Sub-Area Sample Clauses

Sub-Area. Development of a Potential Storage Site by less than all Parties will in respect of the area comprised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 10.1 (a) provided that (a) forfeiture upon default under Section 12.3.3 with respect to operations shall mean forfeiture of the Defaulting Party’s Percentage Interest in the entire Licence Area, subject to the following provisions: (i) The Non Defaulting Parties who are also Sole Risk Participants for any particular sole risk operation shall have the right to acquire the Defaulting Party’s Percentage Interest in the sole risk operation and relevant property and Sub-Area, subject to the provisions of Section 12.3 as applied mutatis mutandis to such sole risk operation, property or Sub-Area, and (ii) All Non Defaulting Parties shall have the right to acquire the Defaulting Party’s Percentage Interest in the remainder of the Licence area, subject to the provisions of Section 12.3; (b) the Sole Risk Participants shall have a right of access to the Sub-Area; and (c) there shall be no separate right of assignment or withdrawal and accordingly Article 10 shall not apply independently to such separate contract. Non-participating Parties shall be indemnified by participating Parties in the manner described in Section 8.4.1.
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Related to Sub-Area

  • Alpine Areas As of 1 October 2020 the Employer shall pay an Alpine disability allowance of $3.85 worked on Projects in alpine areas. These allowances will be adjusted annually in accordance with CPI (All Groups, Melbourne) movements measured in the twelve month period ending the previous December quarter effective as of 1 March 2021, rounded to the nearest 5 cents.

  • Basement Any leaks or evidence of moisture? Yes No Unknown Does Not Apply Comments:

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • Parking Area Developer shall provide a parking area for ADOT for at least 100 vehicles 27 (85 staff/15 visitors). The parking area must be reasonably level (all-weather surface and 28 all-weather access). The parking area must include an additional lockable fenced 29 parking area to accommodate 25 ADOT vehicles.

  • Porcupine Site Highway 11 and the City of Timmins Thunder Bay and District Toronto/York-Peel

  • Rentable Area 6.1. The term “Rentable Area” shall reflect such areas as reasonably calculated by Landlord’s architect, as the same may be reasonably adjusted from time to time by Landlord in consultation with Landlord’s architect to reflect changes to the Premises, the Building or the Project, as applicable.

  • Area The sphere of operation shall be England, Wales and Northern Ireland.

  • Subleased Premises Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Elevation Elevation is defined as restoring an employee to the higher classification, with permanent status, which was held prior to being granted a demotion or to a class that is between the current class and the class from which the employee was demoted. Upon elevation, an employee’s salary will be determined in the same manner that is provided for promotion in Section 43.5, above.

  • Ownership of the Leased Property Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

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