Project Assets Clause Samples

Project Assets. The Lessee shall peacefully hand over the possession of the Leased Land including the Project, structures therein/upon, within such reasonable time, as may be prescribed by NRANVP. The Land Premium deposited for the Leased Land shall be forfeited.

Project Assets. All rights including development rights, interim privileges and benefits in the Project Assets accruing to and to the benefit of the Developer under this Agreement shall automatically stand terminated and vest in NRDA on the Termination of this Agreement. Developer shall peacefully hand over the possession of the Land including the structures therein/upon, within such reasonable time, as may be prescribed by NRDA.

Project Assets. The Seller PSA Entities shall: (a) except pursuant to a Transfer in compliance with Section 6.6, cause: (i) the Mine Owner to be the only legal and beneficial owner of, and ensure that, other than as arising under the Permitted Encumbrances, no other Person holds or acquires any ownership right, title or interest in, the Project Assets (other than the Transmission Assets); and (ii) Trasmisora to be the only legal and beneficial owner of, and ensure that, other than as arising under the Permitted Encumbrances, no other Person holds or acquires any ownership right, title or interest in, the Transmission Assets; (b) subject to Section 6.12, keep, or cause the Project Owners to keep, the Stream Properties in good standing except as permitted by this Agreement; (c) cause the Project Owners to maintain all Authorizations necessary to operate the Mine in good standing and construct, develop and operate the Mine in a commercial prudent manner consistent with the Mine Plan and Good Practice Standards and in compliance with all Applicable Laws; and (d) if Mine Owner intends to stockpile, store, warehouse or otherwise place Minerals off the Stream Properties, before doing so, the Seller PSA Entities shall obtain from the property owner, operator or both, as applicable, where such stockpiling, storage, warehousing or other placement occurs, to provide in favour of Purchaser a written acknowledgement in form and substance satisfactory to Purchaser, acting reasonably, which provides that Mine Owner's and/or its Affiliates', as applicable, rights to the Produced Copper shall be preserved.

Project Assets. 1.22.1 The Project Assets shall comprise the assets described in Schedule II and shall be provided and granted by DOT to the Lessee under and in accordance with this Agreement.

Project Assets. All rights including interim privileges and benefits in the Project Assets accruing to and to the benefit of the Lessee under this Agreement shall automatically stand terminated and vest in NRDA on the Termination of this Agreement. Lessee shall peacefully hand over the possession of the Land including the structures therein/upon, within such reasonable time, as may be prescribed by NRDA.

Project Assets. The cost of all capital expenses of the Assets which are normally depreciable, depletable, or amortizable, including but not limited to land acquisition, exploration, development, pre-mine development and stripping, machinery, equipment, plant, buildings, rail facilities and equipment, improvements, camp and port facilities, townsites and other infrastructure, whether incurred or acquired prior to or after Commencement of Commercial Production.

Project Assets. The Licensee shall peacefully hand over the possession of the Licensed Land including the Project, structures therein/upon, within such reasonable time, as may be prescribed by NRANVP. The Land Premium deposited for the Licensed Land shall be forfeited.

Project Assets. ‌ 5.7.1 Seller holds of record and owns beneficially one hundred percent (100%) of the ownership interests of the Project Assets. Seller does not currently own any asset necessary for PGE to be able after the Closing to develop, construct, own, operate or maintain the Project in accordance with Prudent Utility Standards, except such assets that are (or by the Closing, will be) included in the Project Assets. Schedule 5.7 sets forth a true, accurate and complete list of the Project Assets owned by Seller, which constitute all of the assets and rights of any kind necessary for PGE to develop, construct, own, operate and maintain the Project. 5.7.2 The Project and the tangible personal property included in the Project Assets are in normal operational condition for a similar project and similar assets of a similar age, free of defects about which Seller has Knowledge and that could have a material adverse impact on such operation, and are in good working order, except for ordinary wear and tear and routine maintenance (in each case, consistent with Prudent Utility Standards). Seller has not operated the Project in a manner that violates the conditions of any warranty in any material respect. As of the Closing, the Project Assets are sufficient to enable PGE to own, operate, interconnect and maintain the Project immediately following the Closing in all material respects in the same manner as the Project was in the ordinary course of business previously [owned, operated and maintained by Seller. 5.7.3 Seller has good, valid and marketable title to all the Project Assets, which are free and clear of any and all Liens, other than Permitted Liens. 5.7.4 There are no existing or continuing claims against Seller, the Project or the Project Assets by any prior developers of the Project (or partners of or investors in Seller (with respect to the Project Assets)).

Project Assets. 14.1 The Recipient shall retain title to, and ownership of any assets (including any Foreground Intellectual Property), the cost of which has been contributed to by the Minister under this Agreement and shall not sell, assign, transfer, encumber, pledge, grant a security interest or otherwise dispose of same, without the prior written consent of the Minister. As a condition of such consent, the Minister may require the Recipient to repay Her Majesty the whole or any part of the Contribution paid to the Recipient hereunder.