Timber. Lessee shall have the right, pursuant to applicable law, to manage and use timber upon the property in accordance with law. In addition, in the event Lessee elects to seek patents for the property described on Exhibit A, Lessee shall have the right to manage and harvest the timber situated thereon. In either event Lessee shall account for the value of timber removed and the value shall be treated just as proceeds from the sale of metal is treated and accounted for under this lease.
Appears in 3 contracts
Samples: Lease Agreement (Coeur D Alene Mines Corp), Lease Agreement (Coeur D Alene Mines Corp), Mining Lease (Coeur D Alene Mines Corp)
Timber. Lessee shall have the right, pursuant to applicable law, to manage and use timber upon the property in accordance with law. In addition, in the event Lessee elects to seek and obtains patents for the property described on Exhibit A, Lessee shall have the right to manage and harvest the timber situated thereon. In either event Lessee shall account for the value of timber removed and the value shall be treated just as proceeds from the sale of metal is treated and accounted for under this lease.
Appears in 1 contract
Samples: Mining Lease (Sterling Mining CO)