Common use of Surface Rights Clause in Contracts

Surface Rights. Banro has the full right to use all of the surface area contained within the Exploitation Permits and no other user of the surface, nor any occupier thereof, is entitled to any compensation or rights of relocation should Banro engage in construction activities that interfere with other uses of the surface. However, Banro is legally forbidden from conducting its mining activities in a surface zone that may be less than fifty meters around villages. Areas where artisan miners are present within the boundaries of the Exploitation Permits are operating illegally and will be removed upon proper request being made to the relevant authorities.

Appears in 3 contracts

Sources: Underwriting Agreement (Banro Corp), Underwriting Agreement (Banro Corp), Underwriting Agreement (Banro Corp)