Future Properties definition

Future Properties shall have the meaning set forth in Section 5.1(b).

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Future Properties means all of such properties.

Future Properties means all properties in which a working interest is acquired by MegaWest at any time subsequent to the date hereof; provided, however, that the Future Properties shall not include any properties within the Contract Area;

Examples of Future Properties in a sentence

The Memo of Option shall be recorded against the Property immediately following execution of this Agreement with respect to the Initial Properties and otherwise concurrently with the Owner Party’s acquisition of Future Properties.
PetroHunter shall have the exclusive option to acquire said properties for a period of sixty days from the date of MAB's written recommendation to PetroHunter, and if so acquired such properties will become Future Properties.
Each party shall grant to the Vehicle a right of first refusal (or the opportunity to acquire on the same terms available to that party in the case of any mineral or surface right, title or interest not presently held) in respect of any graphite properties in addition to the Ownership Interest within a 100 mile radius of the Deposit ("Future Properties").
Should the Vehicle elect to exercise its rights with regard to a Future Properties, the Vehicle shall reimburse the party transferring the rights for any costs -14- 15 incurred in identifying, proving and acquiring such Future Properties.
All of the Properties, including Future Properties, shall be subject to MAB's overriding royalty interest in the amount of five percent (5%) (proportionately reduced, based on PetroHunter's net revenue interest in each lease, license or permit as of the Effective Date) of the proceeds of all sales of Hydrocarbons on the Properties or on lands pooled or unitized therewith (the "Reserved ORRI").
Property Owners or their tenants, as applicable, shall continue, in at least substantially the same manner and degree as present (subject to customary crop rotations and changes in customary practice in the geographic area of the applicable Property), and subject to the addition of Future Properties, their agricultural operations on the Property.
GC13.1.2 is added as follows: Table 1 – Phase 1 - Known Properties Location DECONSTRUCTION DEMOLITION Price ($) Time for Substantial Completion (Days) Price ($) Time for Substantial Completion (Days) $ $ $ TOTAL PRICE / TIME $ $ Table 2 – Phase 2 - Future Properties (to be confirmed once properties are available) Method Price Rate (Hourly / Daily) Disbursements DECONSTRUCTION $ $ DEMOLITION $ $ Freight & Delivery costs should be included in prices.
Property Owners or their tenants, as applicable, shall continue, in at least substantially the same manner and degree as present, and subject to the addition of Future Properties, their agricultural operations on the Property.
Should the Vehicle elect to exercise its rights with regard to a Future Properties, the Vehicle shall reimburse the party transferring the rights for any costs - 13 - 15 incurred in identifying, proving and acquiring such Future Properties.
PetroHunter shall have the exclusive option to acquire said Future Properties.

More Definitions of Future Properties

Future Properties means all real estate owned or leased by any entity comprising the Company and any Affiliated Entity, excluding the Existing Properties and the Company's office space occupied exclusively by the Company.

Future Properties means Properties acquired by the Grantor after October 16, 1996, which for greater certainty excludes the Initial Properties;

Future Properties means Properties acquired by the Grantor after the date hereof and includes Properties acquired by any direct or indirect subsidiary of the Grantor;

Future Properties means Properties acquired by the Grantor after the date hereof;

Future Properties means any exploration properties in Argentina acquired by Minera, MASA or NAD, or any affiliates thereof, while Degerstrom is the manager of the Properties, NAD Properties and MASA Properties pursuant to the Operating Agreement attached hereto as Schedule "C";