By Optionee. Optionee represents and warrants to Optionor, as of the Effective Date and as of the Closing Date, which representations and warranties shall survive the Close of Escrow for a period of one (1) year, as follows:
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall expire on the date of termination of Service. The vested portion of the Option shall expire at the close of business at Company headquarters on the Expiration Date.
By Optionee. (1) Optionee is a development-stage company without significant revenues and is substantially illiquid and does not possess adequate capital to pursue its business plan.
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall automatically expire on the date of
By Optionee. Optionee represents and warrants to County as of the Effective Date as follows:
By Optionee. Optionee represents and warrants to Owner that:
By Optionee. Optionee shall have the right to terminate this Agreement at any time before the end of the Option Period upon written notice to Owner specifying an effective termination date; provided that if such notice of termination is after the date (i) 90 days prior to the renewal date of any Permit or any state exploration permit or state mineral lease that is part of the Property or the Additional Lands, and/or (ii) 90 days prior to the BLM mining claim maintenance fee deadline for any unpatented mining claims that are part of the Property or the Additional Lands, then Optionee shall have performed the obligations required to (a) renew the Permit(s) and the other state exploration permits and state mineral leases, including all relevant payments to the Arizona State Land Department, and (b) pay the annual BLM fees with an appropriate filing to maintain the unpatented mining claims for the next assessment year, as applicable. Upon the effective date of such notice, this Agreement shall automatically terminate without further action of the Parties, and Optionee shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 10.7.
By Optionee. Optionee shall not, without prior written consent of the Optionor, use the name or any trademark or trade name owned by Optionor , KU, or by an affiliate of KU, in any publication, publicity, advertising, or otherwise, except that Optionee may identify KUCTC as Optionor of the Patent Rights and Licensed Products and Licensed Methods.
