Common use of Grantor Rights Clause in Contracts

Grantor Rights. (a) Any one or more of the Indemnified Parties shall have the right, but not the obligation, to access the Operating Records in order to verify that Mining Operations at the Mines comply with Mining Industry Best Practices and the Operating Parameters, and to exercise their respective Grantor Regulatory Rights (the "Inspection Right"). The Indemnitor Parties shall ensure that the Indemnified Parties are able to exercise the Inspection Right during normal operating hours on working days at the expense of the Indemnified Parties and in a manner that does not unreasonable hinder, delay, or interfere with the Indemnitor Parties' operations , provided that the Indemnified Parties shall deliver five days' prior written notice to the Administrative Agent before exercising the Inspection Right. In addition, any Inspection Right related to the Mining Operations at the Mines and the Operating Parameters will be conducted in accordance with applicable health and safety standards for the Mines.

Appears in 1 contract

Samples: Option Agreement (Dakota Territory Resource Corp)

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Grantor Rights. (a) Any one or more of the Indemnified Parties shall have the right, but not the obligation, to access the Operating Records in order to verify that Mining Operations at the Mines Mine comply with Mining Industry Best Practices and the Operating Parameters, and to exercise their respective Grantor Regulatory Rights (the "Inspection Right"). The Indemnitor Parties shall ensure that the Indemnified Parties are able to exercise the Inspection Right during normal operating hours on working days at the expense of the Indemnified Parties and in a manner that does not unreasonable hinder, delay, or interfere with the Indemnitor Parties' operations operations, provided that the Indemnified Parties shall deliver five days' prior written notice to the Grantee Administrative Agent before exercising the Inspection Right. In addition, any Inspection Right related to the Mining Operations at the Mines Mine and the Operating Parameters will be conducted in accordance with applicable health and safety standards for the MinesMine.

Appears in 1 contract

Samples: Joint Venture Agreement (Dakota Territory Resource Corp)

Grantor Rights. (a) Any one or more of the Indemnified Parties shall have the right, but not the obligation, to access the Operating Records in order to verify that Mining Operations at the Mines Mine comply with Mining Industry Best Practices and the Operating Parameters, and to exercise their respective Grantor Regulatory Rights (the "Inspection Right"). The Indemnitor Parties shall ensure that the Indemnified Parties are able to exercise the Inspection Right during normal operating hours on working days at the expense of the Indemnified Parties and in a manner that does not unreasonable hinder, delay, or interfere with the Indemnitor Parties' operations ’ operations, provided that the Indemnified Parties shall deliver five days' prior written notice to the Grantee Administrative Agent before exercising the Inspection Right. In addition, any Inspection Right related to the Mining Operations at the Mines Mine and the Operating Parameters will be conducted in accordance with applicable health and safety standards for the MinesMine.

Appears in 1 contract

Samples: Joint Venture Agreement (JR Resources Corp.)

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Grantor Rights. (a) Any one or more of the Indemnified Parties shall have the right, but not the obligation, to access the Operating Records in order to verify that Mining Operations at the Mines comply with Mining Industry Best Practices and the Operating Parameters, and to exercise their respective Grantor Regulatory Rights (the "Inspection Right"). The Indemnitor Parties shall ensure that the Indemnified Parties are able to exercise the Inspection Right during normal operating hours on working days at the expense of the Indemnified Parties and in a manner that does not unreasonable hinder, delay, or interfere with the Indemnitor Parties' operations ’ operations, provided that the Indemnified Parties shall deliver five days' prior written notice to the Administrative Agent before exercising the Inspection Right. In addition, any Inspection Right related to the Mining Operations at the Mines and the Operating Parameters will be conducted in accordance with applicable health and safety standards for the Mines.

Appears in 1 contract

Samples: Asset Purchase Agreement (JR Resources Corp.)

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