, London, EC3A 3BP and Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.Full details can be found on the FCA’s website by visiting http://www.fsa.gov.uk/register/home.do or by contacting the FCA on 0800 111 6768*.

• The Option Agreement provides for the acquisition of an undivided interest of 100% in the Optioned Property.

• Accompanying the Exercise Notice shall be a draft or final reference plan of survey identifying the portion of the Optioned Property that will be the subject of the Easement (the “Easement Land”).

• Until the option is exercised, the Company shall solely fund any exploration expenditure on the Optioned Property.

• Under the Option Agreement, as amended, in order to complete the acquisition of a 90% interest in the Optioned Property, Goldstar will pay Morrissy $300,000 payable in three installments of $100,000 on February 14 of each year until 2021.

• Under the Option Agreement, as amended, in order to complete the acquisition of a 100% interest in the Optioned Property, Goldstar will pay the Owners $160,000 payable in three installments of $50,000, $50,000, and $60,000 on July 15, 2020, 2021, and 2022.

• Should Nagambie be granted the NSR, Mawson will have the right to acquire the NSR for A$4,000,000.Mawson will have the option to accelerate its spending to achieve its various percentage ownership interests in the Optioned Property.

• Should the parties not elect to form a 40/60% JV, Mawson will then have the option to earn an additional 10% interest in the Optioned Property (for an aggregate 70% interest) by incurring an additional A$1.5M of exploration expenditures on or before the end of year 6 (cumulative A$4.0M in years 1 to 6).

• Since entering into the option agreement, the Company acquired a 100% beneficial interest in additional claims that were contiguous to the Sherridon Optioned Property (the Sherridon Optioned Property and the additional claims collectively referred to as the “Sherridon Property”).

More Definitions of Optioned Property

Optioned Property means the Facility and the Board’s interest in the Leased Lands upon which the Facility is which is the subject of a Declaration;

Optioned Property means the portion of the Property subject to the Option Agreement.

Optioned Property means the land more particularly described on Schedule 6.12 annexed hereto with all buildings, structures, improvements or other real property of any kind or nature whatsoever situated thereon, and all appurtenant and ancillary rights thereto, including, without limitation, easements, covenants, water rights, sewer rights and utility rights.

Optioned Property means the real property Buyer has an option to purchase pursuant to the Option Agreement.

Optioned Property has the meaning given to it in Section 5.1(1).