Acquisition Lands definition

Acquisition Lands means those lands as set out in Schedule "A" of the Acquisition Agreement;
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Acquisition Lands means those lands as set out in the attached Schedule "A", which are offered for mining purposes only. It is understood that ownership of the title to it does not include ownership of the surface rights or the right to use the surface for residential or recreational purposes;
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Examples of Acquisition Lands in a sentence

  • Payments on account of the Net Smelter Returns Royalty shall be made by the Owner monthly on or before the first day of each calendar month following the month in which settlement is made by smelter or other purchaser of ores, concentrates or other products and minerals produced from the Acquisition Lands, and each such payment shall be accompanied by a complete copy of settlement schedules received from the said smelter or other purchaser.

  • Should BUYER fail to remedy the default within the 60 day period, BUYER shall forfeit any rights it has to the Acquisition Lands and this Agreement shall be terminated.

  • It should be further noted within this Agreement that Speebo is not qualified by education or experience to make any judgments on the economic viability of the mining claims or minerals contained there-in, and as such will be held harmless for any information provided both verbal and written, expressed or implied, with regard to the economic, technical, or geological aspects of the Acquisition Lands.

  • Each of the Province and the Concessionaire shall be responsible for the costs and expenses of acquiring each parcel of Acquisition Lands, or Rights in respect of each parcel of Acquisition Lands, as set out in Part 3 of Schedule 4 [Acquisition Lands and Acquisition Dates] as being their respective responsibility.

  • BUYER shall grant to Speebo a 2.0% net smelter royalty on all production from the Acquisition Lands, in accordance with the terms and conditions set out in Schedule "B" hereto.

  • BUYER agrees to expend up to one million five hundred thousand Dollars ($1,500,000 CDN) over three years as exploration expenditures (the “Exploration Program”), exclusive of tax thereon, on the Acquisition Lands, with the first year to be a minimum of $250,000 CDN.

  • Upon completion of the Exploration Program, BUYER shall have earned 100% of Speebo's undivided interest in the Acquisition Lands, subject to the net smelter royalties described in section 6 herein (the "Earned Interest").

  • Such drawings will be revised as appropriate to reflect the actual boundaries of the Acquisition Lands as they are acquired in accordance with Section 8.1.2. The Parties will use their reasonable efforts to agree on any such revision and, if they are unable to reach agreement within 90 days of the date of acquisition of the relevant Acquisition Lands, then either the Concessionaire or the Province may refer the Dispute for resolution under the Disputes Resolution Procedure.

  • These Acquisition Lands will be included in the AMI and shall be subject to this Agreement.

  • Should Enterayon fail to remedy the default within the 60 day period, Enterayon shall forfeit any rights it has to the Acquisition Lands and this Agreement shall be terminated.

Related to Acquisition Lands

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Transformative Acquisition means any acquisition or Investment by the Borrower or any Restricted Subsidiary that is either (a) not permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment or (b) if permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment, would not provide the Borrower and its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith.