Common use of Right of Remaining Party to Withdraw Clause in Contracts

Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal (“Joint Withdrawal”). In such case, the Joint Venture shall be terminated in accordance with Section 15 of this Schedule “B”.

Appears in 2 contracts

Samples: River Option and Joint Venture Agreement (Uranerz Energy Corp.), Option and Joint Venture Agreement (North Bay Resources Inc)

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Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal ("Joint Withdrawal"). In such case, the Joint Venture shall be terminated in accordance with Section section 15 of this Schedule “B”.C.

Appears in 2 contracts

Samples: Option and Joint Venture Agreement (Donner Minerals LTD), Option and Joint Venture Agreement (Donner Minerals LTD)

Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal ("Joint Withdrawal"). In such case, the Joint Venture shall be terminated in accordance with Section 15 of this Schedule “B”13.

Appears in 1 contract

Samples: Option and Joint Venture Agreement

Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal ("Joint Withdrawal"). In such case, the Joint Venture shall be terminated in accordance with Section 15 13 of this Schedule “B”"C".

Appears in 1 contract

Samples: Option and Joint Venture Agreement (Alberta Star Development Corp)

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Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal ("Joint Withdrawal"). In such case, the Joint Venture shall be terminated in accordance with Section 15 of this Schedule “B”"C".

Appears in 1 contract

Samples: Option and Joint Venture Agreement (AMERICAN CORDILLERA MINING Corp)

Right of Remaining Party to Withdraw. Upon receipt by the Remaining Party of a notice of withdrawal, the Remaining Party may give notice to the Withdrawing Party prior to the effective date of the withdrawal electing to join in the withdrawal (“Joint Withdrawal”). In such case, the Joint Venture shall be terminated in accordance with Section 15 13 of this Schedule “BC”.

Appears in 1 contract

Samples: Joint Venture Agreement (Avino Silver & Gold Mines LTD)

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