Strike Price. The “Strike Price” is $11,326,297, which includes (a) direct costs of $10,273,285, (b) a contingency allowance (regardless if there is another or no amount for a contingency allowance included in the Budget) of $821,863 (the “Contingency”) (which, if applicable, will be supplemented by Producer Deferral of $25,000), and (c) the guaranty fee (regardless if there is another or no amount for a guaranty fee included in the Budget) of $231,149 (the “Guaranty Fee”). The Strike Price does not include any Interest or Charges.
Appears in 4 contracts
Sources: Completion Agreement, Completion Guaranty, Completion Guaranty