Acquisitions Within Area of Interest. 13.1 GENERAL..................................................
Acquisitions Within Area of Interest. During the term of this Agreement the acquisition of any right, title or interest in or to any real property, Minerals, Mineral rights, water, water rights, easements, improvements, appurtenances or other assets within the Area of Interest shall be an opportunity solely for MSX and no Party (other than MSX) or its Affiliates (other than MSX) shall, without the prior written consent of all other Parties, acquire any such right, title or interest for its own or any third party's account or benefit. Each of the Parties shall be free to pursue any acquisitions in Minerals, mining concessions or interests therein situated outside of the Area of Interest for its own or any third party's account or benefit, without any obligation to any of the other Parties hereunder.
Acquisitions Within Area of Interest. (a) During the term of this Lease, with respect to any property now owned or hereafter acquired by Xxxxx within the Area of Interest, Xxxxx shall be free to commit such property to agreements with third parties but only after first offering to Tectonic to include hereunder, as part of the Premises, the property proposed to be committed to such an agreement. Tectonic shall have sixty (60) days after receiving such offer in which to accept such offer. Xxxxx shall have an additional one hundred eighty (180) days to commit such property to such an agreement before again having to offer such property to Tectonic hereunder.
(b) [Reserved]
(c) If Tectonic or any Affiliate of Tectonic (i) now owns any interest in Minerals within the Area of Interest, including any interest in federal or state mining claims or leases; or
Acquisitions Within Area of Interest. 52 12.1 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 12.2
Acquisitions Within Area of Interest. 15.1 If during the period commencing on the Commencement of Joint Funding throughout the term of the Agreement, hereinafter called, the Expansion Period, Surgold, acquires any Right of Exploration, Right of Exploitation, or Third Party Rights located wholly or partially within the Area of Interest, such Right of Exploration, Right of Exploitation, or Third Party Rights automatically shall be deemed to have been contributed for use by the Partnership and shall constitute Partnership Rights.
15.2 Neither NV 2 nor its Affiliate(s) shall acquire any Right of Exploration, Right of Exploitation, or Third Party Rights either wholly or partially within the Area of Interest.
15.3 Within thirty (30) days after a Notice of intent to acquire any Right of Exploration, Right of Exploitation, or Third Party Rights located wholly or partially within the Area of Interest, the acquiring Partner shall notify the other Partner of such acquisition by it or its Affiliate.
15.4 If, within thirty (30) days after receiving the acquiring Partner’s Notice, the other Partner notifies the acquiring Partner of its election to fund its proportionate interest in the acquired interest equal to its Participating Interest, the acquiring Partner shall convey to the other Partner such a proportionate undivided interest therein and the acquired interest shall become a part of the Properties for the purposes of this Agreement immediately upon payment to the acquiring Partner of the other Partner’s proportionate share of actual out-of-pocket acquisition costs equal to such other Partner’s Participating Interest.
15.5 If the other Partner does not give Notice within the thirty (30) day period set forth above, or in the alternative gives Notice within such thirty (30) day period that it does not wish to participate in the acquisition, its Participating Interest shall be diluted under the provisions of Section 6.2.
Acquisitions Within Area of Interest. 4 5.1 General............................................................ 4 5.2 Notice to Non-Acquiring Member..................................... 4 5.3
Acquisitions Within Area of Interest. 9.1 ACQUISITION WITHIN AREA OF INTEREST ----------------------------------- There shall be an Area of Interest (AOI) appurtenant to this Agreement which shall be defined as the following area: sections 1-3, 10-14 T26N R34E and sections 6, 7 and 18 T 26N R35E. as specified in Section 1 and Exhibit "A". Xx XX xx xxx Affiliates (the Acquiring Party) acquiring any Interest, including without limitation, any Metals, minerals, surface or water rights or Metal Interests, Metal Products, Ores within the AOI shall be required to include one hundred percent (100%) of such Interest in the Lands to this Agreement, and made subject to this Agreement under the same terms and conditions as the acquisition of such Metal Interest by the Acquiring Party. If MGE-IW is the Acquiring Party of such Metal Interest in the Area of Interest, such interest shall be required to offer one hundred percent (100%) to WG for the benefit of the Property. If WG does not elect within sixty (60) days of receiving a written notice from MGE-IW to have the Metal Interest and the area or Lands recommended to be included in the Property, MGE-IW shall have the exclusive rights, title and interests to acquire all Interests to the area or Lands recommended and submitted to WG.
Acquisitions Within Area of Interest a.1 General
Acquisitions Within Area of Interest. General. Any interest or right to acquire any interest in real property or mineral or water rights within the Area of Interest acquired during the term of this Agreement by or on behalf of either Member (Acquiring Member) or any Affiliate of such Member shall, in accordance with and subject to the provisions in this Article VI, be subject to the terms and provisions of this Agreement and the LLC Agreement. TSVLP and TSHI and their respective Affiliates for their separate account shall be free to acquire lands and interests in lands outside the Area of Interest and to locate mining claims outside the Area of Interest. Failure of any Affiliate of either Member to comply with this Article shall be a breach by such Member of this Agreement.
