Other New Mexico Projects Sample Clauses

Other New Mexico Projects. (a) If, at any time between the Effective Date and Xxxxx 00, 0000, XXXXXXXXXX or any of its Affiliates initiates acquisition of any uranium mining site in New Mexico, SUMITOMO or its designated Affiliate shall be given the opportunity to participate in any project for the exploration and potential development and mining of uranium and/or other material within and at such site, at a price representing a pro rata portion of STRATHMORE’s costs for such project (and the same pro rata portion of STRATHMORE’s costs with respect to other projects in New Mexico since the Effective Date which STRATHMORE elected not to pursue) corresponding to SUMITOMO’s or its designated Affiliate’s participation interest. (b) Prior to Xxxxx 00, 0000, XXXXXXXXXX and SUMITOMO shall discuss whether SUMITOMO will include in their respective bi-annual budgets for the 2 year period beginning April 1, 2009 an expenditure to be paid to STRATHMORE representing SUMITOMO’s agreed pro rata portion of STRATHMORE’s anticipated acquisition, exploration and other related expenditures with respect to new uranium mining site projects in New Mexico during such 2 year period. If STRATHMORE and SUMITOMO are able to conclude such agreement, SUMITOMO shall be given the opportunity to participate in each such project at no additional cost to SUMITOMO (as they shall have already compensated STRATHMORE for the agreed pro rata portion of STRATHMORE’s costs for such project) and with SUMITOMO’s participation interest corresponding to their pro rata portion of such costs. The process described in this Section 15.3(b) shall be repeated for each SUMITOMO bi-annual budgetary period following March 31, 2011. (c) If STRATHMORE and SUMITOMO are unable to reach agreement regarding sharing of STRATHMORE’s anticipated acquisition, exploration and other related expenditures with respect to new uranium mining site projects in New Mexico during any SUMITOMO bi-annual budgetary period as provided in Section 15.3(b), such projects shall be deemed Contingent Projects within the State of New Mexico which shall become subject to Section 15.1.
Sample 1
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Related to Other New Mexico Projects

  • Property Generally Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.02 and except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Generating Facility The Interconnection Customer’s device for the production of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • Excavation If an excavation shall be made upon land adjacent to the Leased Premises, or shall be authorized to be made, Tenant shall afford to the person causing or authorized to cause such excavation, license to enter upon the Leased Premises for the purpose of doing such work as said person shall deem necessary to preserve the wall or the building of which the Leased Premises form a part from injury or damage and to support the same by proper foundation, without any claim for damages or indemnity from Landlord, or diminution or abatement of Rent.

  • Drainage Systems (1) Clear culvert inlets, outlets, and sediment catching basins. (2) Maintain waterbars, drainage dips, and other water diversion measures. (3) During active use, patrol and maintain functional drainage. (4) Repair damaged culvert ends.

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Dewatering (a) Where the whole of a site is so affected by surface water following a period of rain that all productive work is suspended by agreement of the Parties, then dewatering shall proceed as above with Employees so engaged being paid at penalty rates as is the case for safety rectification work. This work is typically performed by Employees engaged within CW1, CW2 or CW3 classifications. When other Employees are undertaking productive work in an area or areas not so affected then dewatering will only attract single time rates. (b) Where a part of a site is affected by surface water following a period of rain, thus rendering some areas unsafe for productive work, consistent with the Employer’s obligations under the OH&S Act, appropriate Employees shall assist in the tidying up of their own work site or area if it is so affected. Where required, appropriate Employees will be provided with the appropriate PPE. Such work to be paid at single time rates. Productive work will continue in areas not so affected. (c) To avoid any confusion any ‘dewatering’ time which prevents an Employee from being engaged in their normal productive work is not included in any calculation for the purposes of determining whether an Employee is entitled to go home due to wet weather (refer clauses 32.4 and 32.5)

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Fabrication Making up data or results and recording or reporting them.

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