Common use of Grant of Licence Clause in Contracts

Grant of Licence. (4) If the investigations referred to in subclauses (2) and (3) prove to the satisfaction of the Minister the availability of any suitable underground water source in or near the mining lease which can continue to be drawn on by the Company without seriously affecting the water level in that water source beneath the mining lease or adjacent areas or the availability or water in the adjacent areas the State shall grant to the Company a licence to develop and draw from that source at the Company’s cost but without fee, the mining water requirements on such terms and conditions as are necessary to ensure good water resource management as the Minister may from time to time require and during the continuance of this Agreement grant renewals of any such licence PROVIDED HOWEVER that should that source in the opinion of the Minister prove hydrologically inadequate to meet the mining water requirements, the State may on at least 6 months prior notice to the Company (or on at least 48 hours prior notice if in the opinion of the Minister an emergency situation exists) limit the amount of water which may be taken from that source at any one time or from time to time to the maximum which that source is hydrologically capable of meeting as aforesaid. Investigation of surface water

Grant of Licence. (4) If the investigations referred to in subclauses (2) and (3) prove to the satisfaction of the Minister the availability of any suitable underground water source in or near the mining lease which can continue to be drawn on by the Company without seriously affecting the water level in that water source beneath the mining lease or adjacent areas or the availability or water in the adjacent areas the State shall grant to the Company a licence to develop and Schedule draw from that source at the Company’s cost but without fee, the mining water requirements on such terms and conditions as are necessary to ensure good water resource management as the Minister may from time to time require and during the continuance of this Agreement grant renewals of any such licence PROVIDED HOWEVER that should that source in the opinion of the Minister prove hydrologically inadequate to meet the mining water requirements, the State may on at least 6 months prior notice to the Company (or on at least 48 hours prior notice if in the opinion of the Minister an emergency situation exists) limit the amount of water which may be taken from that source at any one time or from time to time to the maximum which that source is hydrologically capable of meeting as aforesaid. Investigation of surface water

Grant of Licence. (4) If the investigations referred to in subclauses (2) and (3) prove to the satisfaction of the Minister the availability of any suitable underground water source in or near the mining lease which can continue to be drawn on by the Company without seriously affecting the water level in that water source beneath the mining lease or adjacent areas or the availability or water in the adjacent areas the State shall grant to the Company a licence to develop and draw from that source at the Company’s cost but without fee, the mining water requirements on such terms and conditions as are necessary to ensure good water resource management as the Minister may from time to time require and during the continuance of this Agreement grant renewals of any such licence PROVIDED HOWEVER that should that source in the opinion of the Minister prove hydrologically inadequate to meet the mining water requirements, the State may on at least 6 months prior notice to the Company (or on at least 48 hours prior notice if in the opinion of the Minister an emergency situation exists) limit the amount of Compare 11 Dec 2010 [01-d0-01] / 15 Dec 2011 [01-e0-05] page 33 Iron Ore (Xxxx Xxxxx) Agreement Xxx 0000 Schedule 1 Iron Ore (Xxxx Xxxxx) Agreement water which may be taken from that source at any one time or from time to time to the maximum which that source is hydrologically capable of meeting as aforesaid. Investigation of surface water