Ancillary Mining Properties definition
Examples of Ancillary Mining Properties in a sentence
The Borrower’s consultation and dealings with indigenous persons and groups to date regarding the proposed exploration, development, construction, operation, closure and rehabilitation of the Santa ▇▇▇▇ Mining Property, the Ancillary Mining Properties and the Santa ▇▇▇▇ Project have been consistent in scope with similar projects of that nature and consistent with Canadian mining industry best practices.
All mining concession maintenance fees, recording fees, and Taxes and all other amounts have been paid when due and payable and all other actions and all other obligations as are required to maintain the Santa ▇▇▇▇ Mining Property, the Ancillary Mining Properties and the Collateral in good standing, have been taken and complied with in all material respects.
Other than as disclosed in Schedule 3.1.5, no Person has a direct or indirect ownership interest in any Subsidiary of the Borrower or the Santa ▇▇▇▇ Mining Property or any of the Ancillary Mining Properties or is otherwise involved in any manner in the operation of the Santa ▇▇▇▇ Project, other than the Borrower or Borrower’s Subsidiaries.
The Obligors have good and valid title to, or leasehold interest in, all other Borrower Property that is not Real Property, the Santa ▇▇▇▇ Mining Property, the Ancillary Mining Properties or the Excluded Properties, free and clear of all Encumbrances other than Permitted Encumbrances.