Examples of Additional Lands in a sentence
Any such relocation, amendment or abandonment shall be made by TRC as agent for and in the name of Owner, except to the extent such mining claims are part of the Additional Lands included in this Agreement pursuant to Section 1.2 and such claims are owned by a third party.
If TRC, in its sole and absolute discretion, elects to apply for such a patent, application shall be made in Owner's name (unless the mining claims are Additional Lands owned by a third party).
In the event that Owner or its affiliates (including, but not limited to, any person or entity controlling or under common control with Owner) acquires (whether by staking, leasing, purchase or otherwise) any Additional Lands within the Area of Interest during the term of this Agreement, Owner shall give written notice to Sterling of the acquisition, which notice shall include a true and complete copy of all Acquisition Documents and data relating to the Additional Lands.
If Sterling timely elects to include the Additional Lands acquired by Owner under this Agreement, then the Additional Lands shall be included in and subject to this Agreement as if the Additional Lands were listed in Exhibit “A” and thereafter shall be part of the Property under this Agreement.
Sterling may elect, by written notice to Owner within sixty (60) days following receipt of Owner’s notice, whether to include the Additional Lands under this Agreement.