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 Purchaser 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 Property that are in good standing on the date thereof; (b) cause to be delivered to the Vendors the Transfer Documents and bills of sale in recordable form whereby the Purchaser's entire right, title and interest in and to the mineral property interests comprising the Property has been transferred to the Vendors free and clear of all liens or charges arising from the Purchaser's activities on the mineral property interests comprising the Property to the date thereof; and (c) deliver at no cost to the Vendors 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 Purchaser with respect to the mineral property interests comprising the Property and not theretofore already furnished to the Vendors.

Obligations on termination of the Option. If the Option is terminated otherwise than upon the exercise thereof pursuant to this Article, then the Purchaser 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 interests comprising the Property that are in good standing on the date thereof; (b) cause to be delivered to the Vendors Vendor the Transfer Documents and bills of sale in recordable form whereby the Purchaser's entire right, title and interest in and to the mineral property interests comprising the Property has been transferred to the Vendors Vendor free and clear of all liens or charges arising from the Purchaser's activities on the mineral property interests comprising the Property to the date thereof; and (c) deliver at no cost to the Vendors Vendor 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 Purchaser with respect to the mineral property interests comprising the Property and not theretofore already furnished to the VendorsVendor.

Obligations on termination of the Option. If the Option is terminated otherwise than upon the exercise thereof pursuant to this Article, then the Purchaser 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 Property that are in good standing on the date thereof; (b) cause to be delivered to the Vendors the Transfer Documents and bills of sale in recordable form whereby the Purchaser's ’s entire right, title and interest in and to the mineral property interests comprising the Property has been transferred to the Vendors free and clear of all liens or charges arising from the Purchaser's ’s activities on the mineral property interests comprising the Property to the date thereof; and (c) deliver at no cost to the Vendors 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 Purchaser with respect to the mineral property interests comprising the Property and not theretofore already furnished to the Vendors.