Elimination of Minority Interest. Upon the reduction of a Participant's Participating Interest to less than 10% (either pursuant to section 8.3 and/or section 8.4) such Participant shall be deemed to have withdrawn from this Agreement and shall relinquish its entire Participating Interest and the withdrawing Participant shall have the right to receive the NSR.
Appears in 2 contracts
Sources: Option/Joint Venture Agreement, Option / Joint Venture Agreement (Richmont Mines Inc)