Lease Bond May Be Required. At the time this Lease is executed, Lessor may require Lessee to execute and file with the Lessor a good and sufficient bond or other financial guarantee acceptable to Lessor in order to: (a) guarantee Lessee’s performance of all covenants and obligations under this Lease, including Lessee’s obligation to pay royalties; and (b) ensure compensation for damage, if any, to the surface estate and any surface improvements.
Appears in 7 contracts
Samples: Mining Lease and Agreement, Mining Lease and Agreement (Petroteq Energy Inc.), Mining Lease and Agreement (Raser Technologies Inc)
Lease Bond May Be Required. At the time this Lease is executed, Lessor may require Lessee to execute and file with the Lessor a good and sufficient bond or other financial guarantee acceptable to Lessor in order to: (a) guarantee Lessee’s performance of all covenants and obligations under this Lease, including Lessee’s obligation to pay royalties; and (b) ensure compensation for damage, if any, to the surface estate and any surface improvements.:
Appears in 2 contracts
Samples: Mining Lease and Agreement, Mining Lease and Agreement (Petroteq Energy Inc.)
Lease Bond May Be Required. At the time this Lease is executed, Lessor may require Lessee to execute and file with the Lessor a good and sufficient bond or other financial guarantee acceptable to Lessor in order to: (a) guarantee Lessee’s performance of all covenants and obligations under this Lease, including Lessee’s obligation to pay royalties; and (b) ensure compensation for damage, if any, to the surface estate and any surface improvements.. Generic Mineral Lease Form 6/22/05 Page No. 9
Appears in 1 contract
Samples: Mining Lease and Agreement (Epm Mining Ventures Inc.)
