Nature of Government Interest Sample Clauses

Nature of Government Interest. In satisfaction of the requirements of section 43 of the Minerals and Mining Act, Act 703, or of any other Law that reserves for the Government a ten per cent (10%) free carried, fixed, non-equity interest in the Operations of Golden Ridge (in respect of which financial contribution shall not be paid by the Government), the Government shall receive and Golden Ridge shall make the following payments: (a) a sum equal to 1/9th of the total amount paid as dividends to the shareholders of Golden Ridge on each occasion when dividends are distributed by Golden Ridge, less any advance payments made pursuant to Section 6.2 below; and (b) any guaranteed annual advance payments made pursuant to Section 6.2 below. For the avoidance of doubt, the Parties affirm that the interest provided to the Government and described above is a non-equity interest in Golden Ridge Operations.
Sample 1
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Nature of Government Interest. In satisfaction of the requirements of section 43 of the Minerals and Mining Act, Act 703, or of any other Law that reserves for the Government a ten per cent (10%) free carried, fixed, non-equity interest in NGGL Operations (in respect of which financial contribution shall not be paid by the Government), the Government shall receive and NGGL shall make the following payments: (a) a sum equal to 1/9th of the total amount paid as dividends to the shareholders of NGGL on each occasion when dividends are distributed by NGGL, less any advance payments made pursuant to Section 6.2 below; and (b) any guaranteed annual advance payments made pursuant to Section 6.2 below. For the avoidance of doubt, the Parties affirm that the interest provided to the Government and described above is a non-equity interest in NGGL Operations.
Sample 1

Related to Nature of Government Interest

  • Level of Government Regional

  • LOAN OF GOVERNMENT PROPERTY The parties shall enter into a NASA Form 893, Loan of NASA Equipment, for NASA equipment loaned to Partner.

  • Performance of Government Functions Nothing contained in this contract shall be deemed or construed so as to in any way estop, limit, or impair the City from exercising or performing any regulatory, policing, legislative, governmental, or other powers or functions.

  • Notification of Government Investigation or Legal Proceeding Provider shall notify OIG, in writing, of any ongoing investigation or legal proceeding by a governmental entity or its agents involving an allegation that Provider has committed a crime or has engaged in fraudulent activities, within 30 days of Provider receiving notice of such investigation or legal proceeding. This notification shall include a description of the allegation(s), the identity of the investigating or prosecuting agency, and the status of such investigation or legal proceeding. Within 30 days after resolution of the matter, Provider shall notify OIG, in writing, of the resolution of the investigation or legal proceeding.

  • Notice of Governing Law This award of Restricted Stock Units shall be governed by, and construed in accordance with, the laws of the State of California, without regard to principles of conflict of laws.

  • Controlled Government Data The Disclosing Party's Controlled Government Data, if any, will be identified in a separate technical document.

  • No Waiver of Governmental Immunity Nothing in this Agreement shall be construed to waive, limit, or otherwise modify any governmental immunity that may be available by law to the Town, its officials, employees, contractors, or agents, or any other person acting on behalf of the Town and, in particular, governmental immunity afforded or available pursuant to the Colorado Governmental Immunity Act, Title 24, Article 10 of the Colorado Revised Statutes.

  • Compliance with Government Regulations The Company covenants that if any share of Common Stock required to be reserved for purposes of exercise or conversion of Warrants require, under any federal or state law or applicable governing rule or regulation of any national securities exchange, registration with or approval of any governmental authority, or listing on any such national securities exchange, before such shares may be issued upon exercise, the Company will use its commercially reasonable efforts to cause such shares to be duly registered, approved or listed on the relevant national securities exchange, as the case may be.

  • No Governmental Prohibition No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted, entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality which prohibits the consummation of the transactions contemplated hereby.

  • No Government Obligors None of the Receivables is due from the United States or any state or local government, or from any agency, department or instrumentality of the United States or any state or local government.

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