Common use of No Obligation to Mine Clause in Contracts

No Obligation to Mine. Grantor shall have sole discretion to determine the extent of its mining of the Property and the time or the times for beginning, continuing or resuming mining operations with respect thereto. Grantor shall have no obligation to Newmont or otherwise to mine any of the Property.

Appears in 5 contracts

Samples: Exploration Earn in Agreement (Liberty Silver Corp), Minerals Lease and Agreement (Homeland Precious Metals Corp.), Option to Purchase Agreement (Aurelio Resource Corp)

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No Obligation to Mine. Grantor shall have sole discretion to determine the extent of its mining of the Royalty Property and the time or the times for beginning, continuing or resuming mining operations with respect thereto. Grantor shall have no obligation to Newmont Grantee (in its capacity as the holder of this royalty) or otherwise to mine any of the Royalty Property, such obligation being governed solely by the Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Newmont Goldcorp Corp /De/), Limited Liability Company Agreement (Barrick Gold Corp), Implementation Agreement (Barrick Gold Corp)

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No Obligation to Mine. Grantor shall have sole discretion to determine the extent of its mining of the Property Royalty Properties and the time or the times for beginning, continuing or resuming mining operations with respect thereto. Grantor shall have no obligation to Newmont Grantee (in its capacity as the holder of this royalty) or otherwise to mine any of the PropertyRoyalty Properties, such obligation being governed solely by the Agreement.

Appears in 2 contracts

Samples: Implementation Agreement (Barrick Gold Corp), Implementation Agreement (Newmont Mining Corp /De/)

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