Surrender and Termination by Lessee Sample Clauses

Surrender and Termination by Lessee. Notwithstanding anything herein to the contrary, Lessee may terminate all of its rights and obligations in respect of the Property by providing OGS with a 30-day written notice of termination. Lessee shall deliver written notice of such termination in the form of a recordable Release of Mining Lease releasing all of its rights, title and interest to the Property to OGS and record such with the Elko County Recorder's Office. In the event of termination, OGS shall retain all payments paid pursuant to this Agreement as consideration for possession, use and mining activities on the Property. The foregoing shall be OGS's sole and exclusive remedy for termination, and OGS exclusively waives the remedies of specific performance or further compensatory or other damages of whatsoever nature. Upon termination Lessee' sole obligations in respect of the Property shall be to perform reclamation work required as a direct result of activities on the Property, as required by applicable law, and to fulfill obligations pursuant to SECTION 6.1: PERFORMANCE OF ASSESS1\.1ENT WORK/RENT AL FEES. In the event Lessee terminates this Agreement, Lessee shall supply to OGS copies of all interpretative and factual data, including but not limited to drill logs, assays, metallurgical testing results, survey and geological maps, within 30 days of termination or when such data becomes promptly available. Lessee makes no representation or warranty as to the accuracy or completeness of any such data, and shall not be liable on account of any use by OGS or any other party of any data or information. *** Text Omitted and Filed Separately Pursuant to a Confidential Treatment Request under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2(b)(1) SECTION 3: CONSIDERATION
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Related to Surrender and Termination by Lessee

  • Termination by Lessor Lessor may terminate the lease at any time if any of the following shall happen:

  • Term and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Surrender Upon Termination The Executive agrees that in the event of the termination of the Executive's employment for any reason, whether before or after the Term, the Executive will immediately deliver to the Company all property belonging to the Company, including documents and materials of any nature pertaining to the Executive's work with the Company, and will not take with the Executive any documents or materials of any description, or any reproduction thereof of any description, containing or pertaining to any Confidential Information. It is understood that the Executive is free to use information that is in the public domain, but not as a result of a breach of this Agreement.

  • Xxxx and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Termination by Tenant In the event that the destruction to the Premises cannot be restored as required herein under applicable laws and regulations within two hundred seventy (270) days of the damage or casualty, notwithstanding the availability of insurance proceeds, Tenant shall have the right to terminate this Lease by giving the Landlord notice thereof within thirty (30) days of date of the occurrence of such casualty specifying the date of termination which shall not be less than thirty (30) days nor more than sixty (60) days following the date on which such notice of termination is given. In the event of the giving of such notice of termination, this Lease shall expire and all interest of Tenant in the Premises shall terminate on the date so specified in such notice and the Rent, reduced by any proportionate reduction in Rent as provided for in Section 18.1 above, shall be paid to the date of such termination.

  • Term and Termination (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the Artwork, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

  • Renewal and Termination A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

  • Expiration and Termination Options shall expire on the earlier of:

  • Termination by Owner Owner may also terminate this Agreement at any time before Contractor begins the Work and notifies Owner in writing of such commencement if (1) Owner sells the property on which the Work is being performed or (2) the economic climate does not warrant proceeding with the project of which the Work is a part. In such circumstance, Contractor shall be entitled to receive that portion of the Contract Price earned by Contractor for Work performed to the satisfaction of Owner less any payments made before the date this Agreement is terminated. Contractor shall not be entitled to any additional compensation or damages as a result of termination of this Agreement pursuant to this Paragraph 12(c).

  • Effect of Partial Terminations Upon the earlier to occur of (a) the assignment of any Serviced Appointment to the Purchasers or the effectiveness of the appointment of another person as the Appointed Trustee under the terms of the Serviced Corporate Trust Contract related to such Serviced Appointment, or (b) the termination in accordance with its terms of any Serviced Corporate Trust Contract and the resulting termination of the Sellers’ duties as Appointed Trustee thereunder, the Purchasers’ duties and obligations hereunder with respect to such Serviced Appointment shall terminate; provided, however, that nothing in this Section 7.2.3 shall affect the Purchasers’ or Sellers’ obligations under Article 8 with respect to any such Serviced Corporate Trust Contract or Serviced Appointment.

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