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. 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:
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. 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 (a), 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 0.
ACQUISITION OF INTEREST. 3.1 Upon the completion by the Optionee of the payments and share issuances set out in paragraph 2.1 of this Agreement, the Optionee shall have earned 100% of the Optionor’s entire interest in the Property, subject only to the Royalty interest reserved to the Optionor pursuant to paragraph 6.1.
ACQUISITION OF INTEREST. 4.1 Upon the exercise of the Option by the Company as described in Section 2.0, the Company shall have acquired an undivided 70% interest in and to the Property and the Concessionaire shall have an undivided 30% interest in and to the Property.
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...
