No Covenants. Employee hereby represents and warrants that he or she is not subject to or bound by any employment contract, restrictive covenant or other agreement or any order or decree that prevents him or her from entering into this Agreement or from performing his or her responsibilities as contemplated by this Agreement.
No Covenants. The parties agree that in no event shall Payor have any duty or obligation, express or implied, to explore for, develop, mine or produce ores, minerals or mineral substances from the Claims, and the timing, manner, method and amounts of such exploration, development, mining or production, if any, shall be in the sole discretion of Payor. Payee acknowledges that the C-5 <PAGE> expenditures made by Payor to advance activities on the Claims and the right to the Production Royalty are sufficient consideration for the conversion of its Participating Interest. None of the provisions of this Section 10 or any other provision of this Exhibit C shall be deemed to limit or restrict Payor's ability to sell or otherwise convey or transfer to any third party all or any portion of Payor's interest in the Claims.
No Covenants. To Seller’s Knowledge, the Land is not subject to any restrictive covenants except those filed in the office of the County Recorder/Registrar where the Land is located.
No Covenants. The parties agree that in no event shall Grantor have a duty or obligation, express or implied, to explore for, develop, mine or produce ores, minerals or mineral substances from the Property, and the timing, manner, method and amounts of such exploration, development, mining or production, if any, shall be in the sole discretion of Grantor.
No Covenants. The covenants in the Debenture are limited and are not designed to protect the holders of Debentures in the event of a material adverse change in the Corporation’s financial condition, results of operations, or if the Corporation is not successful in effecting its business plan or finding an investor who will invest in the Corporation and whom the Corporation may use to repay the Debentures. The Debentures provide for the payment of interest only at maturity and investors in the Debentures will not have the benefit of amortized principal payments or any sinking fund payments by the Corporation. Further, there is no interest reserve, and as such, the Corporation is not setting aside in a separate fund the capital to make such interest payments, which may result in its inability to make such payments.
No Covenants. The parties agree that the Rollover Interests are fully vested, earned, and non-forfeitable, and are not subject to any terms or conditions except as otherwise set forth in this Agreement and the Merger Agreement.
No Covenants. The parties agree that in no event shall Buyer have a duty or obligation, express or implied, to explore for, develop, mine or produce ores, minerals or mineral substances from the Gold Bar North Property, and the timing, manner, method and amounts of such exploration, development, mining or production, if any, shall be in the sole discretion of Buyer.
No Covenants. Seller acknowledges, understands and agrees that, after the Closing: (i) the Business will be operated in a manner consistent with Exhibit H hereto (the “Operating Model”); and (ii) except as specifically set forth on the Operating Model, none of Buyer, any of its Affiliates or any of their respective Representatives shall have any other obligation to operate the Business in any particular manner so as to meet the requirements for the Earn-Out Payments as set forth herein.
No Covenants. The Parties agree that in no event, whether arising from Buyer's agreement to pay a portion of the Purchase Price to Seller based upon a percentage of the Net Value of Products mined, removed and sold from the Property or otherwise, shall Buyer or Minera Chanate have any duty or obligation, express or implied, to explore for, develop, mine or produce ores, minerals or Products from the Property, and the timing, manner, method and amounts of such exploration, development, mining or production, if any, shall be in the sole discretion of Buyer or Minera Chanate. SCHEDULE 1.1.2(b)(ii) Net Profits Calculation
No Covenants. The parties agree that in no event, whether arising from Buyer's agreement to pay a portion of the Purchase Price to Seller from ten percent (10%) of Net Profits or otherwise, shall Minera Chanate or Buyer have any duty or obligation, express or implied, to explore for, develop, mine or produce ores, minerals or Products from the Property, and the timing, manner, method and amounts of such exploration, development, mining or production, if any, shall be in the sole discretion of Minera Chanate or Buyer.
