Common use of Obligations on termination of the Option Clause in Contracts

Obligations on termination of the Option. If the Option is terminated otherwise than upon the exercise thereof pursuant to this Article, then the Optionee shall: (a) leave in good standing for a period of at least 60 calendar days from the termination of the Option those mineral property interests comprising the Assets that are in good standing on the date thereof; (b) cause to be delivered to the Optionor the Transfer Documents (as hereinafter defined) and a xxxx of sale in recordable form whereby the Optionee's entire right, title and interest in and to the mineral property interests comprising the Assets has been transferred to the Optionor free and clear of all liens or charges arising from the Optionee's activities on the mineral property interests comprising the Assets to the date thereof; and (c) deliver at no cost to the Optionor within 30 calendar days of such termination copies of all reports, maps, assay results and other relevant technical data compiled by or in the possession of the Optionee with respect to the mineral property interests comprising the Assets and not theretofore already furnished to the Optionor.

Obligations on termination of the Option. If the Option is terminated otherwise than upon the exercise thereof pursuant to this Article, then the Optionee shall: (a) leave in good standing for a period of at least 60 calendar days from the termination of the Option those mineral property interests comprising the Assets that are in good standing on the date thereof; (b) cause to be delivered to the Optionor Optionors the Transfer Documents (as hereinafter defined) and a xxxx bills of sale in recordable form whereby the Optionee's ’s entire right, title and interest in and to the mineral property interests comprising the Assets has been transferred to the Optionor Optionors free and clear of all liens or charges arising from the Optionee's ’s activities on the mineral property interests comprising the Assets to the date thereof; and (c) deliver at no cost to the Optionor Optionors within 30 calendar days of such termination copies of all reports, maps, assay results and other relevant technical data compiled by or in the possession of the Optionee with respect to the mineral property interests comprising the Assets and not theretofore already furnished to the OptionorOptionors.

Obligations on termination of the Option. If the Option is terminated otherwise than upon the exercise thereof pursuant to this Article, then the Optionee shall: (a) leave in good standing for a period of at least 60 90 calendar days from the termination of the Option those mineral property concession interests comprising the Assets Property that are in good standing on the date thereof; (b) cause to be delivered to the Optionor the Transfer Documents (as hereinafter defined) and a xxxx of sale in recordable form whereby the Optionee's entire right, title and interest in and to the mineral property concession interests comprising the Assets Property has been transferred to the Optionor free and clear of all liens or charges arising from the Optionee's activities on the mineral property concession interests comprising the Assets Property to the date thereof; and (c) deliver at no cost to the Optionor within 30 90 calendar days of such termination copies of all reports, maps, assay results and other relevant technical data compiled by or in the possession of the Optionee with respect to the mineral property concession interests comprising the Assets Property and not theretofore already furnished to the Optionor.