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. 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. GPM may, in its sole and exclusive discretion, abandon any of the Claims. GPM shall give written notice to XXXXXX of its election to abandon a Claim which notice shall describe the Claim to be abandoned. XXXXXX 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. XXXXXX shall deliver written notice of his election. If XXXXXX 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 XXXXXX or abandonment of the Claim by GPM, the obligations of GPM to XXXXXX 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. 11.1 EPL may not abandon any one or more claims or other property interests comprising the Property without XXX’s prior written consent, such consent not to be unreasonably withheld. Upon XRI’s consent to such abandonment, such abandoned claims or other property interests shall cease to form part of the Property, provided that the Option exercise requirements set out in Section 2.2 will remain the same.
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. 30.1.1 The Municipal Manager must ensure that all avenues are utilised to collect the municipality’s debt.
