Property Interests. If the Executive's employment with the Company is terminated, and within three years of such termination, the Executive acquires directly or indirectly other than from the Company or its subsidiaries any present or future interest in any mining claims or properties or mineral interests within 10 kilometers of the external boundaries of any mineral property held by the Company during the time the Executive was employed by the Company, the Executive will offer the Company, in writing the right to acquire such interest in exchange for reimbursement of his direct and indirect acquisition costs. The Company shall have 30 days after receipt of such offer to accept the offer and 90 days after receipt of such offer to reimburse such costs.
Property Interests. No real or other property of the Company or any Series shall be deemed to be owned by any Member individually, but shall be owned by and title shall be vested solely in the Company or the Series, as applicable. The Interests of the Members shall constitute personal property.
Property Interests. If the Executive’s employment with the Company is terminated, and within three years of such termination, the Executive acquires for his account, directly or indirectly, other than from the Company or its subsidiaries any present or future interest in any mining claims or properties or mineral interests within 10 kilometers of the external boundaries of any mineral property held by the Company during the time the Executive was employed by the Company, the Executive will offer the Company, in writing the right to acquire such interest in exchange for reimbursement of his direct and indirect acquisition costs. The Company shall have 30 days after receipt of such offer to accept the offer and 90 days after receipt of such offer to reimburse such costs. For further clarity, the requirements of the Section 6.5 shall not preclude a company that employs the Executive subsequent to the termination of the Executive’s employment with the Company from acquiring, directly or indirectly, any present or future interest in any mining claims or properties or mineral interests wherever situated for the account of such company.
Property Interests. All of Seller’s, right, title and interest in and to the following shall herein be called the Property Interests:
Property Interests. All tangible, intangible and mixed property interests (which include any and all rights and licenses, express or implied) that arise as a result of the Development Work under this Agreement shall be owned by the Participants as tenants in common in undivided ownership interests; subject, however, to the limitations set forth in this
Property Interests. The RDT Interests are free and clear of adverse claims created by, through or under RDT except those arising in the ordinary course of business and that would not have a Material Adverse Effect on RDT and, to its knowledge, RDT holds the RDT Interests under valid and subsisting patents and licenses or other agreements except where the failure to so hold the RDT Interests would not have a Material Adverse Effect on RDT.
Property Interests. (a) No Credit Party owns any real estate. Each Credit Party has valid leasehold interests in the leases described in Schedule 4.8 hereto, and, except as set forth on Schedule 4.8, good and marketable title to, or valid leasehold interests in, all of its other properties and assets free and clear of all Liens, except Permitted Liens.
Property Interests. (a) Registered Lease Central Land Council between Uruna, Ntaria, Roulpmaulpma, Hassts Bluff and Ltalaltuma Aboriginal Land Trusts at the direction of the Central Sale Agreement Land Council and Magellan Petroleum (N.T.) Pty ltd, United Oil & Gas Co (N.T.) Pty Ltd, Canso Resources Ltd, Oilmin NL, Petrmin Pty Ltd, Transoil Pty Ltd, Farmout Drillers Pty Ltd and International Oil Proprietary dated 3 June 1985 being [registered Lease No. 163476]
Property Interests. (a) Section 3.7(a) of the Seller Disclosure Schedule sets forth a complete list of all real property and interests in real property owned in fee by the Company (each, an “Owned Property”) and identifies any material reciprocal easement or operating agreement relating thereto. The Company does not lease any real property. The Company has good and marketable fee simple title to all Owned Property (an Owned Property being sometimes referred to herein, individually, as a “Company Property”), free and clear of all Encumbrances, other than Permitted Encumbrances. To the knowledge of Seller or the Company, there are no material defects in the roof, foundation, sprinkler mains, structural, mechanical and HVAC systems and masonry walls in any of the improvements upon each Company Property and no significant repairs thereof are required.
Property Interests. (a) Section 4.7 of the Disclosure Schedule sets forth the street address and legal description of the Transferred Real Property. Seller has fee simple title to the Transferred Real Property, free and clear of all Liens, other than Permitted Liens. Seller has good and marketable fee simple title to the Transferred Real Property, free and clear of all Liens, other than Permitted Liens. Seller has not leased or otherwise granted to any person the right to use or occupy the Transferred Real Property or any portion thereof. There are no outstanding options, rights of first offer or rights of first refusal to purchase the Transferred Real Property or any portion thereof or interest therein.
