Ejido definition

Ejido means a communal property regime under which the Ejido members individually possess specific parcels and as a group hold common land, which are incorporated through an executive action of the Mexican Federal Government and registered with the Mexican National Agrarian Registry (Registro Agrario Nacional);

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Ejido means any population and land tenancy unit, with its own legal personality, governed by Title III, Chapters I-IV of the Borrower’s Agrarian Law (Ley Agraria), published in the Official Gazette on February 26, 1992, or a legally established association of Ejidos, located in any Participating State, which meets the criteria and other requirements set forth in the Operational Manual to participate in the Project;

Ejido means a communal ownership of land recognized by the federal laws in Mexico;

Examples of Ejido in a sentence

• In recently past days, the CLIENT subscribed a transfer of mining rights contract with different people in order to acquire 100 % of the rights derived from the concession named “▇▇▇▇▇”, described in detailed in the table immediately below (the “CONCESSION”): Title n/d File 102/00407 Surface 3,▇▇▇-▇▇-▇▇ Hectares Locaton ▇▇▇▇▇ ▇▇▇▇▇ Ejido, Municipality of Manzanillo, Stateof Colima.

• This term shall be discretionary to the Company and compulsory to the Ejido.

• This Agreement is binding upon, and inures to the benefit of, the Ejido, the Company and their respective successors and assigns.

• On disappearance of the force majeure, the Company shall notify the Ejido accordingly and it shall, as prompt as reasonably possible, proceed with compliance of the suspended obligation(s).

• The Annual Rental Fee shall be paid within thirty calendar days following the delivery by the Company to the Ejido of the notice of commencement of Commercial Production and on each annual anniversary of the date of such notice.

• The Ejido hereby grants to the Company, and the Company acquires from the Ejido, the exclusive and preferential right of first refusal to acquire in first term, under equal terms and conditions of sale, the ownership rights in and to the Mining Occupation Land.

• The parties recognize that Mining Activities are inherently dangerous, therefore, such access to be at the sole risk of the Ejido, its representatives or members, or their family members, entering the property and it shall not in any way impede, interrupt or delay the execution of the Mining Activities.

• No additional consent or approval from the Ejido, its representatives, its members or the General Meeting is required to exercise the rights contemplated herein.

• The Company shall pay to the Ejido the Annual Rental Fee in consideration of the Land Occupation Rights transferred to the Company hereunder.

• The Company shall have the right to unilaterally terminate this Agreement by delivering to the Ejido a written notice of termination.

More Definitions of Ejido

Ejido means the population of ejidos as described in Article 9 of the Agrarian Law.

Ejido means, in Mexico, the communal farmland of a village, usually assigned in small parcels to the villagers to be farmed under a federally supported system of communal land tenure.