NPI Agreement definition
Examples of NPI Agreement in a sentence
Twin is the beneficial owner of a 100% interest in the ▇▇▇▇▇▇▇ Inlet Project, subject with respect only to the claims identified on Schedule “D” hereof, to the terms of the Gross Profits Royalty Agreement and the NPI Agreement each made as of the 15th day of December, 2000 between Twin and Helix Resources Inc.
Except in the context of a dispute related to this NPI Agreement, the results of the audit shall not be released, transferred, or disclosed by Owner or its auditor outside of its organization, and Owner will require any independent auditor to sign an appropriate nondisclosure agreement.
Delivery of an executed counterpart of this NPI Agreement (or any other documents related to the transactions contemplated by this NPI Agreement) by facsimile shall be equally effective as delivery of a manually executed counterpart of this NPI Agreement or any such document, and the failure to deliver a manually executed counterpart shall not affect the validity, enforceability or binding effect of this NPI Agreement or any such document.
This NPI Agreement may be executed by Owner and Buyer in any number of counterparts, each of which shall be deemed an original instrument, but all of which together shall constitute but one and the same instrument.
The Company and the Executive further agree that after April 28, 2008 no new Net Profits Interests will be assigned to the Executive under or pursuant to the NPI Agreement outside of the geographical boundaries of any Property (or on lands pooled therewith) which was subject to a Net Profits Interest grant prior to April 28, 2008.