Joint Venture Operator. The Optionee, being the Party with the larger initial Participating Interest, will be the initial operator under the Joint Venture Agreement.
Appears in 5 contracts
Samples: Option Agreement (Tournigan Gold Corp), Option Agreement (Soltera Mining Corp.), Option Agreement (Tournigan Gold Corp)
Joint Venture Operator. The Optionee, being the Party with the larger initial Participating Interest, will be the initial operator under the Joint Venture AgreementAgreement Terms, and will remain the operator only so long as it maintains at least a 50% interest in the Property.
Appears in 2 contracts
Samples: Property Option Agreement, Property Option Agreement
