Area of Interest. Any additional claims located or acquired by the Lessee within one (1) mile from the exterior boundaries of the mining claims described in Exhibit "A" shall become a part of the leased property and shall be subject to the terms of this lease as of the Effective Date.
Area of Interest. 1. My interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2” (the Area of Interest”) or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2.
Area of Interest. Owner and Sterling agree that, during the term of this Agreement, an Area of Interest will be established around each claim group that constitutes the Property. The Area of Interest shall be defined as that area within one mile of the exterior boundaries of the groups of unpatented mining claims described in Exhibit “A”. Any property or interests therein (“Additional Lands”) acquired (whether by staking, leasing, purchase or otherwise) by Sterling within the Area of Interest during the term of this Agreement, shall be included in and subject to this Agreement as if the newly acquired property was listed in Exhibit “A” and thereafter shall be part of the Property under this Agreement. Promptly following any such acquisition, Sterling shall give written notice to Owner of the acquisition, which notice shall include a true and complete copy of all documents (including all documents relating to or evidencing the acquisition [“Acquisition Documents”]) and data relating to the Additional Lands. In the event that Owner or its affiliates (including, but not limited to, any person or entity controlling or under common control with Owner) acquires (whether by staking, leasing, purchase or otherwise) any Additional Lands within the Area of Interest during the term of this Agreement, Owner shall give written notice to Sterling of the acquisition, which notice shall include a true and complete copy of all Acquisition Documents and data relating to the Additional Lands. Sterling may elect, by written notice to Owner within sixty (60) days following receipt of Owner’s notice, whether to include the Additional Lands under this Agreement. If Sterling timely elects to include the Additional Lands acquired by Owner under this Agreement, then the Additional Lands shall be included in and subject to this Agreement as if the Additional Lands were listed in Exhibit “A” and thereafter shall be part of the Property under this Agreement. Following the inclusion of Additional Lands in the Property pursuant to this Section 1, the Parties shall take such actions and execute such instruments (including, without limitation, an amendment to this Agreement) as either Party may desire or as may be required under the terms of the Acquisition Documents or applicable law to subject the Additional Lands and the Acquisition Documents to the terms of this Agreement. Nothing in this Agreement shall be construed to limit either Party’s right to apply for or otherwise acquire, on its own behalf and...
Area of Interest. 7.1 The Area of Interest shall be defined as the area situated within 1.8 kilometres of the Property boundaries as defined by the claims in Schedule "A" and as more fully set out in Schedule "B". If either party acquires, directly or indirectly, any interest in any new property which is all or partly within the Area of Interest, the acquiring party must disclose this acquisition promptly to the other party and the acquiring party's property falling within the Area of Interest shall form part of the Property and become subject to the terms of this Agreement. In addition, in the event either party acquires, directly or indirectly, any interest in any new property which is immediately adjacent to and tied on to the Property, and is partly within the Area of Interest, the acquiring party must disclose this acquisition promptly to the other party and the acquiring party's entire property shall form part of the Property and become subject to the terms of this Agreement. Notwithstanding the acquisition of new property, the geographic scope of the Area of Influence shall not increase with the addition of any new property, except as otherwise provided for herein.
Area of Interest. (a) If at any time during the term of this Agreement, Optionor or an affiliate of Optionor (the “Acquiring Party”) acquires, directly or indirectly, any interest in any property which is all or partly within three kilometres of the outermost boundary of the Property (the “AOI Property”), then the Acquiring Party must disclose the acquisition (including all costs and information it has relating to the AOI Property) promptly to Optionee, and Optionee may, by notice to the Acquiring Party within 30 days of receipt of notice of the acquisition, elect to include the AOI Property within the Property.
Area of Interest. Continental, CTVH and WZ agree that if any of them either becomes aware of any interests in any mineral properties within 10 kilometres of the perimeter of the Property that may be available for purchase, or if it actually makes a purchase of such interests, that any such interests will first be offered to Tianyuan for purchase at that party's cost of acquisition as paid or payable to a third party, with the decision as to whether Tianyuan should purchase the interest being at the sole discretion of the Tianyuan Board. The Tianyuan Board shall make a decision whether to purchase such interests within twenty (20) days after Tianyuan is offered to purchase such interests. The directors appointed by the party (or the party itself if it is a director) shall abstain from voting on the acquisition of the mineral property in question. If the Tianyuan Board cannot make a decision within such time period, Tianyuan shall be deemed to have waived the right to purchase such interests.
Area of Interest. The area of interest shall be deemed to comprise that area which is included within ten (10) kilometres of the outermost boundary of the mineral properties, which constitute the Property.
Area of Interest. If either party or if any affiliate of a party, or any officer, director, employee, partner, member or agent thereof, now has or hereafter acquires any property interest within the boundaries of Twp 18N Range 20W or Twp 19N Range 20W, GSRBM, Arizona, or within one mile of the perimeter of such boundaries (the "Project Area"), such party shall give prompt notice to the other party and such property interests shall, at the option of the other party, exercised within 45 days after notice of such acquisition by the acquiring party, become part of the Property and become subject to this Agreement (the "Additional Property").
Area of Interest. For purposes of this Agreement, the Area of Interest is defined as the property boundary as defined in Schedule A. In the event additional claims are located around the margins of the property by MinQuest, this agreement will be terminated and a new agreement will be constructed to add the new claims.
Area of Interest. If, after the effective date of this Agreement, any of the parties to this Agreement stakes or acquires, directly or indirectly, an interest or right in a mineral claim located within three kilometres of the boundaries of the Property as it was constituted at the effective date of this Agreement, that interest or right shall be deemed to form part of the Property and shall be subject to this Agreement.
