Common use of Project Assets Clause in Contracts

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. The Seller PSA Entities shall: (a) except pursuant to a Transfer in compliance with Section 6.6, cause: (i) cause the Mine Project Owner to be the only legal and beneficial owner of, and ensure that, other than as arising under the Permitted EncumbrancesEncumbrances or as a result of a Permitted Disposal, 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 6.126.13, keep, or cause the Project Owners to keep, keep the Stream Properties in good standing except as permitted by this Agreementstanding; (c) cause the Project Owners Owner to maintain all Authorizations Authorisations 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 Project 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 Project Owner's ’s and/or its Affiliates'’, as applicable, rights to the Produced Copper Silver shall be preservedpreserved and which acknowledges Purchaser’s Encumbrances thereon and provides Purchaser with a right of access in the event of enforcement by Purchaser of the Silver Stream Security Documents.

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 ’s and/or its Affiliates'’, as applicable, rights to the Produced Copper shall be preserved.

Project Assets. The Seller PSA Entities shall: (a) except pursuant to a Transfer in compliance with Section 6.6, cause: (i) cause the Mine Project Owner to be the only legal and beneficial owner of, and ensure that, other than as arising under the Permitted EncumbrancesEncumbrances or as a result of a Permitted Disposal, 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 6.126.13, keep, or cause the Project Owners to keep, keep the Stream Properties in good standing except as permitted by this Agreementstanding; (c) cause the Project Owners Owner to maintain all Authorizations Authorisations 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 Project 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 Project Owner's ’s and/or its Affiliates'’, as applicable, rights to the Produced Copper shall be preservedpreserved and which acknowledges Purchaser’s Encumbrances thereon and provides Purchaser with a right of access in the event of enforcement by Purchaser of the Copper Stream Security Documents.