Abandonment of Claims. 12.1 The Optionee may abandon any portion of the Property by transferring same to the Optionors, upon two weeks' written notice. Any claims so abandoned shall be in good standing for at least two years from the date title is transferred to the Optionors.
Abandonment of Claims. The Municipal Manager must ensure that all avenues are utilised to collect the municipality’s debt. There are certain circumstances that allow for the valid termination of debt collection procedures as contemplated in section 109(2) of the Systems Act, such as:-
Abandonment of Claims. The Optionee may at any time, elect to abandon any one or more of the mineral claims comprised in the Property by giving two weeks' written notice to the Optionor of such intention; provided that any claims so abandoned shall have at least two (2) years before any further assessment work is due to keep such Mineral Claim in good standing. Following such notice of abandonment under this Section 4.4, the mineral claims so transferred or abandoned shall thereafter cease to form part of the Property and shall no longer be subject to this Agreement, except with respect to any obligations or liabilities of the parties as have accrued to the date of such transfer or abandonment and subject to performing any reclamation on the abandoned mineral claims or providing a bond to provide for future payment of such reclamation requirements.
Abandonment of Claims. If at any time within 20 years form the Closing Date the Purchaser intends to abandon or surrender part or all of the Bonanza Property (the “Abandonment Property”), the Purchaser shall first give notice of such intention to the Sellers at least 60 days in advance of the proposed date of abandonment or surrender. At any time within 30 days of receipt of notice, the Sellers may deliver notice to the Purchaser that the Sellers desire the Purchaser to convey the Abandonment Property to the Sellers. If the Sellers do not request a reconveyance within the thirty (30) day period, the Sellers’ right to do so shall be terminated and the Purchaser may abandon or surrender the Abandonment Property.
Abandonment of Claims. The purchaser may abandon any portion of the Property by transferring same to the Vendors, upon two weeks notice. Any claims so abandoned shall be in good standing for at least one year from the date title is transferred to the Vendor.
Abandonment of Claims. GPM may, in its sole and exclusive discretion, abandon any of the Claims. GPM shall give written notice to XXXX of its election to abandon a Claim which notice shall describe the Claim to be abandoned. XXXX shall have thirty (30) days after its receipt of the notice of abandonment to elect, in his sole and exclusive discretion, to take from GPM a quitclaim deed for the Claim to be abandoned. XXXX shall deliver written notice of his election. If XXXX does not elect to take a quitclaim deed of the Claim, GPM shall have the absolute right to abandon such Claim. On conveyance of the Claim to XXXX or abandonment of the Claim by GPM , the obligations of GPM to XXXX under this Agreement with respect to such conveyed or abandoned Claim shall cease, except such obligations as have accrued before the date of abandonment or reconveyance.
Abandonment of Claims. Following September 1, 2008 and during the Option Term, Portal may elect to abandon and cease to maintain any of the claims comprising any of the Properties (Including any Individual claim or claims) ("Abandoned Claims") by giving the Vendors at least 30 days' notice before the expiration date of the applicable Abandoned Claims, such notice to state that Portal no longer desires the Abandoned Claims to be subject to the Option and the terms of this Agreement. The abandonment of any claims by Portal pursuant to this section 1.3 shall not have any affect on Portal's Option In respect of the remaining claims comprising the Properties under this Agreement. Upon request by the Vendors, Portal will deliver to the Vendors a duly executed quit claim, in form and content satisfactory to the Vendors acting reasonably, in respect of any Abandoned Claims.
Abandonment of Claims. 11.1 The Optionee may abandon any portion of the Boomerang Property by transferring same to the Optionors, upon two weeks' notice. Any claims so abandoned shall be in good standing for at least one year from the date title is transferred to the Optionors.
Abandonment of Claims. 9.1 Should the Optionee, in its sole discretion, determine that some but not all of the Claims no longer warrant further exploration and development, then the Optionee may abandon such Claims (the “Abandoned Claims”) without affecting its rights or obligations under this Agreement, so long as the Optionee provides the Optionor with 30 days notice of its intention to do so and (a) provides the Optionors with a copy of all information and data upon which the Optionee made its determination, and (b) receives the written consent of the Optionors and (c) upon the written request of the Optionors returns such abandoned Claims to the Optionors and the Optionee will:
Abandonment of Claims. It is the intent of the Parties to grant BEI the option to repurchase the Claims for TEN THOUSAND UNITED STATES DOLLARS before the maintenance payments have to be made to prevent the BLM from declaring the Claims deemed abandoned and forfeited for failure to pay the BLM’s required annual maintenance fee. Therefore, in the event of BEI intends to abandon the Claims, BEI will notify PPR in writing at least SIXTY days before any mining claim maintenance fee payments must be made to the BLM to keep the Claims in good standing, and PPR will have the right to purchase all of BEI’s right, title and interest in the Claims for a payment of US$10,000.00, such payment to be made on or before the due date for the maintenance fees.
