Examples of AOI Property in a sentence
The Optionor or its affiliate, as applicable, within 30 days of receipt of notice of acquisition, may then elect to include the AOI Property within the Camping Lake Property.
In addition, if at any time the Optionor or an affiliate of the Optionor acquires, directly or indirectly, any interest in any property which is entirely or partly within 2 km of the outermost boundary of the area-of-Interest (AOI) property (AOI Property), then the Optionor or its affiliate, as applicable, must disclose the acquisition promptly to the Company.
With respect to the Claims and the AOI Property, the Payee shall have only the rights and incidents of ownership of a non-executive royalty owner.
Payee shall not have any possessory or working interest in the Claims or the AOI Property nor any of the incidents of such interest.
In the event that either the Company or the Optionor acquires, after the date of the Property Option Agreement, directly or indirectly, any interest in any new property which has mineral claims within a two kilometre radius of the outer boundary of the Property (an “ AOI Property”), the acquiring party must disclose this acquisition promptly to the other party and the acquiring party's entire AOI Property shall form part of the Property and become subject to the terms of the Property Option Agreement.
The Production Royalty payable to Payee shall payable only on production of Valuable Minerals from the Claims and any real property interest within the Area of Interest acquired during the term of the joint venture agreement or LLC operating agreement ("AOI Property), but not production from any other properties adjacent to or in the vicinity of the Claims or within the Area of Interest.
Each Party and its Affiliates must not acquire (either directly or indirectly) any AOI Property during the term of this Agreement without the prior written consent of each other Party.
If a decision is made to stake or acquire the AOI Property, then the Parties must use commercially reasonable efforts to acquire or stake such AOI Property which will become subject to this Agreement and form part of the Property.
Until the Non-acquiring Party makes its election in accordance with Section 3.1(2) below or the AOI Property is excluded from forming part of the Property in accordance with Section 3.1(3) below, any AOI Property shall be held by the Acquiring Party in trust for the Non-acquiring Party.
The Acquiring Shareholder’s notice must describe in detail the acquisition, the AOI Property and the mineralization believed to be present within the AOI Property, the cost of the acquisition, and the reasons why the Acquiring Shareholder believes that the acquisition of the AOI Property may be in the best interests of the Company.