Common use of Operational Matters Clause in Contracts

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect on the Company or as disclosed in the Company Disclosure Letter: (a) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company or any of the Company Subsidiaries, have been: (A) duly paid; (B) duly performed; or (C) provided for prior to the date hereof; and (b) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts to which the Company or any of the Company Subsidiaries is directly or indirectly bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Appears in 2 contracts

Sources: Arrangement Agreement (Maverix Metals Inc.), Arrangement Agreement (Triple Flag Precious Metals Corp.)

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect on with respect to the Company or as disclosed in the Company Disclosure LetterCompany: (a) except as disclosed in Section 3.1(33)(a) of the Company Disclosure Letter, all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company or any of the Company SubsidiariesCompany, have been: (A) duly paid; (B) duly performed; or (C) provided for prior to the date hereof; and (b) except as disclosed in Section 3.1(33)(b) of the Company Disclosure Letter, all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts contracts and agreements to which the Company or any of the Company Subsidiaries is directly or indirectly bound, bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of businessOrdinary Course.

Appears in 2 contracts

Sources: Arrangement Agreement (Westwater Resources, Inc.), Arrangement Agreement (Westwater Resources, Inc.)

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect on with respect to the Company or as disclosed in the Company Disclosure LetterCompany: (a) except as disclosed in Section 3.1(29)(a) of the Company Disclosure Letter, all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company or any of the Company SubsidiariesCompany, have been: (A) duly paid; (B) duly performed; or (C) provided for prior to the date hereof; and (b) except as disclosed in Section 3.1(29)(b) of the Company Disclosure Letter, all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts contracts and agreements to which the Company or any of the Company Subsidiaries is directly or indirectly bound, bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of businessOrdinary Course.

Appears in 1 contract

Sources: Arrangement Agreement (Nevsun Resources LTD)

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect on the Company CNM or as disclosed otherwise set forth in the Company Disclosure LetterCNM Public Documents: (ai) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company CNM or any of the Company Subsidiaries, have its Subsidiaries has been: (A) duly paid; (B) duly performed; or (C) provided for prior to the date hereof; and (bii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts and agreements to which the Company CNM or any of the Company its Subsidiaries is are directly or indirectly bound, bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Appears in 1 contract

Sources: Arrangement Agreement

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect on the Company or as disclosed in the Company Disclosure LetterCompany: (ai) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company or any of and the Company Company’s Subsidiaries, have been: (A) duly paid; (B) duly performed; or (C) provided for prior to the date hereof; and (bii) except as disclosed in the Company Disclosure Letter, all costs, expenses, and liabilities Liabilities payable on or prior to the date hereof under the terms of any Material Contracts to which the Company or any of the Company Company’s Subsidiaries is directly or indirectly bound, bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of businesscourse.

Appears in 1 contract

Sources: Arrangement Agreement (SolarBank Corp)

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Company Material Adverse Effect on the Company or as disclosed in the Company Disclosure LetterEffect: (a) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of the Company or any of the Company SubsidiariesCompany, its Subsidiaries and its material joint ventures, have been: (Ai) duly paid; (Bii) duly performed; or (Ciii) provided for prior to for the date hereof; and (b) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts contracts and agreements to which the Company or any of the Company its Subsidiaries or material joint ventures is directly or indirectly bound, bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Appears in 1 contract

Sources: Support Agreement (Kinross Gold Corp)