Common use of MINE FINANCING Clause in Contracts

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies borrowed and used by that Party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest as a part of the general corporate assets of that Party monies borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section called the "Chargee") shall hold such interest subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement between the Party, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this section.

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section Section called the "“Chargee"”) shall hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement Agreement between the Partyparty hereto, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this sectionSection.

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section subsection called the "“Chargee"”) shall hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement Agreement between the Partyparty hereto, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this sectionparagraph.

MINE FINANCING. 12.1 The contributions Contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section subsection called the "“Chargee"”) shall hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement Agreement between the Partyparty hereto, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this sectionparagraph.

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies borrowed and used by that Party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest interest, as a part of the general corporate assets of that Party Party, monies borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section called the "Chargee") shall hold such interest subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement between the Party, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this section.

MINE FINANCING. 12.1 The contributions Contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section subsection called the "Chargee") shall hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement Agreement between the Partyparty hereto, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this sectionparagraph.

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall will be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, mortgagee or holder of the charge or encumbrance (in this section Section called the "Chargee") shall will hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement between the Partyparty, as borrower, and the Chargee shall will contain specific provisions to the same effect as the provisions of this sectionSection.

MINE FINANCING. 12.1 The contributions of the Participants toward the Mine Costs shall be individually and separately provided by them. 12.2 Any Party party may pledge, mortgage, charge or otherwise encumber its Interest in order to secure monies moneys borrowed and used by that Party party for the sole purpose of enabling it to finance its participation under this Agreement or in order to secure by way of a general security interest floating charge as a part of the general corporate assets of that Party monies party moneys borrowed for its general corporate purposes, provided that the pledgee, mortgagee, holder of the charge or encumbrance (in this section subsection called the "Chargee") shall hold such interest the same subject to the provisions of this Agreement and that if the Chargee realizes upon any of its security it will comply with this Agreement. The agreement Agreement between the Partyparty hereto, as borrower, and the Chargee shall contain specific provisions to the same effect as the provisions of this sectionparagraph.