Common use of Agreed Acts Clause in Contracts

Agreed Acts. 7.1 The Parties consent to the grant of the following in the ILUA Area: (a) Prospecting Permits with a Level 2 Environmental Authority if required under the EPA; (b) Mineral Development Licences with a Level 2 Environmental Authority; (c) Mining Claims with a Level 2 Environmental Authority; and (d) Mining Leases with a Level 2 Environmental Authority, to a Grantee Party. 7.2 If the NTPCs are a condition of the grant of an Exploration Permit with a Level 2 Environmental Authority the Parties consent to the grant of an Exploration Permit to a Grantee Party. 7.3 The Parties consent to the grant of Ancillary Rights relevant to a Mining Tenement the grant of which was consented to under this Agreement. 7.4 The Parties consent to the renewal of the Mining Tenements the grant of which was consented to under this Agreement, over the same or smaller area as the grant at the time of renewal, on the same terms and conditions as the grant at the time of renewal and for the same or shorter term as the grant at the time of renewal, if the Grantee Party has complied with its obligations under clause 12. For the avoidance of doubt, if a Mining Tenement is renewed pursuant to this clause 7.4, this clause 7.4 will also apply to any subsequent renewals of the grant of the renewed Mining Tenement.