Mineral Disposition definition

Mineral Disposition means any rights granted by the Fee Simple Mineral Owner under a lease or any other instrument pursuant to which any Person has obtained the right to explore for, drill for, produce or otherwise extract any Mineral, and includes any right to a share or interest in the proceeds of the production of any Minerals, whether those rights have been granted by the Fee Simple Mineral Owner or not, and any right to compensation pursuant to sections 23 and 23.1 of The Crown Minerals Act, S.S. 1984-85- 86, c. C-50.2, provided that any of such rights were in force immediately prior to the Purchase of Land or, thereafter, at any time prior to the transfer of Entitlement Land to Canada, but shall be deemed to exclude Third Party Interests and any security interest, mortgage or similar financing arrangements and to also exclude those beneficial interests in Minerals referred to in subsection 5.04(c)(iii) of this Agreement;
Sample 1Sample 2Sample 3
Mineral Disposition means any rights granted by the Fee Simple Mineral Owner under a lease or any other instrument pursuant to which any Person has obtained the right to explore for, drill for, produce or otherwise extract any Mineral, and includes any right to a share or interest in the proceeds of the production of any Minerals, whether those rights have been granted by the Fee Simple Mineral Owner or not, and any right to compensation pursuant to sections 23 and 23.1 of
Sample 1Sample 2Sample 3
Mineral Disposition means a “mining claim” or “mineral lease” as defined in The Mines and Minerals Act, but does not include a “quarry lease” or “quarry permit” as defined in The Mines and Minerals Act;
Sample 1Sample 2Sample 3

Examples of Mineral Disposition in a sentence

  • In such an event, Canada, agrees to take all necessary steps to create a new Replacement Mineral Disposition and thereafter the obligations of Canada, as outlined under subsections 5.08(a) and (b), shall thereafter continue in respect of the new Replacement Mineral Disposition.


More Definitions of Mineral Disposition

Mineral Disposition means a claim, mineral exploration license or a quarry permit.
Sample 1Sample 2
Mineral Disposition means a claim, a mineral exploration licence or a quarry permit; (« aliénation minière »)
Sample 1
Mineral Disposition means any rights granted by the Fee Simple Mineral Owner, as that term is defined in the TLE Settlement Agreement, under a lease or any other instrument pursuant to which any Person has obtained the right to explore for, drill for, produce or otherwise extract any Mineral, and includes any right to a share or interest in the proceeds of the production of any Mineral, whether those rights have been granted by the Fee Simple Minerals Owner or not, and any right to compensation pursuant to sections 23 and 23.1 of The Crown Minerals Act, SS 1984-85-86, c C-50.2, provided that any of such rights were in force immediately prior to the Purchase of Land or, thereafter, at any time prior to the transfer of Purchased Land to Canada, but shall be deemed to exclude Third Party Interests and any security interest, mortgage or similar financing arrangements and to also exclude those beneficial interests in Minerals referred to in subsection 5.04(c)iii of the TLE Settlement Agreement;
Sample 1

Related to Mineral Disposition

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Specified Disposition means any disposition of all or substantially all of the assets or Equity Interests of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Permitted Disposition means any of the following:

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Asset Sale means the sale, conveyance, transfer, lease or other disposition, whether in a single transaction or a series of related transactions (including, without limitation, dispositions pursuant to Sale/Leaseback Transactions or pursuant to the merger of the Company or any of its Restricted Subsidiaries with or into any person other than the Company or one of its Restricted Subsidiaries), by the Company or one of its Restricted Subsidiaries to any Person other than the Company or one of its Restricted Subsidiaries of:

  • Noncash proceeds means proceeds other than cash proceeds.