Grant of Exploration Rights Sample Clauses

Grant of Exploration Rights. Licensor grants Licensee the full and exclusive right and authority to enter upon the XXXXX Lands to conduct such exploration and prospecting operations as Licensee may deem appropriate to determine the presence, location, quantity, and value of Leased Substances contained in, on, or under the XXXXX lands covered by the XXXXX Leases and any water appurtenant to the same. Such operations may include, but shall not be limited to, mapping, sampling (including bulk sampling), trenching, drilling, testing, assaying, conducting environmental studies, and engaging in other geochemical and geophysical exploration methods whether now known or in the future developed, for such purposes. Licensee may establish drill sites and construct such minor roads as may be necessary to the conduct of the foregoing activities on the XXXXX Lands without the prior consent of Licensor. Licensee also may mine and remove such amount of Leased Substances as Licensee may deem appropriate for sampling, testing, and evaluation of the XXXXX Lands and Leased Substances, however, Leased Substances may not be removed for sale. In addition, Licensee shall have the right: (a) to use all easements and all rights-of-way for ingress and egress to and from the XXXXX Lands to which Licensor may be entitled; (b) to obtain all permits, approvals, and other federal, state, and local governmental authorizations as Licensee deems necessary to conduct its exploration activities on the XXXXX Lands; (c) to exercise all other rights that are or may be incidental to any or all of the rights granted, expressly or implicitly, to Licensee in this Agreement; and (d) to the extent Licensor possesses the title and authority to grant it, to possess and use all or any part of the XXXXX Lands for the purpose of exploring any adjoining or nearby property optioned, owned, controlled or operated by Licensee.
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Grant of Exploration Rights. Kennecott grants GP the exclusive right and authority, during the Option Period, to enter upon the Property to conduct such exploration and prospecting operations as GP may deem appropriate to determine the presence, location, quantity and value of minerals contained in the Property. Such operations may include, but shall not be limited to, mapping, sampling including bulk sampling, trenching, drilling, testing, assaying, conducting environmental studies and other geochemical and geophysical exploration methods whether now known or in the future developed. GP may establish drill sites and construct such minor roads as may be necessary to the conduct of the foregoing activities. GP may also mine and remove such amount of minerals as GP may deem appropriate for sampling, assaying, metallurgical testing and evaluation of the Property without exercising the Option, however, minerals may not be removed for sale. In addition, GP shall have the right: (a) to use all easements and all rights-of-way for ingress and egress to and from the Property to which Kennecott may be entitled; (b) to obtain all permits, approvals and other federal, state and local governmental authorizations as XX xxxxx necessary to conduct its mineral exploration activities; (c) to exercise all other rights that are or may be incidental to any or all of the rights granted, expressly or implicitly, to GP in this Agreement; and,
Sample 1
Grant of Exploration Rights. The Seller grants to Azco the full right and authority, during the Option Period, to enter upon the Property and to conduct such exploration and prospecting operations, as Azco may deem appropriate, to determine the presence, location, quantity and value of minerals contained in the Property with the intention that Azco's initial exploration efforts will be a systematic and scientific evaluation of the Property. Such operations may include, but shall not be limited to, mapping, sampling, including bulk sampling, trenching, drilling, testing, assaying and conducting environmental studies and other geochemical and geophysical exploration methods whether now known or in the future developed, and Azco will use its reasonably best efforts to explore the Property in conjunction with each of those certain November 13, 1997 and November 18, 1997 letters from the County of San Benixx xxxressed to Willxxx Xxxxxxx xxxle acting as an agent on behalf of Azco, August 13, 1997 Notice of Determination filed in San Xxxxxx Xxxxxx, October 1, 1997 San Benixx Xxxnty Reclamation Agreement and May 21, 1997 approved Benitoite Gem Mine Reclamation Plan respecting the Property (collectively, the "Reclamation Plan"), a copy of which entire Reclamation Plan is attached as Schedule "B" to this Agreement, failing which Azco will use its reasonably best efforts to secure such permits and post such additional reclamation bonds as may be necessary, in its sole and absolute discretion, for the exploration work intended to evaluate the economic potential of the Property. Azco may establish drill sites and construct such roads as may be necessary to the conduct of the foregoing activities. Subject to section "8.6" hereinbelow, Azco may also mine and remove such amount of minerals as Azco may deem appropriate for sampling, assaying, testing and evaluation of the Property without exercising the Option; provided that the total amount of material processed during the Option Period does not exceed 500 cubic yards. In addition, Azco shall have the right: (a) to use all easements and all rights-of-way for ingress and egress to and from the Property to which the Seller may be entitled; (b) to make use of all available facilities located on the Property; (c) to obtain all permits, approvals and other federal, state and local governmental authorizations as Azco deems necessary to conduct its mineral exploration activities; (d) to exercise all other rights that are or may be incidental to any or all o...
Sample 1
Grant of Exploration Rights. The GMC Parties, as of the Closing Date, to the extent they have the legal and contractual rights to do so, grant, and to the extent required under the GMC Option Agreements, assign, to Fabled Mexico, its servants, agents and independent contractors, the sole and exclusive right and option to: (a) carry out Operations on the Property as Fabled Mexico may in its sole discretion determine; (b) bring and install on the Property and remove from time to time such buildings, plant, machinery, equipment, tools, appliances and supplies as the Fabled Mexico may deem necessary to conduct its Operations; and (c) remove from the Property reasonable quantities of rocks, ores, minerals and metals and to transport the same for the purpose of sampling, testing and assaying.
Sample 1
Grant of Exploration Rights. Owner grants Hanover the full right and authority, during the Option Period, to enter upon the Property to conduct such exploration and prospecting operations as Hanover may deem appropriate to determine the presence, location, quantity and value of minerals contained in the Property. Such operations, which shall be a planned exploration program approved and permitted by the appropriate government agencies, may included, but shall not be limited to, mapping, sampling, including bulk sampling, trenching, drilling, testings, assaying, conducting environmental studies and other geochemical and geophysical exploration methods whether now known or in the future developed. Hanover may establish drill sites and construct such roads as may be necessary to the conduct of the foregoing activities. Hanover also may mine and remove such amount of minerals as Hanover may deem appropriate for sampling, assaying, metaLlurgical testing and evaluation of the Property Without exercising the Option, however, minerals may not be removed for sale. In addition, Hanover shall have the right (a) to use all easements and all rights--of--way for ingress and egress to and from the Property to which Owner may be entitled; (b) to obtain all permits, approvals and other federal, state and local governmental authorizations as Hanover deems necessary to conduct its mineral exploration activities; (C) to exercise all other rights that are or may be Incidental to any or all of the rights granted, expressly or implicitly, to Hanover in this Agreement; and (d) to the extent Owner possesses the title and authority to grant it, to possess and use all or any part of the Property together with all easements to, across and through the Property, for the purpose of exploring any adjoining or nearby property owned, controlled or operated by Hanover.
Sample 1
Grant of Exploration Rights. Silex hereby irrevocably grants to Barrick and its servants, agents and independent contractors, for the entire Option Period, the sole and exclusive (subject to Silex’s rights and obligations under Sections 4.4 and 10.2) right and option to: (a) enter upon and have immediate possession of the Properties; (b) carry out Operations on the Properties as Barrick may in its sole discretion determine; (c) bring and install on the Properties and remove from time to time such buildings, plant, machinery, equipment, tools, appliances and supplies (excluding any buildings, plant, machinery, equipment, tools, appliances and supplies owned by Silex or any of its contractors) as Barrick may xxxx necessary; and (d) remove from the Properties reasonable quantities of rocks, ores, minerals and metals and to transport the same for the purpose of sampling, testing and assaying. The Golden Entities acknowledge and agree that Barrick may enter into an intercompany services agreement with Barrick Sub so that the latter may carry out any or all of the above activities. For greater certainty, none of the Golden Entities shall, subject to Silex’s rights and obligations under Sections 4.4 and 10.2, carry out any Operations or other mining activities on the Properties during the Option Period and Silex shall provide to Barrick written evidence of the foregoing limitation, in form satisfactory to Barrick acting reasonably, filed with the appropriate Governmental Authority.
Sample 1
Grant of Exploration Rights. UPR hereby grants to Royal, for the term of this Restated Agreement, the sole and exclusive right to prospect, explore, sample and test for Subject Minerals on the Subject Property, upon the terms and conditions hereinafter in this Restated Agreement contained. UPR and Royal agree that the primary aim and focus of the exploratory activities conducted by Royal pursuant to this Restated Agreement shall be the discovery of diamonds or precious metals in the Subject Property.
Sample 1
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Related to Grant of Exploration Rights

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Advancement of Expenses To the extent not prohibited by law, the Company shall advance the expenses incurred by Indemnitee in connection with any proceeding, and such advancement shall be made within twenty (20) days after the receipt by the Company of a statement or statements requesting such advances (which shall include invoices received by Indemnitee in connection with such expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice) and upon request of the Company, an undertaking to repay the advancement of expenses if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. Advances shall be unsecured, interest free and without regard to Indemnitee’s ability to repay the expenses. Advances shall include any and all expenses actually and reasonably incurred by Indemnitee pursuing an action to enforce Indemnitee’s right to indemnification under this Agreement, or otherwise and this right of advancement, including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Indemnitee acknowledges that the execution and delivery of this Agreement shall constitute an undertaking providing that Indemnitee shall, to the fullest extent required by law, repay the advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances under this Section shall continue until final disposition of any proceeding, including any appeal therein. This Section 6 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 10(b).

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Stock Options and Restricted Stock The Company shall grant to Executive effective as of the Effective Date non-qualified stock options (to be known as the "IPO Options") to purchase, and awards of restricted stock (to be known as the "IPO Restricted Stock") for, an aggregate number of shares of the Company's no par value common stock equal to 0.65 percent of the Shares that will be outstanding immediately following the closing of the Initial Public Offering (5), with 70 percent of such Shares (rounded to the nearest 100 and being an estimated 36,400 Shares) being in the form of Stock Options and 30 percent of such Shares (rounded to the nearest 100 and being an estimated 15,600 Shares) being in the form of Restricted Stock under the Company's 2003 Stock Option and Award Plan (the "Stock Option Plan"). The IPO Options shall be at an exercise price equal to the fair market value of the Shares as determined by the offering price in the Initial Public Offering. The Shares subject to the IPO Options shall vest over three years of service and the shares of IPO Restricted Stock shall vest over four years of service after the Effective Date. The grant of the IPO Options and the IPO Restricted Stock and the exercise of the IPO Options shall be subject to all of the terms and conditions of the Stock Option Plan. Notwithstanding the forgoing, to the extent not contrary to applicable law, all of the IPO Options shall become fully vested and remain exercisable pursuant to their respective terms for the remainder of their respective Exercise Periods , and all unvested Shares, if any, of the IPO Restricted Stock shall become fully vested, effective upon termination of Executive's employment by reason of death, discharge by the Company pursuant to 3.4 (a) other than for Cause, resignation by Executive pursuant to Section 3.4(b) for Good Reason, termination by resignation or discharge for any reason other than Cause upon or after a Change in Control, or "retirement" or "disability" within the meaning of the Stock Option Plan; and all options granted after or in addition to the IPO Options, all shares of Restricted Stock awarded after or in additional to the IPO Restricted Stock, and any and all other awards to Executive pursuant to the Stock Option Plan shall be subject to such terms and conditions as shall be determined at the time of any such award under the direction of the Board pursuant to the Stock Option Plan. The Company shall exercise best efforts to register with the Securities and Exchange Commission under the Securities Act of 1933, as amended, the issuance of shares of stock issued pursuant to the Stock Option Plan and to satisfy the current public information requirements of Rule 144(c) for purpose of allowing Executive to resell such shares.

  • Registration Rights Granted The Company hereby grants registration rights to the Purchaser pursuant to a Registration Rights Agreement dated as of even date herewith between the Company and the Purchaser.

  • Grant of Right In addition to the demand right of registration described in Section 5.1 hereof, the Holder shall have the right, for a period of no more than two (2) years from the Initial Exercise Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Shares which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

  • Indemnification Rights Each Person who was or is made a party or is threatened to be made a party to or is otherwise involved (including, without limitation, as a witness) in any actual or threatened action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter a “proceeding”), by reason of the fact that he is or was a Director or officer of the Company or is or was serving at the request of the Company as a director or officer of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, including, without limitation, service with respect to an employee benefit plan (hereinafter, an “Indemnitee”), whether the basis of such proceeding is alleged action in an official capacity as a Director or officer or in any other capacity while so serving, shall be indemnified and held harmless by the Company to the full extent permitted by the LLC Act and the Investment Company Act, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted the Company to provide prior to such amendment), or by other applicable law as then in effect, against all expense, liability and loss (including, without limitation, attorneys’ fees, costs and charges, judgments, fines, excise taxes or penalties under ERISA, penalties and amounts paid or to be paid in settlement) actually and reasonably incurred or suffered by such Indemnitee in connection therewith; provided, however, that except as provided in Section 4.8(c) with respect to proceedings to enforce rights to indemnification and advancement, the Company shall indemnify any such Indemnitee in connection with a proceeding (or part thereof) initiated by such Indemnitee only if such proceeding (or part thereof) was authorized by the Board. Notwithstanding anything to the contrary in this Section 4.8(a) or any other provision of this Agreement, for so long as the Company is subject to the Investment Company Act, the Company shall not indemnify an Indemnitee to the extent such indemnification would violate the Investment Company Act.

  • Rights Granted The Author hereby grants to the Publisher the perpetual, sole and exclusive, worldwide, transferable, sub-licensable and unlimited right to publish, produce, copy, distribute, communicate, display publicly, sell, rent and/or otherwise make available the Contribution in any language, in any versions or editions in any and all forms and/or media of expression (including without limitation in connection with any and all end-user devices), whether now known or developed in the future, in each case with the right to grant further time-limited or permanent rights. The above rights are granted in relation to the Contribution as a whole or any part and with or in relation to any other works. Without limitation, the above grant includes: (a) the right to edit, alter, adapt, adjust and prepare derivative works; (b) all advertising and marketing rights including without limitation in relation to social media; (c) rights for any training, educational and/or instructional purposes; and (d) the right to add and/or remove links or combinations with other media/works. The Author hereby grants to the Publisher the right to create, use and/or license and/or sub-license content data or metadata of any kind in relation to the Contribution or parts thereof (including abstracts and summaries) without restriction. The Publisher also has the right to commission completion of the Contribution in accordance with the Clause "Author’s Responsibilities – Delivery and Acceptance of the Manuscript" and of an updated version of the Contribution for new editions of the Work in accordance with the Clause "New Editions". The copyright in the Contribution shall be vested in the name of the Author. The Author has asserted their right(s) to be identified as the originator of the Contribution in all editions and versions, published in all forms and media. The Author agrees that all editing, alterations or amendments to the Contribution made by or on behalf of the Publisher or its licensees for the purpose of fulfilling this Agreement or as otherwise allowed by the above rights shall not require the approval of the Author and will not infringe the Author's "moral rights" (or any equivalent rights). This includes changes made in the course of dealing with retractions or other legal issues.

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