Common use of Notice of Election Clause in Contracts

Notice of Election. If Lessee elects to exercise the Option, Lessee shall deliver written notice to Owner during the Term of this Agreement. Following Owner’ receipt of Lessee’s notice to exercise the Option, the parties shall make diligent efforts to close the conveyance of the Property within thirty (30) days thereafter.

Appears in 6 contracts

Samples: Purchase Agreement, Purchase Agreement (Idaho North Resources Corp.), Purchase Agreement (Idaho North Resources Corp.)

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Notice of Election. If Lessee elects to exercise the Option, Lessee shall deliver written notice to Owner during the Term of this AgreementOwner. Following On Owner’s receipt of Lessee’s notice to of exercise of the Option, the parties shall make diligent efforts to close the conveyance of the Property Property, as applicable, within thirty (30) days thereafterafter Owner’s delivery of the notice.

Appears in 4 contracts

Samples: Purchase Agreement, Mining Lease and Option to Purchase Agreement (Max Resource Corp.), Mining Sublease and Option to Purchase Agreement (Entourage Mining LTD)

Notice of Election. If Lessee elects to exercise the Option, Lessee shall deliver written notice to Owner Lessor during the Term of this Agreement. Following OwnerLessor’ receipt of Lessee’s notice to exercise the Option, the parties shall make diligent efforts to close the conveyance of the Property within thirty (30) days thereafter.

Appears in 1 contract

Samples: Processing Lease and Option to Purchase Agreement (JPX Global Inc.)

Notice of Election. If Lessee elects to exercise the Option, Lessee shall deliver written notice to Owner during the Term of this AgreementOwner. Following On Owner’s receipt of Lessee’s notice to of exercise of the Option, the parties shall make diligent efforts to close the conveyance of the Property within thirty (30) days thereafterafter Owner’s delivery of the notice.

Appears in 1 contract

Samples: Exploration and Mining Lease and Option to Purchase Agreement (Tombstone Exploration Corp)

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Notice of Election. If Lessee elects to exercise the Option, Lessee shall deliver written notice to Owner during the Term of this AgreementLandowner. Following Owner’ On Landowner’s receipt of Lessee’s notice to of exercise of the Option, the parties shall make diligent efforts to close the conveyance of the Property Surface of the Property, as applicable, within thirty (30) days thereafterafter Landowner’s delivery of the notice.

Appears in 1 contract

Samples: Geothermal Lease Agreement (Nevada Geothermal Power Inc)

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