Common use of By TRC Clause in Contracts

By TRC. TRC shall have the right to terminate this Agreement at any time by giving Owner written notice of TRC's election to so terminate. Upon the giving of such notice, this Agreement shall automatically terminate without further action of the parties, and TRC shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 13.3.

Appears in 3 contracts

Samples: Mineral Lease Agreement (Timberline Resources Corp), Mineral Lease Agreement (Timberline Resources Corp), Mineral Lease Agreement (Timberline Resources Corp)

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By TRC. TRC shall have the right to terminate this Agreement at any time by giving upon notice to Owner written notice of TRC's election to so terminatespecifying an effective termination date. Upon the giving effective date of such notice, this Agreement shall automatically terminate without further action of the partiesParties, and TRC shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 13.311.3.

Appears in 1 contract

Samples: Timberline Resources Corp

By TRC. TRC shall have the right to terminate this Agreement at any time by giving Owner written notice of TRC's election to so terminate. Any such notice of termination by TRC shall be accompanied by a quitclaim deed conveying to Owner all of TRC’s right, title and interest in and to the Property. Upon the giving of such notice, this Agreement shall automatically terminate without further action of the parties, and TRC shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified 11 in Section 13.3.

Appears in 1 contract

Samples: Mineral Lease Agreement (Timberline Resources Corp)

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By TRC. TRC shall have the right to terminate this Agreement at any time by giving Owner written notice of TRC's election to so terminate. Upon the giving of such notice, this Agreement shall automatically terminate without further action of the parties, and TRC shall have no further rights rights, titles or interests or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 13.311.3.

Appears in 1 contract

Samples: Mineral Lease Agreement (Timberline Resources Corp)

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