North Basin Clause Samples

North Basin. (a) Prior to the Project Completion Date, the Sponsors shall not (i) take a “final investment decision” (FID) with respect to the North Basin; or (ii) otherwise conduct any activities or make any investments with respect to the North Basin that would require a mine plan of operations to have been submitted to the BLM triggering the commencement of BLM’s environmental review and consultations. (b) In the event ioneer elects to pursue the development of the North Basin, whether through the North Basin Asset Contribution (pursuant to, and as defined in, Section 5.1(b)(ii) of the amended and restated Direct Parent Operating Agreement to be entered into in the event the Sibanye Sponsor becomes the Additional Sponsor) or otherwise, ioneer shall pursue such development and/or contribution through a new special purpose investment vehicle separate from the Borrower and without any recourse to, or liability of, the Borrower or the Project. (c) Each Sponsor Entity shall procure that: (i) none of the Processing Facility or any infrastructure related to the Project shall be used as common facilities between the Project and the North Basin; (ii) no utilities related to Project, including (A) Water Rights, (B) sulfuric acid, and (C) power, shall be, directly or indirectly, used, assigned or sold for the benefit of any asset related to the North Basin or otherwise not related to the Project, and that the sulfuric acid supply for the Project shall not be curtailed or limited as a consequence of the development or operation of the North Basin; and (iii) the Borrower shall not conduct any roadwork activities related to the North Basin or otherwise not for the benefit of the Project.
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North Basin. The Borrower shall not, without DOE’s prior consent: (a) conduct any activities or make any investments with respect to the North Basin; (b) process any ore from the North Basin; (c) directly or indirectly cause or allow the use, assignment or sale of any utilities related to the Project, including (i) Water Rights, (ii) sulfuric acid, and (iii) power, for the benefit of any asset related to the North Basin or otherwise not related to the Project, and the Borrower shall ensure that the sulfuric acid supply of the Project shall not be curtailed or limited as a consequence of the development or operation of the North Basin; (d) conduct any roadwork activities related to the North Basin or otherwise not for the benefit of the Project; or (e) use any equipment related to the Project as common equipment between the Project and the North Basin.
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Related to North Basin

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Definitions For purposes of this Agreement:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.