Common use of Continued Obligation Clause in Contracts

Continued Obligation. If the Option is exercised, the Optionee covenants and agrees to perform its obligations with respect to the payment of the Royalty as provided for in this Agreement.

Appears in 2 contracts

Sources: Property Option Agreement, Property Option Agreement

Continued Obligation. β€Œ If the Option is exercised, the Optionee covenants and agrees to perform its obligations with respect to the payment of the Royalty as provided for in this Agreement.

Appears in 1 contract

Sources: Option Agreement

Continued Obligation. If the Option is exercisedexercised and a joint venture created, the Optionee covenants and agrees to perform its obligations with respect to the payment of the Royalty as provided for in this Agreement.

Appears in 1 contract

Sources: Property Option Agreement