Prospecting Rights Clause Samples

The Prospecting Rights clause grants a party the legal authority to search for and evaluate mineral resources or other valuable materials on a specified property. Typically, this clause outlines the geographic area covered, the duration of the rights, and any conditions or limitations on the activities permitted, such as environmental protections or required permits. Its core practical function is to clearly define who may conduct prospecting activities and under what terms, thereby preventing disputes over access and resource exploration.
Prospecting Rights. As at the Effective Date, in relation to the Richtrau Prospecting Rights, RPM warrants to the best of its knowledge and belief and after having made all reasonable enquiries as follows -
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Prospecting Rights. As at the Effective Date, in relation to the material prospecting and/or mining rights held by Platmin (whether directly or indirectly and in the proportions set out in Annexure Cat the Effective Date, comprising G▇▇▇▇▇▇▇▇ and Mphalele (“Mining/Prospecting Rights”), Platmin warrants to the best of its knowledge and belief and after having made all reasonable enquiries -
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Prospecting Rights. Except as provided in Schedule H: (a) PTM RSA was the sole holder of the Prospecting Rights and pursuant to obtaining ministerial consent for the transfer of the Prospecting Rights from PTM RSA to the Company, the Company is the sole registered holder and beneficial owner of each Prospecting Right and each Prospecting Right has been duly lodged at the Mineral and Petroleum Titles Registration Office pursuant to Applicable Law on 26 September 2017; (b) the Prospecting Rights have been properly located and recorded in compliance in all material respects with Applicable Laws and are comprised of valid and subsisting rights; (c) the Prospecting Rights have not been offered as security to any Person nor are they subject to any Encumbrances and burdens of any nature which would in any way limit the ability of the Sellers to enter into this Agreement; (d) no Person, other than the Company has any material interest in the Project or the Prospecting Rights or any right to acquire such interest; (e) there are no earn-in rights, rights of first refusal, royalty rights or similar rights in the Project except as set out in the Shareholders’ Agreement (and the Amended Shareholders’ Agreement); (f) the Company has not received any notice, whether written or oral, from any Government Authority of any revocation or intention to revoke the Company’s interest in the Project or the Prospecting Rights; (g) the Prospecting Rights comprising the Project, as well as all surface and access rights and tenures, are in good standing under Applicable Law, and all work required under Applicable Law to be performed thereon has been performed in all material respects, all filings required to maintain the properties in good standing have been properly and timely recorded or filed with appropriate governmental authorities, and all Taxes, fees, expenditures and other payments in respect thereof have been paid or incurred; (h) to the Sellers’ knowledge, no person other than the Company has any right to prospect, explore or mine any mineral at the Project and no other person has any right that may conflict with or curtail the Company’s rights under the Prospecting Rights or to the Company’s right to conduct its Business; (i) the Company is in full compliance with the material conditions and obligations contained in all the Prospecting Rights, including all black economic empowerment and social development conditions and obligations, and with those sections of the MPRDA and the Charter which a...
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Prospecting Rights 
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Related to Prospecting Rights

  • Existing Rights Termination shall not affect rights and obligations then outstanding under this Agreement which shall continue to be governed by this Agreement until all obligations have been fully performed.

  • Billing Rights Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

  • MANAGEMENT RIGHTS 3.01 The Union acknowledges that all management rights and prerogatives are vested exclusively with the Employer and without limiting the generality of the foregoing; it is the exclusive function of the Employer: (a) To determine and establish standards and procedures for the care, welfare, safety and comfort of the residents in the facility. (b) To maintain order, discipline and efficiency and in connection therewith to establish and enforce reasonable rules and regulations. (c) To hire, transfer, layoff, schedule, recall, promote, demote, classify, assign duties, discharge, suspend or otherwise discipline employees for just cause, provided that a claim of discriminatory transfer, promotion, demotion of classification or a claim that an employee has been discharged or disciplined without just cause, may be the subject of a grievance and dealt with as hereinafter provided. (d) To have the right to plan, direct, and control the work and direction of employees and the operation of the facility. This includes the right to introduce new and improved methods, facilities, equipment and to control the amount of supervision necessary, work schedules, the combining or splitting up of departments, and the increases or reduction of personnel in a particular area or on the whole. 3.02 The Employer will exercise these rights in a manner consistent with the Collective Agreement and apply the provisions of the Collective Agreement in a reasonable manner.

  • Bumping Rights An employee laid off from his/her present class may bump only into the next equal or lower class in which the employee has greater seniority. The employee may continue to bump into such equal or lower classes to avoid layoff.

  • Marketing Rights Neither the Company nor any of its Subsidiaries have granted rights to license, market, or sell its products or services to any other Person and is not bound by any agreement that affects the Company’s (or any Subsidiary’s) exclusive right to develop, distribute, market or sell its products or services.