Common use of Mining Property Clause in Contracts

Mining Property. The Borrower owns or has an interest in all Real Property (whether owned or leased) as necessary for the mining operations and related operations and activities of the Borrower as currently conducted. Neither Borrower nor any of its Affiliates will directly or indirectly enter into any transaction with Hallador or any of its Affiliates (other than the Loan Parties) with respect to any Real Property (whether owned or leased) which is used or useful in the mining operations and related operations and activities of the Borrower, except as may be entered into after the Closing Date and for transactions that are consistent with the Borrower’s ordinary course of business and that are undertaken upon fair and reasonable terms fully disclosed to the Administrative Agent and no less favorable than would be obtained in a comparable arms-length transaction with a non-Affiliate.