Shaded Area definition
Examples of Shaded Area in a sentence
For greater certainty any interest in an Overlapping Dayton Concession wholly or partially within the Shaded Area that is retained by Operator following a transfer of an interest in Overlapping Dayton Concessions to Dayton in accordance with this Agreement, shall be subject to the mortgages and prohibitions of the Royalty Agreement and will be part of the Mining Properties and Subject Properties.
Operator shall, following consultation with Royal Gold, determine if any individual exploitation mining concession or group of exploitation mining concessions owned by Operator or any Affiliate of Operator that is wholly or partially within the Shaded Area, overlaps with any of the Dayton Concessions and is required to be transferred to Dayton in order to permit the transfer of the Dayton Concessions to Dayton free of any overlap (each an “Overlapping Dayton Concession”).
Operator shall, following consultation with Royal Gold, determine if any individual exploitation mining concession or group of exploitation mining concessions that is wholly or partially within the Shaded Area or the Adjusted Shaded Area, overlaps with any of the Dayton Concessions and is required to be transferred to Dayton in order to permit the transfer of the Dayton Concessions to Dayton free of any overlap in accordance with the Dayton Agreement (each an “Overlapping Dayton Concession”).
To the best of Optionor's knowledge, (i) except as outlined and shaded in the area designated on Exhibit C as "Shaded Area", fee simple title to the Terminal Facility is currently vested in Optionor and (ii) the propert description attached as Exhibit A includes all fee interests and appurtenant rights applicable to the Optionor's conduct of business at the Property.
For greater certainty any interest in an Overlapping Dayton Concession wholly or partially within the Shaded Area or the Adjusted Shaded Area that is retained by Operator following a transfer of an interest in Overlapping Dayton Concessions to Dayton in accordance with this Agreement, will be subject to the Avío Agreement and the prohibitions contemplated therein, will be subject to the mortgages and prohibitions of the Royalty Agreement and will be part of the Mining Properties and Subject Properties.
For greater certainty, those exploitation mining concessions which are determined by Operator, following consultation with Royal Gold, to be wholly outside the Shaded Area Boundary will not be subject to the Avío Agreement and the prohibitions contemplated therein and the mortgages and prohibitions of the Royalty Agreement.
By: By: Name: ______________________________ Associate Director Title: ______________________________ Office for Technology Commercialization Date: Date: Shaded Area - Internal University Use Only EXHIBIT A 1.
Based on this determination, Operator, following consultation with Royal Gold, shall prior to May 15, 2009 reduce that part of the Shaded Area which is south of the Dividing Line to show shading of only those exploitation mining concessions that are determined to be wholly or partially within the Circular Boundary (the “South Area”).
Based on this determination, Operator, following consultation with Royal Gold, shall prior to May 15, 2009, increase that part of the Shaded Area which is north of the Dividing Line to show shading of the portion lying outside the Shaded Area Boundary of those individual exploitation mining concessions that are determined to be wholly or partially located in the Shaded Area Boundary (and such area north of the Dividing Line, as so increased, is referred to herein as the “North Area”.