Common use of TERMINATION PRIOR TO ACQUISITION OF INTEREST Clause in Contracts

TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year and free and clear of all liens, charges and encumbrances.

Appears in 8 contracts

Samples: Agreement (Amador Gold Corp), Agreement (Amador Gold Corp), Agreement (Amador Gold Corp)

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TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, or if this Agreement is terminated prior to the exercise of the Option by the Optionee, the Optionee shall return to the Optionor Optionors forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year standing, and free and clear of all liens, charges and encumbrancesencumbrances for a period of one year.

Appears in 7 contracts

Samples: Amador Gold Corp, Amador Gold Corp, Amador Gold Corp

TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, or if this Agreement is terminated prior to the exercise of the Option by the Optionee, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year and six months free and clear of all liens, charges and encumbrances.

Appears in 4 contracts

Samples: Agreement (Amador Gold Corp), Agreement (Amador Gold Corp), Amador Gold Corp

TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, or if this Agreement is terminated prior to the exercise of the Option by the Optionee, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year and free and clear of all liens, charges and encumbrances.

Appears in 2 contracts

Samples: Agreement (Amador Gold Corp), Amador Gold Corp

TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, or if this Agreement is terminated prior to the exercise of the Option by the Optionee, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year standing, and free and clear of all liens, charges and encumbrancesencumbrances for a period of one year.

Appears in 1 contract

Samples: Amador Gold Corp

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TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminatedterminated prior to its exercise, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year and free and clear of all liens, charges and encumbrances.

Appears in 1 contract

Samples: Amador Gold Corp

TERMINATION PRIOR TO ACQUISITION OF INTEREST. If the Option is terminated, the Optionee shall return to the Optionor forthwith exclusive and quiet possession of the Property, in good standing for a period of a minimum of one year and free and clear of all liens, charges and encumbrances, subject to the Underlying Agreement.

Appears in 1 contract

Samples: Underlying Agreement (Amador Gold Corp)

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