Vertical Sidelines Sample Clauses

Vertical Sidelines. Owner and Miranda agree that the boundaries of the Property shall be defined by intersecting vertical planes drawn through the exterior boundaries of the Property and each of Owner and Miranda waives any extralateral rights in any veins, lodes or ledges, the top or apexes of which lie inside the surface boundaries of the lode mining claims comprising such party's respective group of mining claims, to the extent such veins, lodes or ledges extend downward outside the vertical sidelines of such surface boundaries. The foregoing agreement and waiver shall not apply to lode mining claims owned by third parties which abut or are near the exterior boundaries of parties= respective mining claim groups unless the third party owner of such mining claim executes and delivers a written agreement and waiver on the terms provided in this Section. The foregoing agreement and waiver shall be null and void as to extralateral rights appurtenant to such lode mining claims comprising the Property as abut or are near the lode mining claims with respect to which the owner of such abutting or nearby lode mining claims has not agreed to vertical boundaries and to waive extralateral rights extending into the Property. The parties acknowledge that Owner owns lode mining claims ("other claims") in the vicinity of but outside the boundaries of the Property. Owner as owner of the Property and as owner of such other claims agrees that the Property shall have vertical sidelines insofar as extralateral rights appurtenant to both the Property and such other claims are concerned and Owner waives extralateral rights with respect to the Property and with respect to such other claims insofar and only insofar as is necessary to effectuate such vertical sidelines for the property.
Sample 1
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Related to Vertical Sidelines

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