Common use of ASSETS ON TERMINATION OR EXPIRATION Clause in Contracts

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.

Appears in 3 contracts

Samples: Investment Agreement (Newmont Mining Corp /De/), Mining Lease (Golden Star Resources LTD), Mining Lease (Golden Star Resources LTD)

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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 Government” without charge.

Appears in 2 contracts

Samples: Lease (Xtra-Gold Resources Corp), Lease (Xtra-Gold Resources Corp)

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