Option Interest definition

Option Interest has the meaning ascribed to it in the Recitals.

Option Interest has the meaning ascribed to that expression in the Secondary Put Agreement.

Option Interest has the meaning given that term in Section 8.5.1 hereof.

Examples of Option Interest in a sentence

• In the event that the Host and P ovider do not agree on the Fair Market Value within thirty (30) days following delivery of th Purchase Option Notice, a mutually-agreeable independent appraiser (the "Independent Appraiser") with suitable expertise shall be engaged (at equally split expense) to determine the Fair Market Value for the Option Interest.

• The cost of such transfer shall be included in the Work Program and Budget and upon the completion of the transfer of the First Option Interest to Nevada Lithium, Iconic Subco will provide notice to Nevada Lithium of the completion of such transfer.

• Upon the occurrence of the First Option Exercise Date, the Iconic Parties shall take all actions and do all things necessary, as soon as practicable, to transfer the First Option Interest to Nevada Lithium such that Nevada Lithium is the registered and beneficial holder of the First Option Interest.

• Upon the occurrence of the Third Option Exercise Date, the Iconic Parties shall take all actions and do all things necessary, as soon as practicable, to transfer the Third Option Interest to Nevada Lithium such that Nevada Lithium is the registered and beneficial holder of the Third Option Interest.

• In the event a Fill-In Interest or an Option Interest is acquired pursuant to this ARTICLE V, only the portion of such Fill-In Interest or Option Interest that covers depths within the Marcellus Formation shall thereafter be subject to the terms and provisions of this Agreement and the depths outside the Marcellus Formation shall not be subject to the terms of this Agreement.

More Definitions of Option Interest

Option Interest means the entire partnership interest of Seller as a partner of the Partnership, including such partner's (i) right to a share of the income, gain, losses and deductions of and distributions by the Partnership, (ii) right to a share of Partnership assets, (iii) rights with respect to initial and additional capital contributions made to the Partnership by such partner, including such partner's rights with respect to allocations of income, gain losses and deductions of and distributions made by the Partnership which are based upon or determined by reference to such capital contributions, (iv) rights with respect to the management of the business and affairs of the Partnership, (v) voting, consent and approval rights, (vi) rights to unpaid interest under Section 12.6 of the Partnership Agreement, whether accrued as of or accruing on or after the date hereof, (vii) rights with respect to such partner's Capital Account (as defined in the Partnership Agreement), (viii) rights, if any, under Sections 16, 17 and 18 of the Partnership Agreement, (ix) any and all other rights, interests and benefits to which such partner is or may become entitled by reason of its status as a partner of the Partnership, and (x) all liabilities and obligations of such partner by reason of its status as a partner of the Partnership, in each case as provided in the Partnership Agreement or the partnership laws of the state of the Partnership's organization.

Option Interest means any option convertible into common shares of the Debtor as set forth on Exhibit 1, for which a proof of interest has been filed in the Chapter 11 Case on or before the Proof of Interest Bar Date for Option Interests, Equity Rights, and Restricted Stock Awards, and that is not subject to, among other things, reduction, offset or disallowance on account of any counterclaims, Avoidance Actions and Subordination Actions. To the extent an Option Interest has not been adjusted for splits, such interest will be adjusted as required to be equivalent to a common share.

Option Interest has the meaning set forth in Section 9.06(b).

Option Interest means the entire partnership interest of Seller as a partner of the Partnership, including such partner's (i) right to a share of the income, gain, losses and deductions of and distributions made by the Partnership, (ii) right to a share of Partnership assets, (iii) rights with respect to initial and additional capital contributions made to the Partnership by such partner, including such partner's rights with respect to allocations of income, gain losses and deductions of and distributions made by the Partnership which are based upon or determined by reference to such capital contributions, (iv) rights with respect to the management of the business and affairs of the Partnership, (v) voting, consent and approval rights, (vi) rights to unpaid interest under Section 6.8 or 7.2 of the Partnership

Option Interest has the meaning assigned to such term in Section 16.4.

Option Interest shall have the meaning assigned to such term in the Subordinated Loan Agreement.

Option Interest has the meaning set forth in Section 3(g) of the Agreement.