Mining Property Clause Samples

The Mining Property clause defines the specific land or mineral rights that are subject to the agreement. It typically details the location, boundaries, and legal description of the property, and may include references to maps, surveys, or official records to clearly identify the area involved. This clause ensures that all parties have a clear understanding of which property is covered by the contract, thereby preventing disputes over ownership or the scope of rights granted.
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Mining Property. Polymet intends, through the execution of the Option Agreement and subsequent exercise of the option contained therein, to acquire 100% of the Mining Concession, including, with no additional cost whatsoever, all rights existing over superficial lands, water rights and any other right that is necessary for the development of projects in the Mining Concessions, that are directly or indirectly owned by the Proprietor.
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Mining Property. The Loan Parties own or have an interest in all Real Property (whether owned or leased) as necessary for the mining operations and related operations and activities of the Loan Parties as currently conducted.
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Mining Property. (a) The Vendor is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence Renewal No. 2810/2004 known as "Tabora". (b) Atlas Africa is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence No. 3117/2005 known as "Morogoro". (c) The Vendor is the sole partner of a joint venture with Atlas Africa concerning all developments on and to the Morogoro property. (d) Atlas Africa is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence No. 3118/2005 known as "KM 7". (e) The Vendor is the sole partner of a joint venture with Atlas Africa concerning all developments on and to the KM 7 property. (f) Save and except as described in this Agreement, there are no other agreements, adverse interests or options to acquire or purchase the Licences or any portion thereof. No person has any proprietary or possessory interest in the Licences. Other than the 3% royalty held by the government of Tanzania, no person is entitled to any royalty or other payment in the nature of rent or royalty on any minerals, metals or concentrates or any other such products removed or produced from the Licences. (g) The Tabora Licence is accurately described in Schedule "A" and is free and clear of all Encumbrances (as defined below) subject only to the permitted Encumbrances described in Schedule "A". The Tabora Licence has been properly registered in the applicable Tanzanian land registry office. The Tabora Licence has been properly staked, tagged, located and recorded in accordance with the applicable Tanzania mining laws. (h) A complete copy of the Atlas Africa Agreements are attached hereto as Schedules "C" and "D". (i) The Morogoro Licence and KM 7 Licence are accurately described in Schedule "B" and will be free and clear of all Encumbrances on the Second Closing Date, subject only to the permitted Encumbrances described in Schedule "B". The Morogoro Licence and KM 7 Licence have been properly registered in the applicable Tanzanian land registry office. The Morogoro Licence and KM 7 Licence have been properly staked, tagged, located and recorded in accordance with the applicable Tanzania mining laws. (j) There are no outstanding work orders or actions required or reasonably anticipated to be required to be taken in respect of the rehabilitation or restoration of the property covered by the Licences or relating to environmental matters in respect of the Licences including without limitation, waste disposal a...
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Mining Property. With respect to the mining properties held by the Companies, the Companies have good and merchantable title to the fee interests in, or a valid leasehold interest in the leases in, or valid claims (patented or unpatented) in, the mineral properties or interests, including royalty interests and other legal or beneficial interests in minerals.
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Mining Property. With respect to the mining properties held by Seller, Seller has good and merchantable title to the fee interests in, or a valid leasehold interest in the leases in, or valid claims (patented or unpatented) in, the mineral properties or interests, including royalty interests and other legal or beneficial interests in minerals, subject to minor defects in title which do not, individually or in the aggregate, cause a material adverse impact on the use, development and/or operation as a mine and enjoyment of the property and the operation of a mine on such property.
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Mining Property. The Borrower owns or has an interest in all Real Property (whether owned or leased) as necessary for the mining operations and related operations and activities of the Borrower as currently conducted. Neither Borrower nor any of its Affiliates will directly or indirectly enter into any transaction with Hallador or any of its Affiliates (other than the Loan Parties) with respect to any Real Property (whether owned or leased) which is used or useful in the mining operations and related operations and activities of the Borrower, except as may be entered into after the Closing Date and for transactions that are consistent with the Borrower’s ordinary course of business and that are undertaken upon fair and reasonable terms fully disclosed to the Administrative Agent and no less favorable than would be obtained in a comparable arms-length transaction with a non-Affiliate.
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Mining Property. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Moruna states that the party which he is representing, LOS POTRILLOS, is owner of the exploitation concessions that are indicated below, hereinafter referred to as "Mining Property", which together form "Proyecto ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇"; whose state is that which is indicated; all located in the community of Tierra Amarilla, Copiapo, Region III of Atacama; and, whose titles are registered in the Conservator of Mining, Copiapo, as indicated as follows:
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Related to Mining Property

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Additional Property The Trustee is specifically authorized to receive additional property from any source and to hold and administer this property as part of the Trust Estate.

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information) Mailing Address: [PROPERTY MAILING ADDRESS] Residence Type: ☐ Apartment ☐ House ☐ Condo ☐ Other: [OTHER] Bedroom(s): [# OF BEDROOMS] Bathroom(s): [# OF BATHROOMS] The aforementioned property shall be leased wholly by the Tenant (“Premises”).

  • Real Property (a) Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. (b) Section 3.15(b) of the Company Disclosure Letter contains a complete and accurate list of all of the existing material leases, subleases, licenses or other agreements under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy, now or in the future, any real property in excess of 7,500 square feet (such property, the “Leased Real Property”, and each such lease, sublease, license or other agreement, a “Lease”). The Company has heretofore delivered or made available to Newco a complete and accurate copy of all Leases (including all modifications, amendments, supplements, waivers and side letters thereto). With respect to each of the Leases: (A) the Company’s or Subsidiary’s possession and quiet enjoyment of the Leased Real Property under such Lease has not been disturbed, and to the Company’s or Subsidiary’s knowledge, there are no disputes with respect to such Lease; (B) the Company or Subsidiary has not collaterally assigned or granted any other security interest in such Lease or any interest therein; (C) the Company or Subsidiary has not subleased, licensed or otherwise granted any Person the right to use or occupy such Leased Real Property or any portion thereof; and (D) there are no liens or encumbrances on the estate or interest created by such Lease, other than Permitted Liens which are not of the type described in clause (iii) of the definition thereof. The Company and/or its Subsidiaries have and own valid leasehold estates in the Leased Real Property, free and clear of all liens other than Permitted Liens. To the knowledge of the Company, neither the Company nor any of its Subsidiaries is in material breach of or default under any Lease. (c) Section 3.15(c) of the Company Disclosure Letter contains a complete and accurate list of all of the existing subleases, licenses or similar agreements (each a “Sublease”) granting to any Person, other than the Company or any of its Subsidiaries, any right to use or occupy, now or in the future, any of the Leased Real Property. With respect to each of the Subleases: (A) to the Company’s Knowledge, there are no disputes with respect to such Sublease; and (B) the other party to such Sublease is not an Affiliate of, and otherwise does not have any economic interest in, the Company or any Subsidiary. (d) Section 3.15(d) of the Company Disclosure Letter sets forth for each Lease and Sublease (i) the expiration date of such Lease or Sublease, (ii) any payments in connection with such Lease or Sublease triggered or accelerated in connection with the transactions contemplated by this Agreement and (iii) the amount of the security deposit, if any, applicable to such Lease or Sublease.