Right of Withdrawal and Mechanics. Either Party may, at any time during the Joint Venture, voluntarily withdraw from the Joint Venture (the "Withdrawing Party") and forfeit its interest in and to the Property and its rights under this Agreement by giving written notice of such withdrawal to the other Party (the "Remaining Party"). The notice must indicate an effective date for such withdrawal which may not be earlier than 90 days after receipt of such notice. The effects of the delivery of such notice are set out below.
Appears in 5 contracts
Samples: Option and Joint Venture Agreement, Option and Joint Venture Agreement (Alberta Star Development Corp), Option and Joint Venture Agreement (AMERICAN CORDILLERA MINING Corp)
Right of Withdrawal and Mechanics. Either Party may, at any time during the Joint Venture, voluntarily withdraw from the Joint Venture (the "“Withdrawing Party"”) and forfeit its interest in and to the Property and its rights under this Agreement by giving written notice of such withdrawal to the other Party (the "“Remaining Party"”). The notice must indicate an effective date for such withdrawal which may not be earlier than 90 days after receipt of such notice. The effects of the delivery of such notice are set out below.
Appears in 3 contracts
Samples: Joint Venture Agreement (Avino Silver & Gold Mines LTD), River Option and Joint Venture Agreement (Uranerz Energy Corp.), Option and Joint Venture Agreement (North Bay Resources Inc)
