Common use of NOTICE TO NONACQUIRING PARTICIPANT Clause in Contracts

NOTICE TO NONACQUIRING PARTICIPANT. Within 10 days after the acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator pursuant to a Program), the acquiring Participant shall notify the other Participants of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest available for inspection by the other Participants.

Appears in 2 contracts

Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)

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NOTICE TO NONACQUIRING PARTICIPANT. Within 10 60 days after the acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator Manager pursuant to a Programan Adopted Program and Budget), the acquiring Participant shall notify the other Participants Participant of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, thereof and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest available for inspection by the other ParticipantsParticipant.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

NOTICE TO NONACQUIRING PARTICIPANT. Within 10 30 days after the acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator Manager pursuant to a Program), the acquiring Participant shall notify the other Participants Participant of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest available for inspection by the other ParticipantsParticipant.

Appears in 1 contract

Samples: Kennecott Agreement (Golden Phoenix Minerals Inc /Fa/)

NOTICE TO NONACQUIRING PARTICIPANT. Within 10 30 days after the acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator Manager pursuant to a Program), the acquiring Participant shall notify the other Participants Participant of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest or right available for inspection by the other ParticipantsParticipant.

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

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NOTICE TO NONACQUIRING PARTICIPANT. Within 10 30 days after the ------------------------------------- acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator Manager pursuant to a Program), the acquiring Participant shall notify the other Participants Participant of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest available for inspection by the other ParticipantsParticipant.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

NOTICE TO NONACQUIRING PARTICIPANT. Within 10 days after the acquisition of any interest or the right to acquire any interest in real property wholly or partially within the Area of Interest (except real property acquired by the Operator pursuant to a Program), the acquiring Participant shall notify the other Participants Participant of such acquisition. The acquiring Participant's notice shall describe in detail the acquisition, the lands and minerals covered thereby, the cost thereof, and the reasons why the acquiring Participant believes that the acquisition of the interest is in the best interests of the Participants under this Agreement. In addition to such notice, the acquiring Participant shall make any and all information concerning the acquired interest available for inspection by the other ParticipantsParticipant.

Appears in 1 contract

Samples: Joint Venture Agreement (Stirrup Creek Gold LTD)

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