Tenement Area definition

Tenement Area means the land over which the relevant Tenements have been granted.
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Tenement Area means that part of the International Seabed Area, as may change from time to time, over which TOML has Tenements.
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Tenement Area means that part of the International Seabed Area, as may change from time to time, over which NORI has Tenements. Tenements includes any ISA Contract and any lease, contract, licence, claim or permit issued or to be issued to NORI by the ISA or any other regulatory body which confers or may confer on NORI a right to prospect, explore for, mine and/or process any mineral in the International Seabed Area, or which may facilitate the enjoyment of such right, and includes any application for, and any extension, renewal, conversion or substitution of, any of those tenements, and for the avoidance of doubt includes without limitation any and all ISA Contracts and the rights of access and to enjoy the income and/or product derived thereof.
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Examples of Tenement Area in a sentence

  • If an exploration licence is granted to the Purchaser under the Mining Act over the Additional Tenement Area (“Additional Exploration Licence”), the Purchaser must pay the Additional Payment to the Vendor as the Vendor or the Vendor’ Solicitor may direct by notice in writing within 5 Business Days after the Additional Exploration Licence is granted on account of the Purchase Price.

  • The seafloor minerals contained in the Tenement Area are administered by the ISA and NORI will be required to make payments to the ISA for the right to recover the minerals during Exploitation.

  • It is acknowledged that considerable funds will be required to be expended at risk before any commercial development of the Polymetallic Nodules in the Tenement Area.

  • NORI currently provides capacity building initiatives for Nauruan nationals and proposes to continue to provide such initiatives during the Exploration and The International Seabed Area for the prospective exploration and exploitation is outside the sovereign jurisdiction of the Republic and the Republic does not own the Polymetallic Nodules contained in NORI’s Tenement Area.

  • The Republic is not making any monetary investment in the Exploration and Exploitation activities in the Tenement Area, and accordingly is not exposed to the risk of loss associated with such investment.


More Definitions of Tenement Area

Tenement Area means the land over which the Tenement has been granted or which is covered by the Tenement.
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Tenement Area means the area of all of the Tenements. Tenements means:
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Tenement Area means the area of land the subject of the Tenements from time to time; and
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Related to Tenement Area

  • Easement Area means the area which is hatched on the plan.

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Adjacent area means the area outside the affected area or permit area where air, surface or ground water, fish, wildlife, vegetation or other resources protected by Chapter 1513. of the Revised Code, determined according to the context in which "adjacent area" is used, are or reasonably could be expected to be adversely affected by proposed coal mining and reclamation operations including probable impacts from underground workings. With respect to underground mining operations, "adjacent area" shall include, at a minimum, the surface areas above full coal recovery areas.

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • mining areas means the areas delineated and coloured red on the Plan marked “A” initialled by or on behalf of the parties hereto for the purposes of identification;