Common use of Grant of Lien or Security Interest Clause in Contracts

Grant of Lien or Security Interest. 6.7.1 Subject to Section 6.8, each Participant grants to the other Participant a lien upon and a security interest in its Participating Interest, including all of its right, title and interest in the Assets and the Participant’s share of Products, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 3 contracts

Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co), Venture Agreement (Miranda Gold Corp)

AutoNDA by SimpleDocs

Grant of Lien or Security Interest. 6.7.1 Subject to Section 6.8, each (a) Each Participant grants to the other Participant a lien upon and a security interest in its Participating Interest, including all of its right, title and interest in the Assets and the Participant’s share of Productsproducts produced from the Property, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 2 contracts

Samples: Property Option Agreement (Northwestern Mineral Ventures Inc.), Property Option Agreement (NWT Uranium Corp.)

AutoNDA by SimpleDocs

Grant of Lien or Security Interest. 6.7.1 6.5.1 Subject to Section 6.86.6, each Participant Partner grants to the other Participant Partner a lien upon and a security interest in its Participating Interest, including all of its rightrights, title and interest in the Assets and the ParticipantPartner’s share of Products, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 2 contracts

Samples: Commanditaire Vennootschap Agreement, Commanditaire Vennootschap Agreement (Newmont Mining Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.