Grant of Exploration Rights Sample Clauses

Grant of Exploration Rights. Subject to and as may be limited by and under the terms of the State Leases, Emerald grants Peak the full and exclusive right and authority to enter upon the XXXXX Lands to conduct such exploration and prospecting operations as Peak may deem appropriate to determine the presence, location, quantity and value of Leased Substances (as defined in the XXXXX Leases) 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. Peak 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 Emerald. Peak also may mine and remove such amount of Leased Substances as Peak 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, Peak 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 Emerald may be entitled; (b) to obtain all permits, approvals and other federal, state and local governmental authorizations as Peak 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 Peak in this Agreement; and (d) to the extent Emerald possesses the leasehold interest 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 Peak.
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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:
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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:
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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:
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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. 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.
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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:
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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 Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • 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").

  • Grant of Stock Appreciation Right Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Recipient a stock appreciation right covering ______ shares of Common Stock (the "SAR"), effective as of the Grant Date.

  • Grant of Exclusive License 1. Licensor hereby grants to Licensee an exclusive worldwide license with the right to sublicense others, to make, have made, use, sell and lease the Products described in the Licensed Patent Rights with reach-through rights reserved to Licensor.

  • 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.

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