Common use of Annual Assessment Work Clause in Contracts

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 to September 1, 2013, and for each subsequent annual assessment work year commencing during the Term and not less than thirty (30) days before the applicable deadline, Lessee shall perform, for the benefit of the Property, work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federal, State, County and local laws, regulations and ordinances. Lessee shall deliver to Owner proof of Lessee’s compliance with this Section not less than fifteens (15) days before the applicable deadline. If Lessee elects to terminate this Agreement more than three (3) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee shall have no obligations to either perform annual assessment work or to prepare, record and /or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 2010, to September 1, 20132011, and for each subsequent succeeding annual assessment work year commencing during the Term term of this Agreement, and not less than thirty (30) days before the applicable deadline, Lessee GSV shall perform, perform for the benefit of the Property, Property work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federalfederal, State, County state and local laws, regulations and ordinances. Lessee GSV shall deliver to Owner proof of LesseeGSV’s compliance with this Section not less than fifteens fifteen (15) days before the applicable deadline. If Lessee GSV elects to terminate this Agreement more than three (3) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee GSV shall have no obligations obligation to either perform annual assessment work or nor to prepare, record and /or and/or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 2011 to September 1, 20132012, and for each subsequent annual assessment work year commencing during the Term and not less than thirty (30) days before the applicable deadline, Lessee shall perform, for the benefit of the Property, work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federal, State, County and local laws, regulations and ordinances. Lessee shall deliver to Owner proof of Lessee’s compliance with this Section not less than fifteens (15) days before the applicable deadline. If Lessee elects to terminate this Agreement more than three (3) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee shall have no obligations to either perform annual assessment work or to prepare, record and /or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September May 1, 2012 2013 to September 1April 30, 20132014, and for each subsequent annual assessment work year commencing during the Term and not less than thirty (30) days before the applicable deadline, Lessee shall perform, for the benefit of the Property, work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federal, State, County and local laws, regulations and ordinances. Lessee shall deliver to Owner Lessor proof of Lessee’s compliance with this Section not less than fifteens (15) days before the applicable deadline. If Lessee elects to terminate this Agreement more than three (3) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee shall have no obligations to either perform annual assessment work or to prepare, record and /or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 2004, to September 1, 20132005, and for each subsequent succeeding annual assessment work year commencing during the Term term of this Agreement, and not less than thirty (30) days before the applicable deadline, Lessee Miranda shall perform, perform for the benefit of the Property, Property work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation recondition and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federalfederal, State, County state and local laws, regulations and ordinances. Lessee Miranda shall deliver to Owner proof of LesseeMiranda’s compliance with this Section not less than fifteens fifteen (15) days before the applicable deadline. If Lessee Miranda elects to terminate this Agreement more than three five (35) months before the deadline for performance of annual assessment work for the succeeding annual assessment yearyear (the deadline is presently September 1), Lessee Miranda shall have no obligations obligation to either perform annual assessment work or nor to prepare, record and /or and/or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 2004, to September 1, 20132005, and for each subsequent succeeding annual assessment work year commencing during the Term term of this Agreement, and not less than thirty (30) days before the applicable deadline, Lessee Romarco shall perform, perform for the benefit of the Property, Property work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federalfederal, State, County state and local laws, regulations and ordinances. Lessee Romarco shall deliver to Owner proof of LesseeRomarco’s compliance with this Section not less than fifteens ten (1510) days before the applicable deadline. If Lessee Romarco elects to terminate this Agreement more than three (3) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee Romarco shall have no obligations obligation to either perform annual assessment work or nor to prepare, record and /or and/or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2012 2005, to September 1, 20132006, and for each subsequent succeeding annual assessment work year commencing during the Term term of this Agreement, and not less than thirty (30) days before the applicable deadline, Lessee Romarco shall perform, perform for the benefit of the Property, Property work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable Federalfederal, State, County state and local laws, regulations and ordinances. Lessee Romarco shall deliver to Owner proof of LesseeRomarco’s compliance with this Section not less than fifteens ten (1510) days before the applicable deadline. If Lessee Romarco elects to terminate this Agreement more than three two (32) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, Lessee Romarco shall have no obligations obligation to either perform annual assessment work or nor to prepare, record and /or and/or file evidence of the same for the following annual assessment year. The parties acknowledge that there are presently no annual assessment work requirements for the unpatented mining claims which constitute the Property.