Common use of LESS THAN 100% INTEREST Clause in Contracts

LESS THAN 100% INTEREST. In the event it is determined that AM controls less than the full undivided interest therein, AM's interest hereunder shall bear the same proportion to 100% as its total actual interest bears to the full undivided whole.

Appears in 2 contracts

Sources: Joint Venture Agreement (Trend Mining Co), Joint Venture Agreement (Aurora Metals Bvi LTD)