Common use of ASSETS ON TERMINATION OR EXPIRATION Clause in Contracts

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.

Appears in 3 contracts

Samples: Earn in Agreement (North Springs Resources Corp.), Earn in Agreement (Norman Cay Development, Inc.), Xtra-Gold Resources Corp

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ASSETS ON TERMINATION OR EXPIRATION. Upon the termination or expiration of this Agreement, the Company may within Sixty 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.

Appears in 2 contracts

Samples: Xtra-Gold Resources Corp, Xtra-Gold Resources Corp

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