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Common use of Escobal Mine Clause in Contracts

Escobal Mine. From the Effective Date until the earlier of the Payment Date and the Termination Date, each of Pan American and Minera San Xxxxxx covenants to: (a) use its commercially reasonable efforts to: (i) have the mining license and export credentials for the Escobal Mine reinstated; and (ii) cause the Payment Condition to be met without unreasonable delay; (b) use its commercially reasonable efforts to: (i) assist the Guatemala Ministry of Environment, the Guatemala Ministry of Energy and Mines and any other organization identified by the Constitutional Court of Guatemala in its October 8, 2018 final order to meet their legal obligations, including but not limited to, execution of an ILO 169 consultation process and preparation of studies required as a condition for restart of operations at the Escobal Mine; and (ii) support Minera San Xxxxxx in the satisfaction of its legal obligations, including but not limited to, court-ordered requirements and processes; and (c) diligently pursue the satisfaction of the Payment Condition in good faith.

Appears in 3 contracts

Samples: Arrangement Agreement (Pan American Silver Corp), Arrangement Agreement (Tahoe Resources Inc.), Arrangement Agreement

Escobal Mine. β€Œ From the Effective Date until the earlier of the Payment Date and the Termination Date, each of Pan American and Minera San Xxxxxx covenants to: (a) use its commercially reasonable efforts to: (i) have the mining license and export credentials for the Escobal Mine reinstated; and (ii) cause the Payment Condition to be met without unreasonable delay; (b) use its commercially reasonable efforts to: (i) assist the Guatemala Ministry of Environment, the Guatemala Ministry of Energy and Mines and any other organization identified by the Constitutional Court of Guatemala in its October 8, 2018 final order to meet their legal obligations, including but not limited to, execution of an ILO 169 consultation process and preparation of studies required as a condition for restart of operations at the Escobal Mine; and (ii) support Minera San Xxxxxx in the satisfaction of its legal obligations, including but not limited to, court-ordered requirements and processes; and (c) diligently pursue the satisfaction of the Payment Condition in good faith.

Appears in 1 contract

Samples: Rights Indenture