Buyback Right definition

Buyback Right has the meaning set forth in Section 4.1(a).
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Buyback Right shall have the meaning set forth in Section 4.4(b).
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Buyback Right means the right of the Corporation to repurchase 1% of the NSR Royalty from the NSR Holders for a purchase price of $1,000,000 prior to the commencement of commercial production.
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Examples of Buyback Right in a sentence

  • If neither the Conversion Right nor Buy-back Right are exercised, a Joint Venture arrangement will be formed between the parties to develop the properties.

  • If neither the Conversion Right nor Buy-back Right are exercised, a Joint Venture arrangement will be formed between the parties to develop the properties.There is a 2% NSR over 107 claims which comprise part of the Butler Property, half of which can be bought back for $1 million.Other RoyaltiesOn other claims which do not currently have known deposits, there is a 2% NSR of which half can be bought back for $1 million and on other certain claims there is a 0.7522% NSR.

  • If MacDonald does not elect to exercise its conversion right, the Company can elect to buy back MacDonalds 25% interest for $3 million (the Buy-back Right), payable in cash or shares at the option of the Company.

  • If Juno does not elect to exercise its conversion right, the Company can elect to buy Juno's 25% interest for $3.0 million (the "Buy-back Right"), payable in cash or shares at the option of the Company.

  • If MacDonald does not elect to exercise its conversion right, the Company can elect to buy MacDonald's 25% interest for $3.0 million (the "Buy-back Right"), payable in cash or shares at the option of the Company.

  • Although the Debtors will use commercially reasonable efforts to give notice to a Buyback Participant of any defect or irregularity identified in connection with such Buyback Participant’s purported exercise of a Buyback Right before the Election Expiration Deadline, none of the Debtors nor any of their respective officers, directors, employees, agents, or advisors, including Prime Clerk, will have any obligation to provide, or will incur any liability for failing to provide, any such notice.

  • The Marubeni Buy-back Right shall be exercisable once only by Marubeni by notice in writing to the Purchaser at any time within a Marubeni Three Month Period immediately following any date upon which the HCC Benchmark Price is within the Marubeni Trigger Price Range during the Marubeni Buy-back Period.

  • In consideration of Marubeni procuring that the Marubeni Seller enters into and completes the Marubeni SPA and the terms and conditions of the Marubeni SPA agreed by Marubeni Seller, the Purchaser will grant to Marubeni an irrevocable and unconditional right to purchase the Marubeni Buy-back Interests for the Marubeni Purchase Price (as described below) and in accordance with the terms and conditions of the Marubeni Buy-back Right Agreement.

  • In consideration of Winsway procuring that Winsway Seller enters into and completes the Winsway SPA and the terms and conditions of the Winsway SPA agreed by Winsway Seller, the Purchaser will grant to Winsway an irrevocable and unconditional right to purchase the Winsway Buy-back Interests for the Winsway Purchase Price (as described below) and in accordance with the terms and conditions of the Winsway Buy-back Right Agreement.

  • The right of Winsway to exercise the Winsway Buy-back Right shall expire upon the expiration of the Winsway Buy-back Period, other than where Winsway has issued a Winsway Buy-back Notice within the Winsway Buy-back Period; in respect of which the Winsway Buy-back Right shall only expire at the end of the Winsway Due Diligence Period, if Winsway has not issued a Winsway Notice.


More Definitions of Buyback Right

Buyback Right means the statements set out in Part B of Schedule 1; means the limitations on the transfer of the Property imposed by ASI By-laws and the provisions of Applicable Laws;
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Buyback Right has the meaning specified in Section 1.7(a)(ii).
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Buyback Right is defined in Section 8.6.
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Buyback Right means the right of the DCU Shareholders set out in Schedule "D" hereto;
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Buyback Right has the meaning set forth in Section 11.17.
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Related to Buyback Right

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Director Option means an Option granted pursuant to Section 6.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • SAR means a stock appreciation right granted under the Plan.

  • Optioned Stock means the Common Stock subject to an Option.

  • Stock Right means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Option means a stock option granted pursuant to the Plan.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Employee Option means an Option granted pursuant to Section 5.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.

  • the award , except in sub-paragraph (2), means—

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.