Examples of NSR Agreement in a sentence
The one-time Repurchase Option is only exercisable prior to the fifth anniversary of the NSR Agreement.
This NSR Agreement may be executed in any number of counterparts and by the different Parties hereto on separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts together will constitute one and the same instrument.
No implied covenants or conditions whatsoever will be read into this NSR Agreement, including without limitation any covenants or conditions relating to exploration, development, prospecting, mining, production or sale of Products, except for the covenants of good faith and fair dealing.
Under the terms of the NSR Agreement, 75% of the cash proceeds are to be used by the Company to complete the work required to advance the Turnagain Project through to Pre-feasibility and for exploration at Turnagain.
Upon request by the Royalty Holder, the Company will record this NSR Agreement, or evidence of its existence, in the appropriate mining registry, if allowable under applicable laws.
Amended NSR Agreement During 2016, the Company issued 15,000,000 common shares at $0.05 under an amended agreement with arm’s length third parties that hold a NSR related to the Company’s interest in the Treaty Creek property located in NW British Columbia.
The remaining obligations related to the Concession Agreements and NSR Agreement, are recorded at the discounted amount based on estimated timing of payment and are being accreted to the principal amount over the estimated term using the effective interest method with an effective average interest rate of 5%.
Within one year of the signing (July 11, 2018) of the NSR Agreement, Cobalt 27 has the right to appoint one member to the Company’s board of directors.
This NSR Agreement may be executed in any number of counterparts and delivered by regular post, courier or electronic mail by the parties hereto, each of which when so executed and delivered shall be an original, but all such counterparts together shall constitute one and the same instrument.
It is intended that all provisions of this NSR Agreement shall run with the Property and the respective interests of the Company and the Royalty Holder therein and shall be binding upon and inure to the benefit of the Royalty Holder and their respective successors and assigns.