Common use of Abandonment; Mining Rights Clause in Contracts

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.

Appears in 1 contract

Samples: Execution (Randgold Resources LTD)

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Abandonment; Mining Rights. (ai) The Borrower shall abandon all or any significant portion of its interest in the Mine or the any Project Assets owned by it or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, right rights or interest in the Mine or the Project AssetsAssets owned by it, 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.as:

Appears in 1 contract

Samples: Common Terms Agreement (Golden Star Resources LTD)

Abandonment; Mining Rights. (a) The Borrower shall abandon all or any significant portion of its interest in the Mine or the Project Assets Mines or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, right rights or interest interests in the Mine or the Project AssetsMines, other than as specifically permitted by this Agreement and each other the Loan Document Documents or other than as the Borrower and the Mining Consultant shall have evidenced certified to all the Administrative Agent and the Lenders is not required in connection with the Loulo Projectoperation of the Facilities consistent in all material respects with the Mine Plans.

Appears in 1 contract

Samples: Credit Agreement (Stillwater Mining Co /De/)

Abandonment; Mining Rights. (a) The Borrower shall -------------------------- abandon all or any significant portion of its interest in the Mine or the Project Assets Mines or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, right rights or interest interests in the Mine or the Project AssetsMines, other than as specifically permitted by this Agreement and each other the Loan Document Documents or other than as the Borrower and the Mining Consultant shall have evidenced certified to all the Administrative Agent and the Lenders is not required in connection with the Loulo Project.

Appears in 1 contract

Samples: Credit Agreement (Stillwater Mining Co /De/)

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Abandonment; Mining Rights. (a) The Borrower shall abandon all or any significant portion of its interest in the Mine or the Project Assets Mines or surrender, cancel or release, or suffer any termination or cancellation of any of its rights, right rights or interest interests in the Mine or the Project AssetsMines, other than as specifically permitted by this Agreement and each other the Loan Document Documents or other than as the Borrower and the Mining Consultant shall have evidenced certified to all the Administrative Agent, the Technical Agent and the Lenders is not required in connection with the Loulo Project.

Appears in 1 contract

Samples: Credit Agreement (Stillwater Mining Co /De/)

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