Common use of Mining Licenses Clause in Contracts

Mining Licenses. The Mining Licenses have been validly granted and recorded in the name of, and are owned by the applicable Specified Entity and are in full force and effect, except as provided in the Disclosure Certificate. The Mining Licenses grant the holders thereof the exclusive right to extract minerals from the areas covered by the Mining Licenses in accordance with the respective terms and conditions thereof and applicable thereto. Except as disclosed in the Disclosure Certificate, as such disclosure may be updated from time to time to the extent required pursuant to Section 11.1(b):

Mining Licenses. The Mining Licenses have been validly granted and recorded in the name of, and are owned by the applicable Specified Entity and are in full force and effect, except as provided in the Disclosure Certificate. The Mining Licenses grant the holders thereof the exclusive right to extract minerals from the areas covered by the Mining Licenses in accordance with the respective terms and conditions thereof and applicable thereto. Except as disclosed in the Disclosure Certificate, as such disclosure may be updated from time to time to the extent required pursuant to Section 11.1(b‎11.1(b):