Examples of Lease Applications in a sentence
NOTICE FOR OHIO RESIDENTS (Installment and Lease Applications Only):The Ohio laws against discrimination require that all creditors make credit equally available to all credit-worthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request.
On or before December 31, 2015, the Company shall be provided with an option to incur an additional $5,000,000 in exploration expenditures (the “Third Expenditure”); upon completion of the Third Expenditure the Company shall be granted an additional 13% interest in the Lease Applications.
Following completion of the First Expenditure and the Second Expenditure, and in recognition of its contribution as Operator, the Company shall be granted an additional 2.5% interest in the Lease Applications, for an aggregate interest of 25%.
CriteriaCommentaryMineral tenement and land tenure statusMining Lease Applications M04/464, M04/465, M04/466 and M04/467 were applied for by POZ Minerals Limited.
In October 2021, the United States Bureau of Land Management (“BLM”) rejected Twin Metals’ Preference Right Lease Applications (“PRLAs”) and Prospecting Permit Applications (“PPAs”).
Upon closing of the Financing, the Company shall commit $1,500,000 in exploration expenditures (the “First Expenditure”) by December 31, 2013; upon completion of the First Expenditure the Company shall be granted an initial 11.25% interest in the Lease Applications.
No later than December 31, 2014, the Company shall incur $3,300,000 in exploration expenditures (the “Second Expenditure”); upon completion of the Second Expenditure the Company shall be granted an additional 11.25% interest in the Lease Applications.
The Parties agree that with the issuance of a total of 1,750,000 common shares, plus such additional shares as represented by the interest accumulation calculated pursuant to Section 2.6 (Additional Consideration), of IMA to IIM, IIM releases any and all interest in the Lease Applications, Leases and Properties, as those capitalized terms are defined in the Agreement, and that IIM acknowledges that it has received full and final consideration of the transfer of the rights to the Lease Applications to IMI.
If at any time during the Term of this Agreement it appears that one or more private third parties may have a claim of economic interest or ownership in the Properties or the Lease Applications (or Leases acquired thereby), ALY may claim Force Majeure for a period of time equal to the time necessary to resolve such claim(s) of economic interest or ownership in the Properties or the Lease Applications (or Leases acquired thereby).
In the event that there is an outstanding right, title or interest including, without limitation, an outstanding lien or encumbrance on the title, or if the IIM holds less than an undivided One Hundred Percent (100%) interest in the Lease Applications, subject to the paramount interest held by the State, then the purchase price shall be adjusted in accordance with the provisions of Section 7.4 (Lesser Interest).