Common use of RIGHT TO ABANDON PROPERTY INTERESTS Clause in Contracts

RIGHT TO ABANDON PROPERTY INTERESTS. Should [Placer], in its sole discretion, determine that any part of the Concessions no longer warrant further Exploration and Development, then [Placer] may abandon such interests without affecting its rights or obligations under the Agreement, so long as [Placer] provides [Mr. Almarez] with 30 days notice of its intention to do so. Upon receixx xx xxxx notice, [Mr. Almarez] may request that [Placer] retransfer title to such intxxxxxx xx [Mr. Almarez], and [Placer] hereby agrees to do so, and upon expirx xx xxx 00 days, or upon the earlier transfer thereof, such interests shall cease to be part of the Property.

Appears in 1 contract

Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)

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RIGHT TO ABANDON PROPERTY INTERESTS. Should [Placer], in its sole discretion, determine that any part of the Concessions no longer warrant further Exploration and Development, then [Placer] may abandon such interests without affecting its rights or obligations under the Agreement, so long as [Placer] provides [Mr. Almarez] with 30 days notice of its intention to do so. Upon receixx recxxxx xx xxxx xxxh notice, [Mr. Almarez] may request that [Placer] retransfer title to such intxxxxxx intexxxxx xx [Mr. Xr. Almarez], and [Placer] hereby agrees to do so, and upon expirx xx expiry ox xxx 00 daysxxys, or upon the earlier transfer thereof, such interests shall cease to be part of the Property.

Appears in 1 contract

Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)

RIGHT TO ABANDON PROPERTY INTERESTS. Should [Placer], in its sole discretion, determine that any part of the Concessions no longer warrant further Exploration and Development, then [Placer] may abandon such interests without affecting its rights or obligations under the Agreement, so long as [Placer] provides [Mr. Almarez] with 30 days notice of its intention to do so. Upon receixx xx xxxx notice, [Mr. Almarez] may request that [Placer] retransfer title to such intxxxxxx interexxx xx [Mr. Xx. Almarez], and [Placer] hereby agrees to do so, and upon expirx xx expiry of xxx 00 daysxxxx, or upon the earlier transfer thereof, such interests shall cease to be part of the Property.

Appears in 1 contract

Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)

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RIGHT TO ABANDON PROPERTY INTERESTS. Should [Placer], in its sole discretion, determine that any part of the Concessions no longer warrant further Exploration and Development, then [Placer] may abandon such interests without affecting its rights or obligations under the Agreement, so long as [Placer] provides [Mr. Almarez] with 30 days notice of its intention to do so. Upon receixx recxxxx xx xxxx xxxh notice, [Mr. Almarez] may request that [Placer] retransfer title to such intxxxxxx xx ixxxxxxxx xo [Mr. Almarez], and [Placer] hereby agrees to do so, and upon expirx expxxx xx xxx 00 days, or upon the earlier transfer thereof, such interests shall cease to be part of the Property.

Appears in 1 contract

Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)

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