BOUNDARY INTERESTS Sample Clauses

BOUNDARY INTERESTS. If any mining interests are located or acquired by Lessor, within the Cyprus J.V. area of influence as designated by the Cyprus J.V., or are adjudged to be owned by Lessor by a court of competent jurisdiction, prior to the expiration of this Agreement, Lessor forthwith shall notify Lessee in writing, describing each such Boundary Interest. With respect to any other interests owned, located or acquired by Lessor, within the J.V. area of influence, limited to the Petsite, Eagle and Golden Eagle mining claim blocks, Lessee shall have the right at its option to elect to have any or all of these Interests made apart of the Claims as though specifically described in the description of the claims in this Agreement. Any Boundary Interests included within this Agreement shall be subject to the right of the Lessee to explore, develop and mine the same. If Lessee elects to have any Boundary Interests made a part of the Claims hereunder, it shall mail or deliver to Lessor, within sixty (60) days after receipt of each such notice from Lessor, written notice of such election. Lessee's election shall be effective upon mailing, or delivering, the above notice to Lessor. Any additional undivided interest in the Claims originally subject to this Agreement acquired by Lessor shall become subject to all terms and conditions of this Agreement upon the giving by Lessee of the above-described notice of election. Lessee shall have no obligations to Lessor or others concerning any other Boundary Interests, except to perform annual assessment work or pay fees, in the manner set forth hereunder, on all unpatented mining claims wholly owned by Lessor within the Boundary Interests which Lessee elects to include as part of the Claims, all subject to the hereafter provisions concerning assessment work.
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BOUNDARY INTERESTS. For all purposes of this Agreement, the term “
Sample 1

Related to BOUNDARY INTERESTS

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Real Property Interests Except for the ownership, leasehold or other interests set forth in the Information Certificate, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property.

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Ownership Interests The Borrower owns no interest in any Person other than the Persons listed in Schedule 8.4 hereto and additional Subsidiaries created or acquired after the Closing Date in compliance with Section 9.21 hereof.

  • Third Party Interests The other parties to this Agreement hereby represents to the Trustee that any account to be opened by, or interest to be held by, the Trustee in connection with this Agreement, for or to the credit of such party, either (i) is not intended to be used by or on behalf of any third party; or (ii) is intended to be used by or on behalf of a third party, in which case such party hereto agrees to complete and execute forthwith a declaration in the Trustee’s prescribed form as to the particulars of such third party.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • Exclusive Property The Executive confirms that all protected information is and shall remain the exclusive property of the Company Group. All business records, papers and documents kept or made by the Executive relating to the business of the Company shall be and remain the property of the Company Group.

  • Owned Real Property The Company does not own any real property.

  • Area of Interest Any additional claims located or acquired by the Lessee within one (1) mile from the exterior boundaries of the mining claims described in Exhibit "A" shall become a part of the leased property and shall be subject to the terms of this lease as of the Effective Date.

  • Clearcutting Units All trees that meet Utilization Standards within “Clearcutting Units” are designated for cutting.

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