Underlying Interests Sample Clauses

Underlying Interests. The Vendor warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Property.

Underlying Interests. 6.1 The Optionors warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Property.

Underlying Interests. 6.1 The Optionors warrants that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Lennac Lake Property.

Underlying Interests. 7.1 The Optionors warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Coastal Copper Property.

Underlying Interests. 6.1 The Optionors warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Golden Lode Project.

Underlying Interests. 6.1 The Optionors warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Hi-Mars Property.

Underlying Interests. (1) The provisions of this Section 4(c) shall govern the custody of the Underlying Interests and, to the extent there is a conflict between such provisions and the provisions of any other section of this Agreement with respect to Underlying Interests, the terms of this Section 4(c) shall control. (2) The Underlying Interests are beneficially owned by the applicable Fund and not the Custodian and shall be deposited and/or held in an account or accounts maintained by a transfer agent, registrar, recordkeeper, general partner, corporate secretary or other relevant third party (each a “Transfer Agent”) pursuant to Instructions to the Custodian. The Custodian has no liability for the payment for any obligations or liabilities related to the Underlying Interests. The Fund and the Custodian agree that the Custodian’s only responsibilities in connection with Underlying Interests shall be limited to the following: (i) Upon receipt of a confirmation or statement from a Transfer Agent that such Transfer Agent is holding or maintaining Underlying Interests in the name of the Custodian (or a nominee of the Custodian) for the benefit of the Fund, the Custodian shall (A) mark such holdings on its books and records and (B) identify by book-entry that the relevant Underlying Interests are being held by the Custodian as custodian for the benefit of the applicable Fund; (ii) In accordance with Instructions, the Custodian shall (A) pay out monies from Fund Assets for the purchase of Underlying Interests for the account of the Fund and (B) record such purchase on the books and records of the Custodian; (iii) In accordance with Instructions, the Custodian shall (A) transfer Underlying Interests redeemed for the account of the applicable Fund in accordance with such Instructions and (B) record such transfer on the books and records of the Custodian and, upon receipt of related proceeds, record the related payment for the account of the Fund on said books and records; and (iv) Custodian will not be deemed to have received any distribution or other asset of the applicable Fund until that distribution or other asset of the Fund has in fact been received by the Custodian at the address and in the manner directed in the applicable Subscription Agreement.

Underlying Interests. 6.1 The Optionors warrant that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Red Metal Ridge Project.

Underlying Interests. 6.1 The Optionors warrants that no undisclosed underlying royalty interest or such other undisclosed obligation exists on the Boomerang Property.