Sub-Area Sample Clauses

Sub-Area. Development of a Potential Storage Site by less than all Parties will in respect of the area comprised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 10.1 (a) provided that (a) forfeiture upon default under Section 12.3.3 with respect to operations shall mean forfeiture of the Defaulting Party’s Percentage Interest in the entire Licence Area, subject to the following provisions: (i) The Non Defaulting Parties who are also Sole Risk Participants for any particular sole risk operation shall have the right to acquire the Defaulting Party’s Percentage Interest in the sole risk operation and relevant property and Sub-Area, subject to the provisions of Section 12.3 as applied mutatis mutandis to such sole risk operation, property or Sub-Area, and (ii) All Non Defaulting Parties shall have the right to acquire the Defaulting Party’s Percentage Interest in the remainder of the Licence area, subject to the provisions of Section 12.3; (b) the Sole Risk Participants shall have a right of access to the Sub-Area; and (c) there shall be no separate right of assignment or withdrawal and accordingly Article 10 shall not apply independently to such separate contract. Non-participating Parties shall be indemnified by participating Parties in the manner described in Section 8.4.1.
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Related to Sub-Area

  • Alpine Areas As of 1 March 2024, the Employer shall pay an Alpine disability allowance of $4.45 for hours worked on Projects in alpine areas. These allowances will be adjusted annually in accordance with CPI (All Groups, Melbourne) movements measured in the twelve month period ending the previous December quarter effective as of 1 March 2025, rounded to the nearest 5 cents.

  • Common Area (Check one)

  • Basement Any leaks or evidence of moisture? Yes No Unknown Does Not Apply Comments:

  • ADJACENT EXCAVATION-SHORING If an excavation shall be made upon land adjacent to the demised premises, or shall be authorized to be made, Tenant shall afford to the person causing or authorized to cause such excavation, license to enter upon the demised premises for the purpose of doing such work as said person shall deem necessary to preserve the wall or the building of which demised premises form a part from injury or damage and to support the same by proper foundations without any claim for damages or indemnity against Owner, or diminution or abatement of rent.

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.