Prosperity Property definition

Prosperity Property or “Prosperity Properties” means all real property owned or leased by Prosperity or any Prosperity Subsidiary, including properties that any Prosperity Subsidiary has foreclosed on as well as their respective premises and all improvements and fixtures thereon.

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Prosperity Property means the mining leases, mineral claims, surface rights and other rights or concessions listed or deemed incorporated in Schedule 2.1 to the Security Agreement (Mining Claims and Leases) dated on or about the date hereof between the parties hereto, whether created privately or through the action of any Governmental Authority, and includes any extension, renewal, replacement, conversion or substitution of any such mineral claims into a mining lease, surface rights or other right or concession or after acquired or resulting mining lease, mineral claims, surface rights and other right or concession, including any re-acquired after abandonment or other disposition, but in every case without extending the area covered thereby past the area covered by the mining leases, mineral claims, surface rights and other rights or concessions listed in such Schedule 2.1 hereto as of the date hereof.

Prosperity Property means the Mineral Claims, and other rights or concessions necessary for the construction and Development of the Prosperity Project, as listed in Schedule G attached hereto which shall be updated from time to time in accordance with Section 7.11, whether created privately or by the action of any Governmental Authority, and includes any extension, renewal, replacement, conversion or substitution of any such Mineral Claims into a Mining Lease, Surface Rights or other right or concession or after acquired or resulting Mining Lease, Mineral Claims, Surface Rights and other right or concession, including any re-acquired after abandonment or other disposition, but in every case without extending the area covered by the Prosperity Project past the area covered by the Mineral Claims existing as of the date hereof.

Examples of Prosperity Property in a sentence

Upon the request of the Purchaser, Taseko shall specifically mortgage, pledge, charge, grant a security interest in, or assign in favour of the Purchaser any property that forms part of or is derived from or connected to the Prosperity Property which Taseko now or hereafter has rights and shall execute all documents reasonably required by the Purchaser in connection therewith.
A Receiver may borrow money for the maintenance, preservation or protection of any Collateral or for carrying on any of the business or undertaking of Taseko with respect to, and to the extent of, the Collateral and the Prosperity Property and may grant Liens in any Collateral in priority to the Security as security for the money so borrowed.
Without limiting the foregoing, the Security Agreement on the Prosperity Property shall also be registered in British Columbia’s Mineral Titles Online Registry against each of the Mineral Claims and Mineral Leases that are part of the Prosperity Property and in the Land Titles Office with respect to any Surface Rights that are registered in the Land Titles Office.
Upon Taseko’s acquisition of rights in any additional Surface Right (other than those provided under s.14(1) of the Mineral Tenure Act (British Columbia)), Mineral Claim or Mining Lease related to the Prosperity Property, Taseko will immediately give written notice to the Purchaser of full particulars of the same.
Schedule 2.1 includes a complete list of all Real Property Rights owned, held or used by Taseko as at the date hereof in carrying on Taseko’s business related to the Prosperity Property that are registered at the applicable Land Title Office in British Columbia.
For greater certainty, the intent of this provision is that Taseko and its Affiliates operate the Prosperity Project as though Taseko had a full economic interest in all the gold produced from the Prosperity Property.
The legal opinion shall be consistent in all material respects with the representations and warranties pertaining to the Prosperity Property set out in paragraphs (k) and (l) of Schedule E attached hereto.
Taseko shall not mortgage, charge, grant any right, title or interest in or to, grant or allow to exist any Encumbrance in respect of or otherwise encumber, the Prosperity Project or the Prosperity Property or its rights, benefits and privileges under this Agreement, except in accordance with Section 7.6.
The Purchaser agrees that it not be reasonable to withhold consent to a public listed operator of ability equal to Taseko becoming the operator of the Prosperity Property.
The calculation of the deemed amount of gold in concentrate shall only deviate from the actual amount of gold in concentrate in respect of that amount of ore which is 70,000tpd less the amount of ore processed that is sourced from the Prosperity Property, multiplied by the average grade of remaining reserves, multiplied by the weighted average life of mine gold recovery.

More Definitions of Prosperity Property

Prosperity Property means the Mining Leases, Mineral Claims, Surface Rights and other rights or concessions listed or deemed incorporated in Schedule 2.1 hereto, whether created privately or through the action of any Governmental Authority, and includes any extension, renewal, replacement, conversion or substitution of any such Mineral Claims into a Mining Lease, Surface Rights or other right or concession or after acquired or resulting Mining Lease, Mineral Claims, Surface Rights and other right or concession, including any re-acquired after abandonment or other disposition, but in every case without extending the area covered thereby past the area covered by the Mining Leases, Mineral Claims, Surface Rights and other rights or concessions listed in Schedule 2.1 hereto as of the date hereof.