Common use of Cultural Heritage Clause in Contracts

Cultural Heritage. No archaeological permits, licences, approvals, consents, surveys, removals, certificates, monitoring reports or other authorizations of any kind or nature have been obtained in connection with any property of the Corporation or its Subsidiaries (including the Concessions) during the activities performed to date on such properties, neither have archaeological remains been discovered nor damages to any archaeological remains been caused as a direct or indirect result of activities undertaken on such properties. In addition: (i) neither the Corporation nor any of its Subsidiaries has received (or is otherwise aware of) any demand or notice with respect to the material breach of any applicable Cultural Heritage Laws or any order or directive relating to archaeological matters which requires any material work, repairs, construction, or capital expenditures, applicable to the Concessions, the Corporation or any of its Subsidiaries or any of their business undertakings; (ii) there are no claims, investigations or inquiries pending or, to the knowledge of the Corporation, threatened against the Corporation or any of its Subsidiaries (or naming the Corporation or any of its Subsidiaries as a potentially responsible party) based on non- compliance with any applicable Cultural Heritage Laws at any of the properties or facilities currently or formerly owned, leased, licensed or operated by, or under option to, the Corporation or any of its Subsidiaries, including the Concessions; and (iii) the Corporation and each of its Subsidiaries has provided the Investor with all archaeological surveys, assessments, removals, monitoring and audits that have been performed by them or by others who have furnished a copy to the Corporation or any of its Subsidiaries with respect to any property or facility currently owned, leased, licensed or operated by, or under option to, the Corporation or any of its Subsidiaries.

Appears in 3 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

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Cultural Heritage. No archaeological permits, licences, approvals, consents, surveys, removals, certificates, monitoring reports or other authorizations of any kind or nature have been obtained in connection with any property of the Corporation or its Subsidiaries (including the Concessions) during the activities performed to date on such properties, neither have archaeological remains been discovered nor damages to any archaeological remains been caused as a direct or indirect result of activities undertaken on such properties. In addition: (i) neither the Corporation nor any of its Subsidiaries has received (or is otherwise aware of) any demand or notice with respect to the material breach of any applicable Cultural Heritage Laws or any order or directive relating to archaeological matters which requires any material work, repairs, construction, or capital expenditures, applicable to the Concessions, the Corporation or any of its Subsidiaries or any of their business undertakings; (ii) there are no claims, investigations or inquiries pending or, to the knowledge of the Corporation, threatened against the Corporation or any of its Subsidiaries (or naming the Corporation or any of its Subsidiaries as a potentially responsible party) based on non- compliance with any applicable Cultural Heritage Laws at any of the properties or facilities currently or formerly owned, leased, licensed or operated by, or under option to, the Corporation or any of its Subsidiaries, including the Concessions; and (iii) the Corporation and each of its Subsidiaries has provided the Investor Lender with all archaeological surveys, assessments, removals, monitoring and audits that have been performed by them or by others who have furnished a copy to the Corporation or any of its Subsidiaries with respect to any property or facility currently owned, leased, licensed or operated by, or under option to, the Corporation or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement

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