Examples of mining area in a sentence
Each party acknowledges to, and for the benefit of the others, that each party has the free and unrestricted right to enter into, conduct and benefit from any and all business ventures of any kind whatsoever, whether or not competitive with the activities undertaken under this agreement, without being obliged to disclose such activities to the other parties or invite or allow any other party to participate in those activities including activities involving mining rights adjoining the Mining Area.
The Payer indemnifies and holds harmless the Payee from and against all loss, theft or destruction of Products suffered or incurred by the Payee arising out of or resulting from operations conducted on or relating to the Mining Area.
If any Mining Right or an interest in any Mining Right in respect of any part of the area of any Relinquished Mining Right is granted to or acquired by the Payer or a Related Entity within 3 years of its relinquishment or surrender (Revival), then upon such grant or acquisition the area of the Relinquished Mining Right again becomes subject to this agreement and the obligation to pay the Royalty by the Payer as part of the Mining Area.