Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “Economic Force Majeure” shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property.
Appears in 4 contracts
Samples: Mining Lease (Gold Run Inc.), Mining Lease (Gold Run Inc.), Mining Lease (Little Squaw Gold Mining Co)
Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “Economic Force Majeure” shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property. However, Lessee shall continue to pay advance royalties during conditions of Economic Force Majeure.
Appears in 2 contracts
Samples: Mining Lease (Miranda Gold Corp), Mining Lease (Miranda Gold Corp)
Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “"Economic Force Majeure” " shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property. However, Lessee shall continue to pay advance royalties and maintain the Property during conditions of Economic Force Majeure.
Appears in 1 contract
Samples: Mining Lease (MAGELLAN GOLD Corp)
Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “Economic Force Majeure” shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property. However, Lessee shall continue to pay semiannual AMR payments during conditions of Economic Force Majeure.
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Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “Economic Force Majeure” shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property.
Appears in 1 contract
Economic Force Majeure. During the extended term terra of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “"Economic Force Majeure” " shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property. However, Lessee shall continue to pay advance royalties and maintain the Property during conditions of Economic Force Majeure.
Appears in 1 contract
Samples: Mining Lease (MAGELLAN GOLD Corp)
Economic Force Majeure. During the extended term of this Agreement, Lessee shall have the right to suspend operations and hold the Property during periods of Economic Force Majeure. “Economic Force Majeure” shall mean periods during which the price of gold or other mineral commodities is too low to allow economic recovery and sale of ore from the Property. However, lessee shall continue to pay advance royalties during conditions of Economic Force Majeure.
Appears in 1 contract
