Common use of Area of Interest Clause in Contracts

Area of Interest. 7.1 If, after the effective date of this Agreement, any of the parties to this Agreement stakes or acquires, directly or indirectly, an interest or right in a mineral claim located within three (3) kilometres of the boundaries of the Property as it was constituted at the effective date of this Agreement, or at the date of any amendments thereto, that interest or right shall be deemed to form part of the Property and shall be subject to this Agreement.

Area of Interest. 7.1 If, after the effective date of this Agreement, any of the parties to this Agreement stakes or acquires, directly or indirectly, an interest or right in a mineral claim located within three (3) kilometres of the boundaries of the Property as it was constituted at the effective date of this Agreement, or at the date of any amendments thereto, that interest or right shall be deemed to form part of the Property and shall be subject to this Agreement.