Amendment, Relocation and Abandonment of Unpatented Claims Sample Clauses

Amendment, Relocation and Abandonment of Unpatented Claims. During the SFPMC Lease Term, SFPMC shall have the right, but not the obligation, to amend, relocate or abandon any of the Unpatented Claims encompassed within the SFPMC Leased Property, to the extent that such amendment, relocation or abandonment is reasonably necessary to facilitate or optimize the operations of the Mesquite Mine. SFPMC shall provide to HNRC no less than 30 days prior written notice of such a proposed amendment, relocation or abandonment. Such notice shall set forth with specificity the action to be taken, the rationale therefor and the specific Unpatented Claims involved. HNRC shall have the right to consult with SFPMC relative to the advisability of the proposed action. HNRC shall also have the right, by providing written notice thereof to SFPMC within the 30 day period described above, to elect to receive from SFPMC, at no charge, an assignment or conveyance of any Unpatented Claims proposed for abandonment. Within ten days following the provision of such written notice to SFPMC, SFPMC shall execute and deliver to HNRC a deed, in form and substance reasonably satisfactory to HNRC, conveying unto HNRC the Unpatented Claims at issue. Any new locations, amendments or relocations effected or established by SFPMC pursuant to the provisions of this Section 4.13 B shall be in the name of HNRC and shall be deemed part and parcel of the SFPMC Leased Property, subject to all the terms and conditions of this Agreement. Except as set forth above to the contrary, HNRC shall cooperate with any amendment, relocation or abandonment proposed by SFPMC and, upon request by and subject to the direction of SFPMC, HNRC shall take all reasonable actions to assist therein, including without limitation by the execution and filing of instruments, notices or other documents, provided that HNRC shall not be obligated to incur any out-of-pocket costs or expenses in connection with such actions.
Sample 1
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Related to Amendment, Relocation and Abandonment of Unpatented Claims

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  • Amendment, Modification and Termination Subject to Section 15.2, the Board may, at any time and from time to time, alter, amend, suspend, discontinue or terminate the Plan in whole or in part without the approval of the Company’s stockholders, except that (a) any amendment or alteration shall be subject to the approval of the Company’s stockholders if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Shares may then be listed or quoted, and (b) the Board may otherwise, in its discretion, determine to submit other such amendments or alterations to stockholders for approval.

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