Common use of After Acquired Properties Clause in Contracts

After Acquired Properties. The parties covenant and agree, each with the other, that any and all After Acquired Properties shall be subject to the terms and conditions of this Agreement and shall, subject to the provisions hereof, be added to and deemed, for the purposes hereof, to be included in the Claims. In this regard any costs incurred by the Optionee in staking, locating, recording or otherwise acquiring any "After Acquired Properties" will be borne by the Optionee. In circumstances where the Optionors stake, locate, record or otherwise acquire any "After Acquired Properties" they shall so notify the Optionee and, provided that the Optionee reimburses the Optionors for all actual costs related thereto, as set forth by the Optionors in writing, such After Acquired Properties shall be added to and deemed, for the purposes hereof, to be included in the Claims.

After Acquired Properties. The parties covenant and agree, each with the other, that any and all After Acquired Properties shall be subject to the terms and conditions of this Agreement and shall, subject to the provisions hereof, be added to and deemed, for the purposes hereof, to be included in the Claims. In this regard any costs incurred by the Optionee in staking, locating, recording or otherwise acquiring any "After Acquired Properties" will be borne by the Optionee. In circumstances where the Optionors Optionor stake, locate, record or otherwise acquire any "After Acquired Properties" they shall so notify the Optionee and, provided that the Optionee reimburses the Optionors Optionor for all actual costs related thereto, as set forth by the Optionors Optionor in writing, such After Acquired Properties shall be added to and deemed, for the purposes hereof, to be included in the Claims.