Common use of Option Not Exercised Clause in Contracts

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) day period set forth in Section 14.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 3 contracts

Samples: In Agreement (Entree Gold Inc), Equity Participation (Entree Gold Inc), In Agreement (Entree Gold Inc)

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Option Not Exercised. If the other Participant does not give such notice within the thirty (30) day period set forth in Section 14.313.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Miranda Gold Corp), Operating Agreement (Royal Gold Inc /De/)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) day period set forth in Section 14.39.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Joint Venture Agreement (Arras Minerals Corp.), Joint Venture Agreement (Silver Bull Resources, Inc.)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) -day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Mining Venture Agreement (Crested Corp), Mining Venture Agreement (Us Energy Corp)

Option Not Exercised. If the other Participant does Participants do not give such notice within the thirty (30) 30 day period set forth in Section 14.313.3, it they shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)

Option Not Exercised. If the other Participant does not give such notice Notice within the thirty (30) day period set forth in Section 14.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co)

Option Not Exercised. If the other Participant does not give such notice within the thirty sixty (3060) day period set forth in Section 14.3SECTION 13.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 2 contracts

Samples: Agreement (Gryphon Gold Corp), Agreement (Golden Phoenix Minerals Inc /Mn/)

Option Not Exercised. If the other Participant Member does not give such notice within the thirty (30) day period set forth in Section 14.35.3 hereof, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this AgreementAgreement or the LLC Agreement as Amended.

Appears in 2 contracts

Samples: Technical Services Agreement (U S Gold Corp), U S Gold Corp

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) day period set forth in Section 14.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Venture Agreement (Miranda Gold Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) -day period set forth in Section 14.313.4, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Midway Gold Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) 30 day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.. SECTION

Appears in 1 contract

Samples: Kennecott Agreement (Golden Phoenix Minerals Inc /Fa/)

Option Not Exercised. If the other Participant does not give such notice Notice within the thirty (30) day period set forth in Section 14.313.3 , it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Venture Agreement (Uranerz Energy Corp.)

Option Not Exercised. If the other Participant does not give such ---------------------- notice within the thirty (30) 30 day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) -day period set forth in Section 14.313.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Development and Operating Agreement (Apollo Gold Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty fifteen (3015) day period set forth in Section 14.313.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Improvements Agreement (Americas Gold & Silver Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) -day period set forth in Section 14.313.03, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) 30 day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Joint Venture Agreement (Stirrup Creek Gold LTD)

Option Not Exercised. If the other Participant party does not give such notice within the thirty (30) -day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Ventures Inc /De/)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) 15 day period set forth in Section 14.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: In and Joint Venture Agreement (Pan American Lithium Corp)

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Option Not Exercised. If the other Participant Member does not give such notice within the thirty (30) -day period set forth in Section 14.315.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Ventures Inc /De/)

Option Not Exercised. If the other Participant does Members collectively do not give such notice within the thirty (30) day period set forth in Section 14.36.3 hereof, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement or the Operating Agreement.

Appears in 1 contract

Samples: Members' Agreement (U S Gold Corp)

Option Not Exercised. If the other Participant Member does not give such notice Notice within the thirty twenty (3020) day period set forth in Section 14.312.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hecla Mining Co/De/)

Option Not Exercised. If the other Participant does not give such notice within the thirty forty-five (3045) day period set forth in Section 14.313.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Canyon Resources Corp)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) 30 day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Hecla Mining Co/De/)

Option Not Exercised. 14.4 If the other Participant does not give such notice within the thirty (30) day period set forth in Section §14.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Venture Agreement (Amarc Resources LTD)

Option Not Exercised. If the other Participant does not give such notice within the thirty ninety (3090) day period set forth in Section 14.313.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Thompson Creek Metals CO Inc.)

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) 30 day period set forth in Section 14.313.4, it the non-acquiring Participant shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Option Agreement

Option Not Exercised. If the other Participant does not give such notice within the thirty (30) -day period set forth in Section 14.313.3, it shall have no interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Property or continue to be subject to this Agreement.. ARTICLE XIV

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

Option Not Exercised. If the other Participant does Participants do not give such notice within the thirty (30) day period set forth in Section 14.313.3, it they shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Hecla Mining Co/De/)

Option Not Exercised. If the other Participant ParticipantMember does not give such notice within the thirty (30) day period set forth in Section 14.313.3, it itneither such Member nor the Company shall have no noany interest in the acquired interestsinterest, and the acquired interests interest shall not be a part of the Assets Properties or continue to otherwise be subject to this Agreement.

Appears in 1 contract

Samples: Venturelimited Liability Company Agreement

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