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.

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

• The Optioned Property is located within the Clarendon, Lepreau and Pennfield Parishes of Charlotte County in New Brunswick at approximately 50 km south of Fredericton.

• 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.

• 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.

• The Company supplementally advises the Staff that all but two of the investors that participated in the PIPE Financing were identified in the Company’s press release announcing the transaction.

• 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”).

• 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).

More Definitions of Optioned Property

Optioned Property means the Facility and the Board's interest in the Ministik Leased Lands;

Optioned Property means, with respect to any Receivable, the real property (a) which is the subject option investment upon which the Borrower, the Trust and/or the applicable Originator has relied in its underwriting of such Receivable, (b) in which the Trust is the owner (as successor-by-assignment to the applicable Originator thereof) of an option interest pursuant to the terms and provisions of the option purchase agreement, home equity contract, or other similar agreement executed in conjunction therewith, and (c) encumbered by the Receivable Instruments executed in conjunction with such Receivable.

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

Optioned Property means the real property Buyer has an option to purchase pursuant 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 has the meaning given to it in Section 5.1(1).