Examples of Mineral Claims in a sentence
If, during the Option Period, the Optionee or any of its Affiliates contemplates recording or otherwise acquiring any interest in AOI Rights, prior to staking such AOI Rights, the Optionee shall forthwith give notice to the Optionors of such potential recording or acquisition, the costs thereof and all details in its possession with respect to the nature of the Mineral Claims and the known mineralization thereon.
Following such notice of abandonment under this Section 4.6, the Mineral Claims so transferred or abandoned will thereafter cease to form part of the Property and will no longer be subject to this Agreement, except with respect to any obligations or liabilities of the Parties as have accrued to the date of such transfer or abandonment and subject to performing any reclamation on the abandoned Mineral Claims or providing a bond to provide for future payment of such reclamation requirements.
During the Option Period, the Optionors, or any of their respective Affiliates, will remain the registered holder of the Mineral Claims comprising the Property as of the Effective Date.
Each Optionor or the Optionee, to the extent that it is the recorded holder of any Mineral Claims comprising the Property, will hold title to the Property subject to this Agreement.
If, during the Option Period, the Optionors or any of their respective Affiliates (an “Acquiring Party”) records or otherwise acquires any interest in Mineral Claims located wholly or partly within the Area of Interest (the “AOI Rights”), the Acquiring Party shall forthwith give notice to the Optionee of such recording or acquisition, the costs thereof and all details in its possession with respect to the nature of the Mineral Claims and the known mineralization thereon.