Default and Force Majeure. 8.1 If Lessee will be in default in performing any obligations (except the timely payment of royalties), Lessee shall lose no rights unless, within sixty (60) days following written notice from Lessor, given at the address herein specified, specifying such failure or breach, Lessee shall fail to make such payment or undertake to cure such default by commencement and follow through of appropriate performance, within a reasonable amount of time. Upon such failure, Lessor may terminate this Lease.
Appears in 3 contracts
Samples: Mining Lease Agreement (Utah Clay Technology Inc), Mining Lease Agreement (Utah Clay Technology Inc), Mining Lease Agreement (Utah Clay Technology Inc)
Default and Force Majeure. 8.1 If Lessee will be in default in performing any obligations (except the timely payment of royalties), Lessee shall lose no rights unless, within sixty (60) days following written notice from Lessor, given at the address herein specified, specifying such failure or breach, Lessee shall fail to make such payment or undertake to cure such default by commencement and follow through of appropriate performance, within a reasonable amount of time. Upon such failure, Lessor may Lessormay terminate this Lease.
Appears in 2 contracts
Samples: Agreement (Utah Clay Technology Inc), Agreement (Utah Clay Technology Inc)
Default and Force Majeure. 8.1 If Lessee will be in default in performing any obligations (except the timely payment of royaltiesroyalt(pound)es), Lessee shall lose no rights unless, within sixty (60) days following written notice from Lessor, given at the address herein specified, specifying such failure or breach, Lessee shall fail to make such payment or undertake to cure such default by commencement and follow through of appropriate performance, within a reasonable amount of time. Upon such failure, Lessor may terminate this Lease.
Appears in 1 contract
Samples: Agreement (Utah Clay Technology Inc)