Baseline Study definition
Examples of Baseline Study in a sentence
To the extent that ▇▇▇ commenced work on a Baseline Study prior to the Effective Date, any expenses and costs funded by Ero prior to the Effective Date will be deemed to have been incurred as Exploration Expenditures during the Earn-in Period for the purposes of this Agreement.
All costs and expenses related to the completion of a Baseline Study hereunder shall be for ▇▇▇’s sole account and all such costs shall be deemed Exploration Expenditures whether incurred before or after the Effective Date.
For greater certainty, Vale shall be liable for, and shall indemnify Ero in respect of, all obligations and liabilities as a result of, in respect of, in connection with, or arising out of the presence of any Hazardous Substances in, on or under the Mineral Properties, or any other land or waterbody where the presence of such Hazardous Substances is as a result of a release thereof from the Mineral Properties before the Effective Date as determined relative to the Baseline Study.