Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2005, to September 1, 2006, and for each succeeding annual assessment work year commencing during the term of this Agreement. TOGI 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 and local laws, regulations and ordinances. TOGI shall deliver to Owner proof of TOGI's compliance with this Section not less than fifteen (15) days before the applicable deadline. If TOGI elects to terminate this Agreement more than four (4) months before the deadline for performance of annual assessment work for the succeeding annual assessment year, TOGI shall have no obligation to perform annual assessment work nor to prepare, record and/or file evidence of the same for the following annual assessment year.
Appears in 4 contracts
Samples: Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp)
