To earn a 51% undivided interest
in the SIB project from Eskay Mining, Silver Standard is required to complete a USD 300,000 private placement in Eskay Mining, and spend an aggregate of USD 11.
Following the exercise of the first option, Weststar may elect to have a second option to earn an additional 30% undivided interest
in the Property in consideration for an additional amount of $1,000,000 in exploration expenditures on the property over a period of two (2) years.
The court went on to hold that in view of the lack of a "common and undivided interest
," neither the total disgorgement amount requested nor the possible punitive damages could be used to satisfy the jurisdictional amount requirement.
The aggregation of these fractional undivided interests
would preempt the use of a valuation discount that would otherwise be available if the interests were valued separately.
Further, pursuant to the agreement BHP has the option to buy a 50% undivided interest
in 51,720 net acres on or before 1 May 2012 after initiating horizontal completion of one of the two wells in which operation it will help Energen Resources.
Example: X gives a 1/12 undivided interest
in a sculpture to a museum, allowing it to display it one month per year.
However, it is a question of fact whether payments an employee receives from the employer (under an employment contract or otherwise) are attributable to the employee's transfer of all substantial rights to a patent (or an undivided interest
therein) or are compensation for services rendered.
A co-owner may generally issue an option to purchase its undivided interest
in the property (i.
A tax adviser should consider creating discount opportunities for an estate of a surviving spouse by providing on the death of the first spouse for an undivided interest
in property to pass outright to the surviving spouse and any remaining interest to pass to a QTIP trust for the surviving spouse's benefit.
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.