Relinquishment Event definition

Relinquishment Event has the meaning set forth in section 2.7;

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Relinquishment Event has the meaning set out in Section 13(b).

Relinquishment Event has the meaning given in Section 17(c);

Examples of Relinquishment Event in a sentence

If the Holder does not forward the said written notice to the Owner within the said 10-day period, then the Owner or the Affiliate of the Owner shall have the right to complete the Relinquishment Event with respect to the applicable Released Properties.
If a Relinquishment Event is completed and thereafter, the Owner or any Affiliate of the Owner subsequently reacquires a direct or indirect beneficial interest in the Released Properties then such Released Properties will once again be subject to the obligation to pay the FCF Royalty pursuant to this Agreement with respect thereto.
For greater certainty, a Relinquishment Event (as defined below) does not constitute a Transfer and is not subject to Article 4.
If a Relinquishment Event is completed and thereafter, the Owners or any Affiliate of the Owners or any person related to the Owners subsequently reacquires a direct or indirect beneficial interest in the Released Claims then such Released Claims will once again be subject to the obligation to pay the Royalty with respect thereto.
If a Relinquishment Event is completed, and within five years thereafter, the Optionee or any Affiliate of the Optionee subsequently reacquires a direct or indirect beneficial interest in the Released Property, then such Released Property will once again be subject to the obligation to pay the NSR Royalty with respect thereto.
For greater certainty, a Relinquishment Event (as defined below) does not constitute a Transfer and is not subject to Article 6.
If MASA or its Affiliates wish to abandon, relinquish or terminate or not renew (the “Relinquishment Event”) all or any portion of the Aurizona Project Property (being the “Released Property”), then the Royalty Payor shall provide the Royalty Holder with a minimum of 30 days’ prior written notice of such intended Relinquishment Event.
For certainty, the Royalty Holder agrees that no future Royalty shall be payable by the Company in respect of any Product extracted or processed (or both) from a part of the Gruvberget Project after a Mineral Right comprising that part of the Gruvberget Project is transferred to the Royalty Holder or subject to a Relinquishment Event, in either case, under and in accordance with this Section 17.
If a Relinquishment Event is completed and thereafter, the Royalty Payor or an Affiliate thereof or any person related thereto subsequently reacquires a direct or indirect beneficial interest in the Released Property, then such Released Property will once again be subject to the Royalty Payor’s obligation to pay the Royalty with respect thereto.
If the Royalty Holder does not forward the said written notice to the Owner within the said 10 day period, then the Owner or the affiliate of the Owner or the person related thereto shall have the right to complete the Relinquishment Event with respect to the applicable Released Property.

More Definitions of Relinquishment Event

Relinquishment Event has the meaning set forth in section 2.7; “Royalty” means 2.0% of Net Smelter Returns;

Relinquishment Event has the meaning set out in Section 15(b). (ccc) “Repurchase” has the meaning set out in Section 5(a). (ddd) “Repurchase Closing Date” has the meaning set out in Section 5(b).

Relinquishment Event has the meaning given to that term in the FCF Royalty Agreement.