Common use of AREA OF COMMON INTEREST Clause in Contracts

AREA OF COMMON INTEREST. The Parties agree to the establishment of an area of common interest which covers all land within 2 km of the boundary the Property. The Parties agree not to acquire, directly or indirectly, mining permits in area of common interest without giving a right of first refusal to such eventual acquisition to the other Party.

AREA OF COMMON INTEREST. The Parties agree to the establishment of an area of common interest interest, which covers all land within 2 I km of the boundary of the Property. The Parties agree not to acquire, directly or indirectly, mining permits in the said area of common interest without giving a right of first refusal to such eventual acquisition to the other Party.