New Order Rights definition

New Order Rights the Mining Rights into which the Old Order Rights shall be converted
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New Order Rights means the Old Order Rights which are converted into Mining Rights pursuant to the Transitional Arrangements contemplated by Schedule II of the MPRD Act;
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New Order Rights means the New Order Mining Right and the New Order Prospecting Right;
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Examples of New Order Rights in a sentence

  • In order to reclaim at least some of the people’s mineral assets that were recklessly given away, our President needs to establish a Presidential Mineral Rights Audit Commission to carry out a forensic audit on the granting of all New Order Rights, to report to him within six months of establishment.

  • The transition period for the conversion of Old Order mining Rights into New Order Rights expired on 30 April 2009.

  • The Minister, in her discretion, for the purposes of issuing prospecting rights, mining rights and the conversion of Old Order Rights into New Order Rights may require compliance with the Mining Charter as amended by the 2010 Charter.

  • In terms of the transitional provisions contained in schedule 2 to the MPRDA, holders of mining authorisations in terms of the Minerals Act (known in terms of the MPRDA as the " Old Order Rights") could apply for the conversion of the Old Order Rights into new rights ("New Order Rights") introduced by the MPRDA.

  • Aquarius Platinum (SA) (PTY) LTD’s, March 2007: Application for the conversion of Old Order Mining Rights to New Order Rights at Everest Platinum Mine.

  • All applications for conversion have been accepted and the execution of the New Order Rights are either in place or are approved and/or in progress.

  • The mining licences represent Old Order Rights in terms of the Mineral and Petroleum Resources Development Act (MPRDA) of South Africa, which have to be converted to New Order Rights.

Related to New Order Rights

  • Final Approval Order and Judgment means the order in which the Court certifies the Settlement Class, grants final approval of this Settlement Agreement, authorizes the entry of a final judgment, and dismisses the Action with prejudice.

  • Order Schedule means MSC’s form Order Schedule or any other mutually agreed upon order schedule which references this Agreement (by citing the MSC Agreement Number above or otherwise) and sets forth, among other things, the Software, Maintenance and/or Services to be provided by MSC to Customer hereunder and the fees to be paid by Customer.

  • Country Limitation Schedule means the schedule published from time to time by Ex-Im Bank setting forth on a country by country basis whether and under what conditions Ex-Im Bank will provide coverage for the financing of export transactions to countries listed therein.

  • Final Approval Order means the entry of the order and final judgment approving the Settlement Agreement, implementing the terms of this Settlement Agreement, and dismissing the Class Action with prejudice, to be proposed by the Settling Parties for approval by the Court, in substantially the form attached as Exhibit D hereto.

  • Order Book means the trading system or platform operated by BSEF in which all market participants in the trading system or platform have the ability to enter multiple bids and offers, observe or receive bids and offers entered by other market participants, and transact on such bids and offers. A Participant must indicate if a bid or offer posted on an Order Book is firm or indicative.

  • Reverse Sequential Order means (a) first, to the reduction of the Note Principal Balance of each B Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero; and (b) second, to the reduction of the Note Principal Balance of each of A Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero.

  • Delivery Schedule means the schedule for the delivery of Services as set forth in attached Annex 3.

  • Schematic Design Documents means drawings prepared by the Trade Contractor that illustrate the scale and relationship of the various Trade Contractor Work components and which also contain square footage and volume calculations for the building interior spaces, building exterior spaces, and major architectural and interior finishes.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Specification Schedule means the Schedule containing details of the Specification.

  • Service Level Agreement (SLA means the Contractual Commitment that prevails between the Buyer and the Service Provider with regard to type of service to be provided, deliverables, desired performance level, reliability and responsiveness, monitoring process and service level reporting, response and issue resolution time-frame, repercussions / penalties / remedies for service provider not meeting its commitment. The SLA of a particular contract may carry the matrix regarding the delivery of the goods and/or services and the corresponding penalties or remedies and liquidated damages as applicable.

  • Change Order Request means a written request or proposal for a Change Order submitted by either Company or Contractor and including:

  • CREFC® Assumption Modification Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Assumption Modification Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Purchase Order Number means the Customer’s unique number relating to the supply of the Services;

  • Initial Order means, collectively, in respect of the Bloom Lake CCAA Parties, the Bloom Lake Initial Order, and in respect of the Wabush CCAA Parties, the Wabush Initial Order;