Common use of Annual Assessment Work Clause in Contracts

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2010, to September 1, 2011, and for each subsequent following annual assessment work year commencing during the term of this Agreement, Lessee shall perform for the benefit of the Property work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable federal, state and local laws, regulations and ordinances. If Lessee elects to terminate this Agreement on or after June 1 of each year while this Agreement is in effect, Lessee shall be legally bound and obligated to perform annual assessment work and prepare, record and/or file evidence of the same for the following annual assessment year. Lessee shall deliver to Owners proof of Lessee’s performance of its obligations under this Section not less than forty-five (45) days before the applicable deadline for compliance with the applicable deadline for maintenance of the unpatented mining claims which comprise part of the Property. This Section shall survive termination of this Agreement.

Annual Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2010, 2011 to September 1, 20112012, and for each subsequent following annual assessment work year commencing during the term of this Agreement, Lessee shall perform perform, for the benefit of the Property Property, work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable federalFederal, state State, County and local laws, regulations and ordinances. If Lessee elects to terminate this Agreement on or after June 1 of each year while this Agreement is in effect, Lessee shall be legally bound and obligated to perform annual assessment work and prepare, record and/or file evidence of the same for the following annual assessment year. Lessee shall deliver to Owners Owner proof of Lessee’s performance of its obligations under this Section not less than forty-five (45) days before the applicable deadline for compliance with the applicable deadline for maintenance of the unpatented mining claims which comprise part of the Property. This Section shall survive termination of this Agreement.