Earn-in Agreement definition
Examples of Earn-in Agreement in a sentence
Each Participant represents and warrants to the other that, since the Effective Date of the Earn-in Agreement (as defined therein), it has not created nor allowed to continue any Encumbrance of its interest in the Properties or has knowledge of any Encumbrance of the Properties arising between the Effective Date of the Earn-in Agreement and the Effective Date hereof.
This Earn-in Agreement shall be binding upon and inure to the benefit of the respective successors and permitted assigns of the Parties.
The remaining portions of this Earn-in Agreement shall not be affected and it shall be construed and enforced as if it did not contain that term, part or provision.
The Borrower shall not terminate, assign to a third party, or change the Exploration and Earn-in Agreement.
Any right or option to acquire any interest in real or personal property under this Earn-in Agreement must be exercised, if at all, so as to vest such interest within twenty-one (21) years after the Effective Date.