Interest in Land. The Developer represents and warrants that it is:
(a) the owner of the Land; and
(b) legally and beneficially entitled to obtain all consents and approvals and to compel any person referred to in or contemplated by clause 7.1(a)(i) to assist, cooperate and to otherwise do all things necessary for the Developer to comply with its obligations under clause 7.
Interest in Land. It is the intention of the parties that both the Royalty and the lien referred to in clause 4(d) are hereby deemed to be interests in land and run with the Lands. Payor covenants and agrees to ensure that any security interest granted with respect to the Lease or the Lands includes a provision that such security interest is subject to the prior rights and interest of the Royalty Owner.
Interest in Land. The rights, privileges and easements created pursuant to this Agreement, are and shall be of the same force and effect, to all intents and purposes, as a covenant running with the Easement Lands and these presents, including all of the covenants and conditions herein contained, shall extend, be binding upon and enure to the benefit of the Grantor and the Grantee, and their respective executors, administrators, successors and assigns, as the case may be. The Grantee shall have the right from time to time, in its sole discretion to grant licences, assignments or charges of, or security interests in, its rights acquired hereunder, in whole or in part, to third parties, without further consideration becoming payable to the Grantor herein. The Grantor and the Grantee agree that any such license, assignment, charge or security interest in this Agreement and the rights, privileges, and easements granted pursuant thereto, shall be declared to be appurtenant to and for the benefit of the lands and undertaking of such licensee, assignee, chargee or secured party, as the case may be. The Grantor and Grantee agrees that this Agreement, and the rights, privileges and easements granted pursuant thereto shall be declared to be: (i) appurtenant to and for the benefit of the Easement Lands, and (ii) for the purpose of electricity transmission lines or electricity distribution lines within the meaning of Part VI of the Ontario Energy Xxxxx Xxx, 0000.
Interest in Land. Somita, either directly or indirectly, has complete rights to use the land necessary for the Project, subject only to Permitted Liens.
Interest in Land. The Land Owner represents and warrants that it is the legal and beneficial owner of the Land, or if the Land Owner owns the Land in their capacity as trustees of a trust that it is the registered proprietor of the Land in its capacity as the trustees of the relevant trust.
Interest in Land. The Parties agree that, subject to the provisions of section 2.7 and to the extent permitted by applicable law, the Royalty constitutes an interest in the Property and will be a covenant running with the Property, will be enforceable as an in rem interest in land which shall run with the Property and will be binding upon and enure to the benefit of the Parties and their respective successors and assigns. It is the intention of the Parties that to the extent permissible at law, the Royalty on the Property and the Royalty Agreement shall be registerable or otherwise recordable in all public places where interests in land in respect of the Property are recordable and the Owner shall, at the Owner’s sole cost and expense, execute, deliver, file, register and record such further documents as may be necessary for the timely and effective recording or registration of a caution, conveyance, mortgage, notice or caveat in respect of this Agreement, in such public places [including any necessary translation of this Agreement into the [Spanish/Portuguese] language as may be required by applicable laws or regulations]. It is further understood that, should the Royalty not be capable of being registered or recorded against title to the Property without reference to any form of additional security for the Royalty, the Owner will cooperate fully in executing any necessary documentation in order that such additional security, as may be commercially reasonable, be registered or recorded as may be required in order to register or record the Royalty and related additional security.
Interest in Land. The Proponent represents and warrants that it is:
a. the owner of the Land; or
b. legally and beneficially entitled to obtain all consents and approvals to assist, cooperate and to otherwise do all things necessary to comply with its obligations under clause 8.
Interest in Land. Without limiting clause 5.1 (Further assurances), if requested by the Collateral Agent, on acquiring any interest in Material Real Property the Mortgagor shall execute a legal or statutory mortgage over that interest securing the Secured Money in the form and substance required by the Collateral Agent. The Mortgagor shall use its best efforts to register that mortgage.
Interest in Land. The Parties agree that, subject to the provisions of sections 2.7 and 2.8, the Base Metal Royalty and the Precious Metal Royalty on the Property will each be a covenant running with the Property, will be enforceable as an in rem interest in land which shall run with the Property and will be binding upon and enure to the benefit of the Parties and their respective successors and assigns, provided that for the Property that comprise Mining Leases;
(i) the Base Metal Royalty and the Precious Metal Royalty thereon will be a covenant running with the Owner's leasehold interest in the Mining Leases for the entire term of the applicable lease and any and all renewals and extensions thereof; and
(ii) any assignment or sublease of the Mining Leases shall include a provision requiring the assignee or sublessee to pay the Base Metal Royalty and the Precious Metal Royalty on the Mining Leases; and further provided that for the Property that are the Owned Claims any conveyance by the Owner of the Property shall include a provision requiring the transferee to pay the Base Metal Royalty and the Precious Metal Royalty on the Owned Claims. It is the intention of the Parties that to the extent permissible at law, both the Base Metal Royalty and the Precious Metal Royalty on the Owned Claims and the Mining Leases shall be registerable or otherwise recordable in all public places where interests in a royalty are recordable and the Owner shall execute and deliver such further documents as may be necessary for the timely and effective recording or registration of a caution, notice or caveat in respect of the Base Metal Royalty and the Precious Metal Royalty on the Owned Claims and the Mining Leases created by this Agreement, in such public places (the “Royalty Notice Documents”).
