Common use of Election Relating to Area of Common Interest Clause in Contracts

Election Relating to Area of Common Interest. The Management Committee (the representative of the Acquiring Party not being entitled to vote with respect thereto) may, within thirty (30) days of receipt of the Acquiring Party’s notice, elect, by notice to the Acquiring Party, to require that the mineral properties and the right or interest acquired be included in and thereafter form part of the Property for all purposes of this Agreement.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Strathmore Minerals Corp.), Limited Liability Company Operating Agreement (Strathmore Minerals Corp.), Limited Liability Company Operating Agreement (Yellowcake Mining Inc.)

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