Common use of Area of Interest Clause in Contracts

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.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement, sedar-filings-backup.thecse.com

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