No Obligation to Mine. Subject to Section 5.G, nothing in this Agreement shall impose any obligation or covenant, express or implied, upon Lessee to conduct any exploration, development or mining operations upon the Premises, it being the intent of the Parties that Lessee shall have sole discretion to determine the technical and economic feasibility, timing, method, manner and rate of conducting any such operations. Only the express duties and obligations provided under this Agreement shall be binding upon Lessee. The nature, manner and extent of all exploration, development, mining and other operations, if any, shall be matters to be determined solely within the discretion of Lessee.
Appears in 5 contracts
Samples: Mineral Lease (Prophecy Development Corp.), Mineral Lease Agreement (Prophecy Development Corp.), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)
No Obligation to Mine. Subject to Section 5.G, nothing Nothing in this Agreement shall impose any obligation or covenant, express or implied, upon Lessee to conduct any exploration, development or mining operations upon the Premises, it being the intent of the Parties that Lessee shall have sole discretion to determine the technical and economic feasibility, timing, method, manner and rate of conducting any such operations. Only the express duties and obligations provided under this Agreement shall be binding upon Lessee. The nature, manner and extent of all exploration, exploration development, mining and other operations, if any, shall be matters to be determined solely within the discretion of Lessee.
Appears in 5 contracts
Samples: Assignment of Contract (Steele Resources Corp), Assignment of Contract (Steele Resources Corp), Mineral Lease Agreement With Option to Purchase (Steele Resources Corp)
No Obligation to Mine. Subject to Section 5.G, nothing Nothing in this Agreement shall impose any obligation or covenant, express or implied, upon Lessee to conduct any exploration, development or mining operations upon the Premises, it being the intent of the Parties that Lessee shall have sole discretion to determine the technical and economic feasibility, timing, method, manner and rate of conducting any such operations. Only the express duties and obligations provided under this Agreement shall be binding upon Lessee. The nature, manner and extent of all exploration, exploration development, mining and other operations, if any, shall be matters to be determined solely within the discretion of Lessee.. J.
Appears in 1 contract
Samples: Mineral Lease Agreement
