Common use of Conversion of Claims Clause in Contracts

Conversion of Claims. If during the term of this Agreement federal or state laws are changed or enacted to provide for some alternative basis for holding mining or mining-related rights in public lands, Lessee, in its sole and exclusive discretion, may make such location, filing or application for claim, license or permit in Lessor’s name as may be required or permitted by such new or modified laws with respect to the ground covered by the Premises. Lessor gives Lessee full power and authority as Lessor’s attorney-in-fact to make such location, filing or application. Any such claim, license or permit shall be subject to this Agreement.

Conversion of Claims. If during the term of this Agreement federal or state laws are changed or enacted to provide for some alternative basis for holding mining or mining-related rights in public lands, Lessee, in its sole and exclusive discretion, may make such location, filing or application for claim, license or permit in Lessor’s 's name as may be required or permitted by such new or modified laws with respect to the ground covered by the Premises. Lessor gives Lessee full power and authority as Lessor’s attorney-in-fact to make such location, filing or application. Any such claim, license or permit shall be subject to this Agreement.

Conversion of Claims. If during the term of this Agreement federal or state laws are changed or enacted to provide for some alternative basis for holding mining or mining-related rights in public lands, Lessee, in its sole and exclusive discretion, may make such location, filing or application for claim, license or permit in Lessor’s 's name as may be required or permitted by such new or modified laws with respect to the ground covered by the Premises. Lessor gives Lessee full power and authority as Lessor’s 's attorney-in-fact to make such location, filing or application. Any such claim, license or permit shall be subject to this Agreement.