ASSETS ON TERMINATION OR EXPIRATION. (a) The Company may within six months of the termination of the Mining Lease or a further period allowed by the Minister, remove the mining plant if the mining plant is removed solely for the purpose of use by the Company or a person deriving title through the Company, in another relevant mining activity in the Country.
ASSETS ON TERMINATION OR EXPIRATION. (a) Upon the termination or expiration of this Agreement, immovable assets of the Company in the Lease Area and all other appurtenances, pits, trenches and boreholes shall on the effective date of termination or expiration, become the property of the Government without charge.
ASSETS ON TERMINATION OR EXPIRATION. Upon the termination or expiration of this Agreement, the Company may within Sixty days from the effective date of such termination, remove from the Licensed Area any structures and installations erected and any movables placed thereon by the Company. Any structures, installations and movables not so removed within the said period shall become the property of the Government without charge.
ASSETS ON TERMINATION OR EXPIRATION. (a) Upon the termination or expiration of this Agreement, immovable assets of the Company in the Mining Area and all other appurtenances, pits, trenches and boreholes shall on the effective date of termination or expiration, become the property of "the Government" without charge. (b) All materials, supplies, vehicles and other movable assets of the Company in the Mining Area which are fully depreciated for tax purposes, shall become the property of the Government without charge on the effective date of termination or expiration. Any such property which is not then fully depreciated for tax purposes shall be offered for sale to The Government within sixty days from the effective date of such termination or expiration at the depreciated cost. If the Government shall not accept such offer within sixty days, the Company may sell, remove or otherwise dispose of all such property within a period of one hundred and eighty days after the expiration of such offer. All such property not sold, removed or otherwise disposed of shall become the property of "the Government" without charge. (c) Notwithstanding the foregoing, the Secretary, may by notice to the Company require the removal or destruction of any assets of the Company in the Lease Area and if the Company does not remove or destry such assets within a period of thirty days xxxx xhe date of the Secretary's notice to that effect, the Secretary shall cause such removal or destruction at the expense of the Company. (d) The Company shall take all reasonable measures to ensure that all of the assets to be offered for sale to "the Government" or transferred to "the Government" in accordance with this Paragraph shall be maintained in substantially the same condition in which they were at the date of the termination or the date on which the Company reasonably knew that such termination would occur and any such assets shall not be disposed of, dismantled or destroyed except as specifically provided for in this Paragraph.
ASSETS ON TERMINATION OR EXPIRATION a. Upon expiration or termination or of this Agreement, the Company shall within 21 days after the expiration or termination remove from the Licensed Area any structures and installations erected and any movable property brought into the Licensed Area and deliver to the Minerals Commission in hard copy and in electronic form all records, samples, plans, maps, analyses and other data maintained prior to the termination of the Agreement.
