Common use of Obligations Following Expiration, Surrender or Termination Clause in Contracts

Obligations Following Expiration, Surrender or Termination. (a) On the expiration, surrender or termination date of this License by the MINISTER under this Agreement, the Company’s rights and obligations shall be stopped and shall have no right to take any action, deal, or transaction in connection with the Exploration Area, the Company must: (i) Make the Exploration Area safe to the reasonable satisfaction of EMRA so as to prevent injury to persons, livestock or other property, and to prevent offsite damage; (ii) Comply with the Environmental Management Plan or the Closure Plan as required to avoid imminent damage to the environment; (iii) Comply with Applicable Law; and (iv) Hand over the Area to EMRA at the end of the period stipulated in Section30.3.

Obligations Following Expiration, Surrender or Termination. (a) On the expiration, surrender or termination date of this License by the MINISTER under this Agreement, the Company’s rights and obligations shall be stopped and shall have no right to take any action, deal, or transaction in connection with the Exploration Area, the Company must: (i) Make the Exploration Area safe to the reasonable satisfaction of EMRA so as to prevent injury to persons, livestock or other property, and to prevent offsite damage; (ii) Comply with the Environmental Management Plan or the Closure Plan as required to avoid imminent damage to the environment; (iii) Comply with Applicable Law; and (iv) Hand over the Area to EMRA at the end of the period stipulated in Section30.3Section 30.3.