Abandonment; Mining Rights. (a) The Borrower shall -------------------------- abandon all or any significant portion of its interest in the Mines or surrender, cancel or release, or suffer any termination or cancellation of any of its rights or interests in the Mines, other than as specifically permitted by the Loan Documents or other than as the Borrower and the Mining Consultant shall have certified to the Administrative Agent and the Lenders is not required in connection with the Project.
(b) Any Person other than the Borrower shall acquire or assert a claim to Mining Rights in respect of all of any portion of properties owned or claimed under unpatented mining claims by the Borrower in connection with the Project, other than (i) Mining Rights affecting any portion of properties that are not material to the development and completion of any Mine as contemplated in the Mine Plans and (ii) such rights or claims as the Administrative Agent (in consultation with the Lenders) and the Mining Consultant determine would not have a Material Adverse Effect.
Abandonment; Mining Rights. (a) The Borrower shall abandon all or any significant portion of its interest in the Mine or the Project Assets other than as specifically permitted by this Agreement and each other Loan Document or other than as is not required in connection with the Morila Project.
(b) Any person other than the Borrower shall acquire Mining Rights in respect of the Morila Project.
Abandonment; Mining Rights. (a) Any of Fairbanks Gold, Xxxxx Creek or Lassen Gold shall abandon all or any significant portion of its interest in the Principal Mine in which it has an interest or the Mine Assets thereat or surrender, cancel or release, or suffer any termination or cancellation of any of its material rights, title or interest in such Principal Mine or such Mine Assets, other than as specifically permitted by this Agreement and each other Loan Document.
(b) Any Person other than Fairbanks Gold, Xxxxx Creek or Lassen Gold shall acquire Mining Rights in respect of all or any portion of the real property constituting the Principal Mine of such Principal Subsidiary if such acquisition shall have a Materially Adverse Effect.
(i) Any of CMM, Guanaco Mining or Nevada Gold shall abandon all or any significant portion of its interest in the Principal Mine in which it has an interest or the Mine Assets thereat or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, title or interest in such Principal Mines or such Mine Assets, if the foregoing shall have a Materially Adverse Effect or (ii) any Person other than CMM, Guanaco Mining or Nevada Gold shall acquire Mining Rights in respect of all or any portion of the real property constituting the Principal Mine in which CMM or such Principal Subsidiary has an interest if such acquisition shall have a Materially Adverse Effect.
Abandonment; Mining Rights. (i) The Borrower shall abandon all or any significant portion of its interest in the Mine or any Project Assets owned by it or surrender, cancel or release, or suffer any termination or cancellation of any of its rights or interest in the Mine or the Project Assets owned by it, other than as:
(A) specifically permitted by this Agreement and each other Finance Document;
(B) in order to affect an orderly closure of the Mine following the Discharge Date where each Royalty Holder has agreed in writing to such orderly closure; or
(C) as the Borrower shall have evidenced to each Secured Party's reasonable satisfaction is not required in connection with the Project.
(ii) Any person other than the Borrower shall acquire Mining Rights in respect of all or any portion of properties relating to the Project other than where the Government of Ghana has granted Mining Rights to another person in respect of substances other than Gold or other precious metals pursuant to any Applicable Law in Ghana and the grant or exploitation of such Mining Rights does not have a Materially Adverse Effect on the Borrower.
Abandonment; Mining Rights. (a) MMS shall abandon all or any significant portion of its interest in the Project or any material Project Assets, put the Project on a care and maintenance basis or surrender, cancel or release, or suffer any termination or cancellation of any of its material rights or interests in the Project or the Project Assets, other than as specifically permitted by this Agreement or other than as MMS shall have evidenced to the Administrative Agent are not required in connection with the Project.
(b) Any Person other than MMS shall acquire valid Mining Rights in respect of all or any portion of the Project Assets, unless the Borrower shall have evidenced to the Administrative Agent that such Mining Rights (as so acquired by such other Person) would not be required in connection with the Project.
Abandonment; Mining Rights. (a) The Borrower shall abandon all or any significant portion of its interest in the Mine or the Project Assets or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, right or interest in the Mine or the Project Assets, other than as specifically permitted by this Agreement and each other Loan Document or other than as the Borrower shall have evidenced to all the Lenders is not required in connection with the Loulo Project.
(b) Any person other than the Borrower shall acquire Mining Rights in respect of all or any portion of properties owned by the Borrower in connection with the Loulo Project.
Abandonment; Mining Rights. (i) The Borrower shall abandon all or any significant portion of its interest in the Kupol Project or any Project Assets owned by it or surrender, cancel or release, or suffer any termination or cancellation of any of its rights or interest in the Kupol Project or the Project Assets, other than as (A) specifically permitted by this Agreement and each other Finance Document or (B) as the Borrower shall have evidenced to each Lender's reasonable satisfaction is not required in connection with the Kupol Project.
Abandonment; Mining Rights. (a) The Borrower shall abandon all or any significant portion of its interest in the Mines or surrender, cancel or release, or suffer any termination or cancellation of any of its rights or interests in the Mines, other than as specifically permitted by the Loan Documents or other than as the Borrower and the Mining Consultant shall have certified to the Administrative Agent and the Lenders is not required in connection with the operation of the Facilities consistent in all material respects with the Mine Plans.
(b) Any Person other than the Borrower shall acquire or assert a claim to Mining Rights in respect of all or any portion of properties owned or claimed under unpatented mining and millsite claims by the Borrower in connection with the operation of the Facilities consistent in all material respects with the Mine Plans, other than (i) Mining Rights affecting any portion of properties that are not material to the operation of any Mine consistent in all material respects with the Mine Plans and (ii) such rights or claims as the Administrative Agent (in consultation with the Lenders) and the Mining Consultant determine could not reasonably be expected to have a Material Adverse Effect.
Abandonment; Mining Rights. (i) Any Obligor shall abandon all or a material part of any Mine or the Project Assets, put any Mine on a care and maintenance basis or surrender, cancel or release, or suffer any termination or cancellation of any of its material rights in any Mine or the Project Assets; or
(ii) Any person other than any Obligor shall acquire Mining Rights in respect of all or any portion of any of the Mines or Project Assets.
Abandonment; Mining Rights. (i) CMGC shall abandon all or any significant portion of its interest in the Kupol Project or any Project Assets owned by it or surrender, cancel or release, or suffer any termination or cancellation of any of its rights or interest in the Kupol Project or the Project Assets, other than as (A) specifically permitted by this Agreement and the Finance Documents or (B) as the Company shall have evidenced to each Noteholder's satisfaction is not required in connection with the Kupol Project.
(ii) Any person other than CMGC shall acquire Mining Rights in respect of all or any portion of properties relating to the Kupol Project.
