Option Period Operations Sample Clauses

Option Period Operations. 13 6.1 During the Option Period 13
Sample 1
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Option Period Operations. 6.1 DURING THE OPTION PERIOD (a) During the Option Period: (i) From the proceeds of the above Expenditures, as that term is defined above, the Optionor shall cause Tango to maintain the Property in good standing by paying all appropriate mining duties, taxes or other applicable fees and filing all necessary reports, including those duties and reports referred to in the Mining Act; (ii) The Optionor shall be the Operator; (iii) The Operator shall, at the direction and under the control of the Optionee, prepare, or cause to be prepared, such programs, budgets and studies, including the Feasibility Study, as would enable the Optionee to incur the Expenditures as provided in Article 4; (iv) The Optionor shall cause its designated agent to perform all exploration work so directed by the Operator as a contractor to the Operator at commercially competitive rates and on commercially competitive terms and the Optionor's designated agent shall receive, as consideration therefor, the Operator's Fee. At the time of execution of this Agreement, the Optionor's designated agent is Xxxxxxx, which is subject to the termination provisions outlined in Article 6.1 (b) below; (v) The Operator shall ensure that all work so performed is done in accordance with good mining practice and in compliance with all Applicable Laws and shall indemnify the Optionee from and against all Claims in respect of such work, including liens arising from the non-payment of workers or suppliers; (vi) The Operator shall report on all such work so performed or being performed on such regular intervals and in such detail as the Optionee may request; (vii) Both Parties shall have access to the Property, at their sole risk and expense, and to all records pertaining to the Property; (viii) Both Parties shall have the right to propose that a portion of the Property be abandoned ("Infertile Property") and, if the Parties should agree, the Infertile Property shall, subject to consent by Xxxxxxx, be abandoned; and (ix) Provided the Optionee shall fund the Expenditures contemplated herein, the Optionor shall fulfill its obligations under the Mineral Property Agreement and shall earn a 100% interest in Tango within the time periods provided in the Mineral Property Agreement. (b) Notwithstanding the provisions of Section 6.1, the Optionee may terminate the Optionor as an Operator and its designated agent, including but not limited to Xxxxxxx, as contractor for cause, such as the inability or unwillingness to pe...
Sample 1
Option Period Operations 
Sample 1

Related to Option Period Operations

  • Retention periods Documentation which serves as evidence of orderly and proper data processing must be retained by ATOSS in accordance with the applicable statutory retention periods beyond the end of the contract. To relieve itself of this obligation, ATOSS may turn said documentation over to the Customer at the end of the contract.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Period of Option Unless the Option is previously terminated pursuant to this Agreement, the term of the Option and this Agreement shall commence on the Date of Grant and shall terminate upon the tenth anniversary of the Date of Grant. Upon termination of the Option, all rights of the Optionee (including, without limitation, his or her guardian or legal representative) hereunder shall cease.

  • Planning Period All observations must be conducted openly and with full knowledge of the employee.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Evaluation Period Until 5:00 p.m. Eastern time on August 16, 2002 (the "Evaluation Period"), Purchaser and its authorized agents and representatives (for purposes of this Article V, the "Licensee Parties") shall have the right, subject to the right of any Tenants, to enter upon the Real Property at all reasonable times during normal business hours to perform an inspection of the Real Property, the Improvements and the Personal Property. Purchaser will provide to Seller notice (for purposes of this Section 5.1(a), an "Entry Notice") of the intention of Purchaser or the other Licensee Parties to enter the Real Property at least 24 hours prior to such intended entry and specify the intended purpose therefor and the inspections and examinations contemplated to be made and with whom any Licensee Party will communicate. At Seller's option, Seller may be present for any such entry and inspection. Purchaser shall not communicate with or contact any of the Tenants or any of the Authorities without the prior written consent of Seller, which consent shall not be unreasonably withheld or delayed. If Purchaser shall elect to communicate with any of the Authorities and Seller consents thereto, Purchaser shall give Seller prior notice thereof, and Seller and Seller's representatives shall have the right, but not the obligation, to attend, and participate in, all such meetings. Notwithstanding anything to the contrary contained herein, no so-called Phase II environmental physical testing or sampling shall be conducted during any such entry by Purchaser or any Licensee Party upon the Real Property without Seller's specific prior written consent, which consent shall not be unreasonably withheld or unduly delayed. TIME IS OF THE ESSENCE with respect to the provisions of this Section 5.1.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

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