Common use of Offsite Operations Clause in Contracts

Offsite Operations. Operations conducted by Lessee off the Properties shall be included in determining whether the applicable requirements of Continuous Operations have been met if they are conducted in connection with an integrated mining operation involving the Properties and other properties in which Lessee holds an interest, provided that, during any period of three (3) Lease Years, at least fifty percent (50%) percent of the ores, tar sands, or feed stock of whatever nature mined or otherwise extracted from or in the integrated mining operation comes from the Properties.

Appears in 3 contracts

Samples: Mining and Mineral Lease Agreement (Petroteq Energy Inc.), Mining and Mineral Lease Agreement (Petroteq Energy Inc.), Mining and Mineral Lease Agreement (Petroteq Energy Inc.)

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Offsite Operations. Operations conducted by Lessee off the Properties shall be included in determining whether the applicable requirements of Continuous Operations have been met if they are conducted in connection with an integrated mining operation involving the Properties and other properties in which Lessee holds an interest, provided that, during any period of three (3) Lease Years, at least fifty percent (50%) percent of the ores, tar sands, or feed fee stock of whatever nature mined or otherwise extracted from or in the integrated mining operation comes from the Properties.

Appears in 2 contracts

Samples: Mining and Mineral Lease Agreement (Petroteq Energy Inc.), Mining & Mineral Lease Agreement (Petroteq Energy Inc.)

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Offsite Operations. Operations conducted by Lessee off the Properties shall be included in determining whether the applicable requirements of Continuous Operations have been met if they are conducted in connection with an integrated mining operation involving the Properties and other properties in which Lessee β€˜holds an interest, provided that, during any period of three (3) Lease Years, at least fifty percent (50%) percent of the ores, tar sands, or feed fee stock of whatever nature mined or otherwise extracted from or in the integrated mining operation comes from the Properties.

Appears in 1 contract

Samples: Mining and Mineral Lease Agreement (Petroteq Energy Inc.)

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