Common use of Interest in Properties Clause in Contracts

Interest in Properties. (i) The Purchaser and the Purchaser Material Subsidiaries, taken together, are the sole legal and beneficial owner, and have valid and sufficient right, title and interest free and clear of any Lien (other than Permitted Liens) to the Purchaser Material Properties. (ii) Subject to the paramount title of the United States in and to any unpatented mining claims or leases, and subject to the paramount title of the State of Wyoming and New Mexico, as applicable, in and to any leases with the State of Wyoming and New Mexico, respectively, the Purchaser and the Purchaser Material Subsidiaries, taken together, have valid and sufficient right, title, and interest free and clear of any Lien (other than Permitted Liens) to their existing concessions, claims, licences (from landowners and authorities permitting the use of land by the Purchaser or its Subsidiaries), leases, rights of way, occupancy rights, surface rights, mineral rights, easements and all other real property interests in respect of the Purchaser Material Properties, in each case as are necessary to perform the operation of its business as presently owned and conducted in all material respects. (iii) All material federal unpatented mining claims in which the Purchaser and the Purchaser Material Subsidiaries have an interest or right in respect of the Purchaser Material Properties, have been validly located, staked, recorded, paid for, and maintained in accordance with all Laws in all material respects and are valid and subsisting in all material respects. (iv) The Purchaser and the Purchaser Material Subsidiaries have all material surface rights and access rights relating to the Purchaser Material Properties. Each of the documents, agreements, instruments and obligations relating thereto and referred to above is currently in good standing in all material respects in the name of the Purchaser or the Purchaser Material Subsidiaries, as applicable, and free and clear of all material encumbrances and no third party or group holds any such rights that would be required by the Purchaser and the Purchaser Material Subsidiaries to so develop the Purchaser Material Properties.

Interest in Properties. (i) The Purchaser and the Purchaser Material Subsidiaries, taken together, are the sole legal and beneficial owner, and have valid and sufficient right, title and interest free and clear of any Lien (other than Permitted Liens) to the Purchaser Material Propertiestheir existing Permits. (ii) Subject to the paramount title of the United States in and to any unpatented mining claims or leasesclaims, and subject to the paramount title of the State of Wyoming and New Mexico, as applicable, in and to any leases with the State of Wyoming and New Mexico, respectivelyWyoming, the Purchaser and the Purchaser Material Subsidiaries, taken together, have valid and sufficient right, title, and interest free and clear of any Lien (other than Permitted Liens) to their existing concessions, claims, licences (from landowners and authorities permitting the use of land by the Purchaser or its Subsidiariessubsidiaries), leases, rights of way, occupancy rights, surface rights, mineral rights, easements and all other real property interests in respect of the Purchaser Material PropertiesProperty, in each case as are necessary to perform the operation of its business as presently owned and conducted in all material respects. (iii) All material federal unpatented mining claims in which the Purchaser and the Purchaser Material Subsidiaries have an interest or right in respect of the Purchaser Material PropertiesProperty, have been validly located, staked, recorded, paid for, recorded and maintained in accordance with all Laws in all material respects and are valid and subsisting in all material respects. (iv) . The Purchaser and the Purchaser Material Subsidiaries have all material surface rights and access rights relating to the Purchaser Material PropertiesProperty. Each of the documents, agreements, instruments and obligations relating thereto and referred to above is currently in good standing in all material respects in the name of the Purchaser or the Purchaser Material Subsidiaries, as applicable, and free and clear of all material encumbrances and no third party or group holds any such rights that would be required by the Purchaser and the Purchaser Material Subsidiaries to so develop the Purchaser Material PropertiesProperty.

Interest in Properties. (i) The Each of the Purchaser and the Purchaser Material Subsidiaries, taken together, are its subsidiaries is the sole legal and beneficial owner, and have has valid and sufficient right, title and interest free and clear of any Lien (other than Permitted Liens): (A) to its Permits, concessions, claims, leases, licences, and all other rights relating in any manner whatsoever to the interest in, or exploration for minerals on the Purchaser Material Properties. ; (ii) Subject to the paramount title of the United States in and to any unpatented mining claims or leases, and subject to the paramount title of the State of Wyoming and New Mexico, as applicable, in and to any leases with the State of Wyoming and New Mexico, respectively, the Purchaser and the Purchaser Material Subsidiaries, taken together, have valid and sufficient right, title, and interest free and clear of any Lien (other than Permitted LiensB) to their existing concessions, claimsits real property interests including fee simple estate of and in real property, licences (from landowners and authorities permitting the use of land by the Purchaser or its Subsidiariessubsidiaries), leases, rights of way, occupancy rights, surface rights, mineral rights, easements and all other real property interests in respect of the Purchaser Material Properties, in each case as are necessary to perform the operation of its business as presently owned and conducted in all material respects. (iiiii) All material federal unpatented mining mineral tenures and mineral property claims in which the Purchaser and or the Purchaser Material Subsidiaries have has an interest or right in respect of right, including the Purchaser Material Properties, have been validly located, staked, recorded, paid for, recorded and maintained in accordance with all Laws in all material respects and are valid and subsisting in all material respects. (iv) The . Each of the Purchaser and the Purchaser Material Subsidiaries have has all material surface rights, access rights and access other rights and interests relating to its mineral properties, granting the Purchaser or the Purchaser Material Properties. Each Subsidiaries the right and ability to explore for minerals, ore and metals for development purposes, with only such exceptions as do not materially interfere with the use made by the Purchaser or the Purchaser Material Subsidiaries of the rights or interests so held, and each of the property interests or rights and each of the documents, agreements, instruments and obligations relating thereto and referred to above is currently in good standing in all material respects in the name of the Purchaser or the Purchaser Material Subsidiaries, as applicable, Subsidiaries and free and clear of all material encumbrances and no third party or group holds any such rights that would be required by the Purchaser and the Purchaser Material Subsidiaries to so develop the Purchaser Material Properties.