Expiration of Option Agreement Sample Clauses

Expiration of Option Agreement. The parties hereto acknowledge that this Lease reflects the consummation of the transactions described in that certain Lease Option Agreement between Lessor and Energiya USA, LLC dated February 26, 2014 (the “Option Agreement”) and as such supersedes and replaces the Option Agreement. Energiya USA, LLC’s interests in the Option Agreement were assigned to Lessee pursuant to that certain Assignment and Assumption of Lease Option Agreement dated October 2, 2014. Upon execution of this Lease, the Option Agreement will be deemed to have terminated and be of no further force or effect. EXHIBIT A LEGAL DESCRIPTION ALL THAT CERTAIN LOT, PARCEL OR TRACT OF LAND, SITUATE, LYING AND BEING IN G.M.D. 26, XXXXX COUNTY GEORGIA, BEING A PORTION OF TRACT OF LAND KNOWN AD ODI-2, GOLDEN ISLES GATEWAY TRACT AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A DISTURBED CONCRETE MONUMENT ON THE SOUTHERLY RIGHT- OF-WAY OF XXXXX XXXXXXXX BOULEVARD, SAID MONUMENT ALSO BEING THE NORTHWEST CORNER OF SAID TRACT AND THE COMMON PROPERTY CORNER WITH THE BRUNSWICK – GOLDEN ISLES AIRPORT AND HAVING STATE PLANE COORDINATES OF N: 465898.01, E: 878254.91 (GEORGIA COORDINATE SYSTEM, EAST ZONE/NAD-83); PROCEED ALONG SAID SOUTHERLY RIGHT-OF-WAY OF XXXXX XXXXXXXX BOULEVARD THE FOLLOWING COURSES AND DISTANCES: NORTH 65 DEGREES 00 MINUTES 24 SECONDS EAST FOR A DISTANCE OF 208.03 FEET TO A 1/2” IRON REBAR; THENCE ALONG A CURVE TURNING TO THE RIGHT AN ARC DISTANCE OF 1320.88 FEET, (SAID CURVE HAVING A RADIUS OF 1099.43 FEET, A CHORD BEARING OF SOUTH 80 DEGREES 34 MINUTES 30 SECONDS EAST AND A CHORD DISTANCE OF 1242.86 FEET) TO A 1/2” IRON REBAR ; THENCE SOUTH 46 DEGREES 09 MINUTES 24 SECONDS EAST FOR A DISTANCE OF 534.32 FEET TO A 1/2” IRON REBAR; THENCE ALONG A CURVE TURNING TO THE LEFT AN ARC DISTANCE OF 1078.70 FEET, (SAID CURVE HAVING A RADIUS OF 1199.83 FEET, A CHORD BEARING OF SOUTH 71 DEGREES 54 MINUTES 45 SECONDS EAST AND A CHORD DISTANCE OF 1042.74 FEET) TO A 1/2” IRON REBAR; THENCE ALONG THE PROPERTY NOW OR FORMERLY OWNED BY GEORGIA POWER COMPANY THE FOLLOWING COURSES AND DISTANCES: SOUTH 07 DEGREES 52 MINUTES 05 SECONDS EAST FOR A DISTANCE OF 302.11 FEET TO A POINT; THENCE SOUTH 71 DEGREES 52 MINUTES 05 SECONDS EAST FOR A DISTANCE OF 750.00 FEET TO A CONCRETE MONUMENT; THENCE ALONG THE PROPERTY OF UNKNOWN OWNERSHIP SOUTH 71 DEGREES 55 MINUTES 00 SECONDS EAST FOR A DISTANCE OF 931.79 FEET TO A CONCRETE MONUMENT; THENCE ALONG THE LANDS OF THE BRUNSWICK & XXXXX COUNTY DEVELOPMEN...
Sample 1
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Related to Expiration of Option Agreement

  • Expiration of Agreement Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

  • Termination of Development Grant Agreement The obligations of the Recipient under the Development Grant Agreement shall terminate on the date 20 years after the date of the Development Grant Agreement.”

  • EFFECT OF OPTIONAL TERMINATION Upon the exercise of the option to terminate pursuant to Section 7.2, this Agreement shall terminate and be of no further force or effect; provided, however, that:

  • TERM OF GRANT AGREEMENT The term of this Grant Agreement begins on the date this Grant Agreement is executed by the State, through final payment plus three (3) years unless otherwise terminated or amended as provided in this Grant Agreement. However, all work shall be completed in accordance with the Schedule as set forth in Exhibit C.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • EXCLUSIVITY OF OPTION This Option to Purchase Agreement is exclusive and non-assignable and exists solely for the benefit of the named parties above. Should Buyer/Tenant attempt to assign, convey, delegate, or transfer this option to purchase without the Seller/Landlord’s express written permission, any such attempt shall be deemed null and void.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Termination of Recall Rights The layoff shall be a termination of employment and recall rights shall lapse if the layoff lasts for more than twenty-four (24) consecutive months without recall.

  • Expiration of Contract Unless terminated earlier pursuant to Clause GC 2.6 hereof, this Contract shall expire at the end of such time period after the Effective Date as specified in the SC.

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