Prospecting Activities definition
Prospecting Activities shall not include, (i) any investigations, undertakings, remediation, corrective actions or reporting obligations of Buyer or its Affiliates in connection with the construction or renovation of facilities on, at or about the Transferred Owned Real Property, or (ii) Baseline Environmental Assessments.
Prospecting Activities means deliberate drilling and/or testing of the soil and groundwater on, at or about the Transferred Owned Real Property or the Leased Real Property undertaken by or on behalf of Buyer or its Affiliates, to the extent not required by any Environmental Law, for the primary purpose of determining if environmental conditions exist on, at or about such properties. Notwithstanding the foregoing limitations on Seller’s indemnification obligations, Seller’s indemnification obligations hereunder shall apply with respect to, and the term “Prospecting Activities” shall not include, (i) any investigations, undertakings, remediation, corrective actions or reporting obligations of Buyer or its Affiliates in connection with the construction or renovation of facilities on, at or about the Transferred Owned Real Property, or (ii) Baseline Environmental Assessments.
Prospecting Activities all investigations whether on surface or underground, to establish the existence of Minerals or the continuity of previously discovered mineral indicators, to determine the existence of deposits and to study the conditions under which these can be mined as well as all activities and studies related to the geology, topography, mineral processing, infrastructure, economic forecasts and related activities;
Examples of Prospecting Activities in a sentence
This contract shall continue whilst RR is conducting Prospecting Activities in Côte d’lvoire and shall cease if RR ceases its Prospecting Activities in that country or if RR acquires NMC’s interest in this Joint Venture.
More Definitions of Prospecting Activities
Prospecting Activities means deliberate drilling and/or testing of the soil and groundwater on, at or about the Transferred Owned Real Property or the Leased Real Property undertaken by or on behalf of Buyer or its Affiliates, to the extent not required by any Environmental Law, for the primary purpose of determining if environmental conditions exist