Mineral Rights Clause Samples

Mineral Rights. (check if applicable X ) The Buyer will receive and Seller will convey all of Seller’s water, oil, gas, coal and other mineral rights not conveyed of record, and shall execute an appropriate assignment of any existing leases or contracts relating to those rights.

Mineral Rights. City expressly reserves all water, gas, oil and mineral rights in and under the soil beneath the Premises, but testing for and/or removal of any such gas, oil, or minerals shall be done in a manner so as not to disturb the Premises or disrupt the operation of the business being conducted thereon.

Mineral Rights. One hundred percent (100%) of all mineral rights owned by Seller with respect to the Property shall be conveyed to Buyer at closing.

Mineral Rights. (i) The Technical Report and the Public Record describe all mineral interests, mining concessions, mining tenements or other mineral rights owned by or subject to any license, option or similar agreement in favour of the Corporation that are material to the business of the Corporation (the “Mineral Rights”). The Corporation does not hold, license or have any other material interest in any mineral interests, mining concessions, mining tenements or other mineral rights other than the Mineral Rights. (ii) The Mineral Rights have been properly located and recorded in compliance with Applicable Laws and are comprised of valid and subsisting mineral claims. (iii) The Corporation is the registered and beneficial owner of the Mineral Rights with good and marketable title thereto, free and clear of any title defect or Encumbrance. (iv) The Mineral Rights constitute all of the right, title and interest necessary or appropriate to authorize and enable the Corporation to carry on the Business. (v) The Corporation has the exclusive right to deal with the Mineral Rights, and there are no restrictions on the ability of the Corporation to use, transfer or exploit the Mineral Rights except pursuant to Applicable Laws. (vi) No person other than the Corporation has any interest in the production or profits to be obtained in the future from the Mineral Rights or any royalty in respect thereof or any right to acquire any such interest. (vii) There are no farm-in or earn-in rights, rights of first refusal or similar rights or provisions which could materially affect the Mineral Rights. (viii) The Corporation has not received any notice, whether written or oral, from any Governmental Authority or any person with jurisdiction or applicable authority of any revocation or intention to revoke the interest of the Corporation in any Mineral Right. (ix) The Mineral Rights are in good standing under applicable Law; all work required to be performed thereon has been performed and all Taxes, rentals, fees, expenditures and other payments in respect thereof have been paid or incurred and all filings in respect thereof have been made. (x) All exploration activities in respect of the Mineral Rights have been conducted in all material respects in accordance with good mining and engineering practices and all material workers’ compensation and health and safety regulations have been complied with. (xi) There are no adverse claims, actions, suits or proceedings that have been commenced, and to t...

Mineral Rights. The Owner reserves all rights to any minerals on or underlying the farm.

Mineral Rights. All gas, oil and mineral rights in and under the soil.

Mineral Rights. (a) Schedule 3.1.35 of the Silvermex Disclosure Letter provides a complete list and description of all of the Mineral Rights of Silvermex and each of the Silvermex Subsidiaries. (b) Silvermex or one of the Silvermex Subsidiaries is the sole legal and beneficial owner of all right, title and interest to the Mineral Rights set out in Schedule 3.1.35 of the Silvermex Disclosure Letter, free and clear of any Encumbrances. (c) Silvermex and each of the Silvermex Subsidiaries has conducted and is conducting its respective Business in accordance with good mining industry practices and in compliance with all applicable Laws, and, in particular, all applicable licensing and Environmental Laws or other lawful requirements of any Governmental Entities applicable to it in each jurisdiction in which it carries on Business. (d) The Mineral Rights of Silvermex and each of the Silvermex Subsidiaries have been properly located and recorded in compliance with applicable Law and are comprised of valid and subsisting mineral claims. (e) To the best of Silvermex’s knowledge, the Mineral Rights set out in Schedule 3.1.35 of the Silvermex Disclosure Letter are in good standing under applicable Law and all work required to be performed and filed in respect thereof has been performed and filed, all Taxes, royalties, rentals, fees, expenditures and other payments in respect thereof have been paid or incurred and all filings in respect thereof will at the Effective Time have been made. (f) The Mineral Rights of Silvermex and each of the Silvermex Subsidiaries have been operated and maintained in a manner consistent with prudent practices in the mining industry and in compliance with all applicable Laws and all orders of all Governmental Entities having jurisdiction over the same. (g) Neither Silvermex nor any of the Silvermex Subsidiaries has elected or refused to participate in any exploration, development or other operations with respect to its Mineral Rights which has or may give rise to any penalties, forfeitures or reduction of its interest by virtue of any conversion or other alteration occurring under the title and operating documents which govern Silvermex's or the Silvermex Subsidiaries' Mineral Rights. (h) No Interested Person or any party not at arm's length to Silvermex or any Silvermex Subsidiary owns, has or is entitled to any royalty, net profits interest, carried interest or other Encumbrance of any nature whatsoever which is based on production from its properties o...

Mineral Rights. The Company and any applicable Subsidiaries hold freehold title, leases, licences, mining claims or other conventional property, proprietary or contractual interests or rights, recognized in the jurisdiction in which the Material Project is located, under valid, subsisting and enforceable title documents or other recognized and enforceable agreements or instruments, sufficient to permit the Company or any Subsidiary to explore or exploit (as the case may be) the minerals relating thereto. All property, leases or claims relating to the Material Project in which the Company or any Subsidiary has any interest or right have been validly applied for and, if issued, to the knowledge of the Company, issued in accordance with all applicable laws and are valid and subsisting. The Company and any applicable Subsidiaries have all necessary surface rights, access rights and other necessary rights and interests relating to the Material Project, granting the Company and any applicable Subsidiaries the right and ability to explore, exploit and mine the mineral resources as are appropriate in view of the rights and interest therein of the Company or any Subsidiary and the current state of exploration, with only such exceptions as do not materially interfere with the use made by the Company or any Subsidiary of the rights or interests so held and each of the proprietary interests or rights and each of the documents, agreements, leases, instruments and obligations relating thereto referred to above is currently in good standing in the name of the Company or any Subsidiary.

Mineral Rights. Do you own mineral rights? Unknown Yes No 1. Features of the property shared in common with the adjoining landowners, such as walls, fences, roads and driveways, or other features whose use or responsibility for maintenance may have an effect on the property? Unknown Yes No 2. Any encroachments, easements, zoning violations or nonconforming uses? Unknown Yes No 3. Any “ common areas” (facilities like pools, tennis courts, walkways, or other areas co-owned with others) or homeowners association that has any authority over the property? Unknown Yes No 4. Structural modifications, alterations, or repairs made without necessary or licensed contractor? Unknown Yes No 5. Settling, flooding, drainage, structural or grading problems? Unknown Yes No 6. Major damage to the property from fire, wind, floods or landslides? Unknown Yes No 7. Any underground storage tanks? Unknown Yes No 8. Farm or farm operation in the vicinity; or proximity to a landfill, airport, shooting range, etc.? Unknown