ACQUISITION OF INTEREST. The acquisition of all interests, or any portion of interest, in Grantee by another person shall not require the consent of Owner or constitute a breach of any provision of this Agreement and Owner shall recognize the person as Xxxxxxx’s proper successor.
ACQUISITION OF INTEREST. Upon the completion by Emgold of the cash and share payments set out in section 2, Emgold shall have earned an undivided 100% interest in and to the Property, subject only to the royalty interest reserved to the Optionors pursuant to section 5.
ACQUISITION OF INTEREST. On the Participants or a third party acquiring all or a portion of the Disposing Party's Interest, the Participants or the third party will be deemed to have acquired a corresponding portion of the Disposing Party's Costs. The third party will be entitled to all the rights and benefits accruing, and will be subject to the same duties and obligations attributable to them, to the Interest which it has purchased from the Disposing Party including the right to participate in any further Programs and Costs and the right to having its Interest increased or reduced in the same manner as the Disposing Party in the event the third party does not participate in the Programs and Costs.
ACQUISITION OF INTEREST. Except as otherwise provided in Section 10.1 above, the acquisition of all or any portion of Lessee’s or an Assignee’s or Tenant’s interest in the Property or the Solarpower Facilities or this Agreement by another Assignee or Tenant or any other person through foreclosure or other judicial or nonjudicial proceedings in the nature thereof or any conveyance in lieu thereof, shall not require the consent of Landowner or constitute a breach of any provision or a default under this Agreement, and upon such acquisition or conveyance Landowner shall recognize the Assignee or Tenant, or such other party, as Lessee’s or such other Assignee’s or Tenant’s proper successor.
ACQUISITION OF INTEREST. 2.01 The Optionor hereby grants to the Company the exclusive right and option to acquire an undivided 100% right, title and interest in and to the Property for total consideration of the Cash Payment and the issuance to the Optionor of a total of 300,000 common shares of the Company to be made as follows:
(a) within 10 business days of the Approval Date, the issuance to the Optionor of 150,000 common shares of the Company; and
(b) on or before one year from the Approval Date, the issuance to the Optionor of 150,000 common shares of the Company.
ACQUISITION OF INTEREST. After all of the 3-D Seismic Operations have been completed (through the interpretation of the data obtained therefrom), except as otherwise provided in this
ACQUISITION OF INTEREST. Upon the completion by the Optionee of the payments set out in Section 2, the Optionee shall have earned a 100% undivided right, title and interest in to the Mineral Claims, including all mining leases and other mining interests derived from the Mineral Claims, subject only to the royalty interest reserved to the Optionor pursuant to Section 5.
ACQUISITION OF INTEREST. Chelsea hereby sells, transfers and assigns to Xxxxx all of its right, title and interest in and to Houston Development and Chelsea Texas, which constitute all the interests, direct and indirect, of Chelsea and its Affiliates in and to the Partnership so that Xxxxx owns Chelsea Texas which is a limited partner in the Partnership and a member of Houston Development. It is the intent of Chelsea and its Affiliates to transfer to Xxxxx all of their interests and rights in the Center. In addition, Chelsea hereby transfers and assigns and agrees to deliver to Houston Development that certain promissory note dated August 12, 1998 in the principal amount of up to $30,000,000, that certain Deed of Trust executed by the Partnership to Xxxx X. Xxxxx, as trustee for the benefit of Chelsea, dated August 12, 1998 and all other documents executed in connection therewith. Any amounts drawn down under the note are included in the Maximum (as defined herein). Simon and Simon Texas hereby consent to such transfers, which consent is subject to execution and delivery of the S/M Agreement (as defined herein), in form and substance satisfactory to Simon in its sole and absolute discretion. In consideration thereof, Xxxxx hereby agrees to reimburse Chelsea for all direct expenses incurred by Chelsea in connection with the Center (including costs incurred by Chelsea relating to the Lawsuit) (the "Chelsea Expenses") and 50% of all third party development and construction costs incurred by Chelsea on behalf of the Partnership or by the Partnership with respect to the Center on or prior to the date hereof, including, but not limited to, fees and expenses paid or incurred in connection with the acquisition of the land upon which the Center was to be constructed (including the cost of the land), architects, consultants, advisors, appraisers, title insurers, surveyors, attorneys, engineers, construction loan financing and any other third parties (collectively, the "Third Party Expenses"); provided, however, that the Chelsea Expenses and 50% of the Third Party Expenses shall not exceed an aggregate of $9,137,500 (the "Maximum"). The Chelsea Expenses and Third Party Expenses include all expenses anticipated to be incurred in connection with the termination or cancellation of all contracts and leases entered into by Chelsea on behalf of the Partnership or by the Partnership with respect to the Center. The Maximum does not include the obligations of the Partnership set forth on Schedule A a...
ACQUISITION OF INTEREST. 2.01 The Vendor hereby grants to Miranda an undivided 100% right, title and interest in and to the Property for total consideration consisting of the staking of the Property, cash payments to the Vendor totalling $5,000, and the issuance of 70,000 common shares of Miranda Industries Inc. ("MAD") to be made as follows:
(a) $5,000 and the issuance to the Vendor of 10,000 common shares of MAD upon approval of this Agreement by the Exchange and the staking in the name of Miranda of at least twenty mining claims covering the prospect identified by the Vendor and made known to Miranda, to be described in Schedule "A" hereto; (b) within 30 days of the date upon which Miranda issues a news release on the results of a drill program in which a grade-thickness of 4 feet-ounces/ton was received, the issuance to the Vendor of 10,000 common shares of MAD; (c) within 30 days of the date upon which Miranda receives the final, signed version of a positive pre-feasibility study on the Property, prepared by an independent, qualified party, the issuance to the Optionor of 20,000 common shares of MAD; and (d) within 30 days of the date upon which Miranda receives the final, signed version of a positive feasibility study on the Property, prepared by an independent, qualified party, the issuance to the Optionor of 30,000 common shares of MAD.
2.02 The share issuances provided for in subparagraphs 2.01 (b), (c) and (d) shall in each case be subject to the prior approval of the Exchange, based on the submission of engineering data satisfactory to the Exchange, which Miranda undertakes to use its best efforts to file within a reasonable period of time so as to obtain the necessary approval by earliest possible date. Notwithstanding any other provision of this agreement, so long as Miranda has filed the engineering data referred to herein with the Exchange within a reasonable time after receiving same, the time for making any cash payment or share issuance referred to in this paragraph shall be extended, where necessary, to the day that is five business days following the receipt by Miranda of the necessary Exchange approval.
2.03 The Vendor acknowledges that the shares to be issued pursuant to paragraph 2.01 will be issued pursuant to available exemptions under the Securities Act (British Columbia), the requirements of which may be subject to change. Miranda makes no representation as to any resale restrictions which may be imposed with respect to such shares from time to time.
2.0...
ACQUISITION OF INTEREST. 2.01 The Optionor hereby grants to the Company the exclusive right and option to acquire an undivided 100% right, title and interest in and to the Property for total consideration of the issuance to the Optionor of a total of 300,000 common shares of the Company to be made as follows:
(a) within 10 business days of the Approval Date, the issuance to the Optionor of 100,000 common shares of the Company;
(a) on or before November 25, 2004 the issuance to the Optionor of 100,000 common shares of the Company;
(b) on or before November 25, 2005 the issuance to the Optionor of 100,000 common shares of the Company;
