Property in Good Standing Sample Clauses

Property in Good Standing. If the Optionee wishes to abandon any one or more of the claims which comprise the Property in accordance with section 14, the Optionee shall have performed sufficient assessment work on such claims, recorded all exploration and development work done on such claims in accordance with the requirements of the Mining Act, paid all necessary fees and done all other acts and things necessary to maintain such claims in good standing for a period of at least one (1) year after the date of abandonment.
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Property in Good Standing. The mining concessions forming part of the Property are in good standing and no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under such mining concessions and all required assessment work, reports, fees, duties and payments have been filed or made and are current. There are no pending or unpaid dues, fees, duties or charges of any kind relating to the Property.
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Property in Good Standing. The mineral leases, patented claim and unpatented claim comprising the Property (as set out in Schedule “C”) shall be in good standing as of the Closing Date.
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Property in Good Standing. The mining claims forming part of the Property are in good standing and no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under such mining claims.
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Property in Good Standing. Buyer shall at all times keep the Property in good standing with all Governmental Authority. Except with the prior written consent of Shenin, which consent may be arbitrarily withheld without disclosing any grounds therefor, Buyer shall not let any right or interest in any Property lapse or otherwise terminate for want of fulfilment of assessment work or similar obligation or bond or payment in lieu thereof as required by any Governmental Authority.
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Property in Good Standing. To the knowledge of Almaden and Xxxxxx Xxxxxxx, the mining claims forming part of the Caballo Xxxxxx Property are in good standing or pending and prior to the date of the Caballo Option Agreement no event, condition or occurrence existed that, after notice or lapse of time or both, would constitute a default with respect to the Caballo Xxxxxx Property;
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Property in Good Standing. The mineral claims comprising the Property (as set out in Schedule “B”) shall be in good standing as of the Closing Date.
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Property in Good Standing. Upon termination of the Option, Halo shall ensure that the Property remains in good standing for not less than 6 months after termination.
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Property in Good Standing. During the term of this Agreement, PDUS (a) shall perform such assessment work, pay such rent, and take any and all other actions necessary to maintain the Property in good standing under the laws of the State of Alaska, and (b) shall deliver to La Teko and Newmont-no later than two weeks prior to any performance, recording, filing, payment, or other deadline-copies of such affidavits of assessment work (as recorded if delivered to establish compliance with any recording requirement), receipts, and other evidence as may be reasonably necessary to establish PDUS's satisfaction of the foregoing obligations. Without limiting the generality of the foregoing, during the term of this Agreement, PDUS shall do the following:
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Related to Property in Good Standing

  • Good Standing The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Representatives may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

  • Existence; Good Standing Corporate Authority; ---------- ---- --------- --------- ---------- Compliance With Law...............................12 ---------- ---- --- 2.2 Authorization, Validity and Effect of Agreements..13 -------------- -------- --- ------ -- ---------- 2.3 Capitalization and Ownership......................13 -------------- --- --------- 2.4

  • Incorporation; Good Standing 28 7.1.2. Authorization...............................................29 7.1.3. Enforceability..............................................29 7.2.

  • Organization; Good Standing The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Existence and Good Standing The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, USA.

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.

  • Qualification and Good Standing Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

  • Legal Existence and Good Standing The Borrower shall, and shall cause each of its Subsidiaries to, maintain its legal existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

  • Organization, Existence and Good Standing The Company is a Delaware corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all necessary corporate power to own its properties and assets and to carry on its business as presently conducted.

  • Incorporation and Good Standing The Company has been duly incorporated or formed and is validly existing and in good standing as a company limited by shares under the laws of the jurisdiction of its formation and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement. As of the Closing, the Company does not own or control, directly or indirectly, any corporation, association or other entity that is not otherwise disclosed in the Disclosure Package.