Common use of Owner of Property Clause in Contracts

Owner of Property. The Corporation and the Subsidiaries are the absolute legal and beneficial owner of, and have good and marketable title to, all of the interest in and to the material property or assets thereof as described in the Corporation's pubic disclosure, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever, other than those described in the Corporation's pubic disclosure, and no other property rights are necessary for the conduct of the business of the Corporation or any Subsidiary as currently conducted or contemplated to be conducted, none of the Corporation or any Subsidiary knows of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights and, except as disclosed in the Corporation's pubic disclosure, none of the Corporation or any Subsidiary has any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof;

Owner of Property. The Each of the Corporation and the Subsidiaries are Subsidiary, as applicable, is the absolute legal and beneficial owner of, and have has good and marketable title to, to or a valid leasehold interest in the Copperstone Project and all of the interest in and to the its other material property properties or assets thereof as described in the Corporation's pubic disclosureDisclosure Documents, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever, other than those described in the Corporation's pubic disclosureDisclosure Documents, and no other material property rights are necessary for the conduct of the business of the Corporation or any Subsidiary the Subsidiary, as currently conducted or contemplated to be conducted, none of ; neither the Corporation or any nor the Subsidiary knows of any material claim or the basis for any material claim that might or could reasonably be expected to adversely affect the right thereof to use, transfer or otherwise exploit such property rights andrights, except as disclosed in the Corporation's pubic disclosure, none of Disclosure Documents; and neither the Corporation or any nor the Subsidiary has any current responsibility or obligation to pay any outstanding material commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof;thereof except pursuant to applicable legislation or as has been disclosed in the Disclosure Documents.