undivided interest

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  • noun

Synonyms for undivided interest

the interest in property owned by tenants whereby each tenant has an equal right to enjoy the entire property

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Initially, Weststar have a first option to earn a 50% undivided interest in the property in consideration for: (a) a cash payment of $15,000 in cash at closing, (b) the issuance of 350,000 common shares of Weststar at closing, and (c) an amount of $1,000,000 in exploration expenditures on the Property over a period of three (3) year as follows: (i) on or before the first anniversary of closing, an amount of $250,000, of which at least $175,000 (70%) will consist of diamond drilling (ii) on or before the second anniversary of closing, an additional amount of $300,000, of which at least $210,000 (70%) will consist of diamond drilling, and (iii) on or before the third anniversary of closing, an additional amount of $450,000, of which $315,000 (70%) will consist of diamond drilling.
Woodpat is an undivided interest pipeline system of which Shell Pipeline owns 60 percent.
The Company may also seek to have the undivided interests in the property partitioned so that it has complete ownership of the land on which it was constructing its pipeline.
Great Lakes has the option at any time prior to the date which is 12 months following the commencement of commercial production at Grouse Creek to purchase up to an additional 10 percent undivided interest in the project by paying to Hecla an amount equal to approximately U.
Example: X gives a 1/12 undivided interest in a sculpture to a museum, allowing it to display it one month per year.
Proceeds of the offering, expected to be $35 million, will be used to fund the purchase by Great Lakes of a 20 per cent undivided interest in the Grouse Creek Gold Project from Hecla Mining Company (HL-NYSE) of Coeur d'Alene, Idaho, for approximately U.
The notes represent senior undivided interest in the trust assets.
1235(a), a transfer (other than by gift, inheritance or devise) of property consisting of all substantial rights to a patent, or an undivided interest therein that includes a part of all such rights, by any holder, will be treated as the sale or exchange of a capital asset held for more than one year, regardless of whether payments in consideration of such transfer are (1) payable periodically over a period generally coterminous with the transferee's use of the patent or (2) contingent on the productivity, use or disposition of the property transferred.
IRVING, Texas -- Exxon Mobil Corporation (NYSE:XOM) and subsidiaries have signed agreements today with Abu Dhabi National Oil Company (ADNOC) through which ExxonMobil Abu Dhabi Offshore Petroleum Company Limited (EMAD) receives a 28 percent undivided interest out of ADNOC's 88 percent interest in the Upper Zakum Oil Field.
Each co-owner must share in all revenues generated by the property and all associated costs, in proportion to its undivided interest.
to acquire a 100% undivided interest in a strategic block of uranium claims located in the prolific Joenensuu magistrate in Eastern Finland.
5% undivided interest in Texas real estate and 50% undivided interests in New Mexico real estate and a yacht.
Novicourt" or the "Company") is the owner of a 45% undivided interest in the now closed Louvicourt Mine through its participation in the Novicourt/Aur Resources Inc.
Normabec has agreed to acquire the Optionor's 100% undivided interest in the Property located in the northern part of the San Luis Potosi State, approximately 25 kilometers west of the town of Matehuala, which lies approximately 200 kilometers due south of the industrial cities of Monterrey/Saltillo and about 170 kilometers due north of the city of San Luis Potosi.
Instead, Warren should make a gift of an undivided interest in the specified assets to his wife, Buffy, and they should jointly form the partnership.