Common use of Nonmonetary Consideration Clause in Contracts

Nonmonetary Consideration. If part or all of the consideration to be paid for the offered interest as stated in the Offer Notice is other than money, Non-Seller shall have the right to purchase the offered interest for money consideration in an amount equal to the aggregate of the money consideration, if any, specified in the Offer Notice, plus the Fair Market Value of the consideration other than money.

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement (Emgold Mining Corp)