Second Option Purchase Price definition

Second Option Purchase Price means the lesser of: (i) CDN$60,000,000.00, and (ii) an amount in Canadian dollars equivalent to USD$75,000,000.00 converted at the prevailing US$/CD$ spot market rate applicable on the day immediately prior to the date on which Royal Gold makes the first payment of the Second Option Purchase Price in accordance with Section 4.02(1)(d)(i) by reference to middle-market rates quoted on the Reuters page FX= (or if such page ceases to be quoted, such replacement or substituted page as reflects substantially the same exchange rates);

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Second Option Purchase Price means the second option purchase price calculated in accordance with Schedule 3 which cannot exceed €6,000,000;

Second Option Purchase Price means the purchase price for the Phase I Option Property if the Second Option is duly exercised by Optionor, as such purchase price is determined in accordance with the provisions of Section 3.5.

Examples of Second Option Purchase Price in a sentence

The maximum liability pursuant to this Agreement of each Grantor shall be the First Option Purchase Price or the Second Option Purchase Price actually received by that Grantor.
The proceeds from each instalment of the First Option Purchase Price and the Second Option Purchase Price will be used by Seabridge to fund Development of the Project on the Subject Properties.
The amount of any First Option Purchase Price or Second Option Purchase Price payable to any Grantor under this Agreement will be reduced (or deferred) by the Optionee by the amount of any offset as provided under (i) Section 8.3 of the Share Purchase Agreement and/or (ii) the Tax Deed.
Upon the transfer by an Employee Grantor of its First Option Shares and/or Second Option Shares to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ as provided herein, the Employee Grantor shall have no further right of any nature to the First Option Purchase Price or the Second Option Purchase Price and the Optionee shall have no liability or obligation of any nature to such Employee Grantor.
Subject to Royal Gold having completed the exercise of the First Option in accordance with Section 4.01(1), this Agreement shall terminate upon the date on which Royal Gold completes the payment of the Second Option Purchase Price.
SurModics will give at least 30 days prior notice in writing to the Sellers Agent of any intention to offset a claim against the First Option Purchase Price or the Second Option Purchase Price.
SurModics may offset any amounts to which they reasonably believe they are entitled under the terms of this Agreement or the Tax Deed against any of the First Option Purchase Price or the Second Option Purchase Price payable by it pursuant to the Put and Call Option Agreement.
The Initial Closing Purchase Price, the First Option Purchase Price, the Second Option Purchase Price and the Third Option Purchase Price, in each case subject to adjustment in accordance with Section 1.2(c), Section 1.2(d) and Section 1.2(e)(ii) hereof, are referred to collectively herein as the "PER SHARE PURCHASE PRICES".
Payment of the Second Option Purchase Price on or before the Second Option Payment Deadline in immediately available funds.
The parties agree that the cost of the acquisition of the Second Option Shares shall be funded entirely by IWC through the subscription by IWC of new Shares at an aggregate subscription price equal to the amount of the Second Option Purchase Price (as defined in the Motorola Share Purchase Agreement).

More Definitions of Second Option Purchase Price

Second Option Purchase Price has the meaning given to such term in the Option Agreement;

Second Option Purchase Price is defined in Section 4(b).

Second Option Purchase Price means the Second Option Purchase Price as defined in the Put and Call Option Agreement.

Second Option Purchase Price means the sum of US$5,500,000 plus interest at a rate of 10% per annum, compounded monthly, on such aggregate amount from the date on which the Second Option is exercised to the date of actual payment.

Related to Second Option Purchase Price

Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.
Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.
Cash Purchase Price has the meaning set forth in Section 2.1(b).
Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).
Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

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