Common use of By Lessee Clause in Contracts

By Lessee. Lessee shall have the right, at any time and from time to time, to surrender and terminate this Agreement by providing to Lessor written notice of such surrender. The termination shall take effect upon the date notice is given. Upon such termination, Lessee’s right, title, interest and obligations with respect to the Property shall terminate, except as provided in this Agreement to the contrary. All Payments which have accrued as of the date of termination shall be payable to Lessor by Lessee. Partial termination of select claims is not allowed without Lessors written consent.

Appears in 3 contracts

Samples: Mining Lease (Miranda Gold Corp), Mining Lease (Miranda Gold Corp), Mining Lease (Miranda Gold Corp)

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By Lessee. Lessee shall have the right, at any time and from time to time, to surrender and terminate this Agreement by providing to Lessor written notice of such surrender. The termination shall take effect upon the date notice is given. Upon such termination, Lessee’s 's right, title, interest and obligations with respect to the Property shall terminate, except as provided in this Agreement to the contrary. All Payments which have accrued as of the date of termination shall be payable to Lessor by Lessee. Partial termination of select claims is not allowed without Lessors written consent.

Appears in 1 contract

Samples: Mining Lease (Miranda Gold Corp)

By Lessee. Lessee shall have the right, at any time and from time to time, to surrender and terminate this Agreement by providing to Lessor written notice of such surrender. The termination shall take effect upon the date notice is given. Upon such termination, Lessee’s 's right, title, interest and obligations with respect to the Property shall terminate, except as provided in this Agreement to the contrary. All Payments which have accrued as of the date of termination shall be payable to Lessor by Lessee. Partial termination of select claims is not allowed without Lessors Lessor's written consent.

Appears in 1 contract

Samples: Mining Lease (Golden Aria Corp.)

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By Lessee. Lessee shall have the right, at any time and from time to time, to surrender and terminate this Agreement Agreement, as to all or any part of the Property – subject to the limitations of "partial termination" below -- by providing to Lessor written notice of such surrender. The termination shall take effect upon the date notice is given. Upon such termination, Lessee’s 's right, title, interest and obligations with respect to the Property surrendered shall terminate, except as provided in this Agreement to the contrary. All Payments which have accrued as of the date of termination shall be payable to Lessor by Lessee. Partial termination of select claims is not allowed without Lessors written consent.

Appears in 1 contract

Samples: Mining Lease (Lincoln Gold Corp)

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