Effect of Closing. On closing of the Option, Lessee shall own the Property, subject to the Royalty reserved by Owner and Lessee’s obligations stated in the Deed.
Appears in 6 contracts
Samples: Purchase Agreement (Idaho North Resources Corp.), Exploration and Mining Lease and Option to Purchase Agreement (North Springs Resources Corp.), Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)
Effect of Closing. On closing of the Option, Lessee shall own the Property, subject to the Royalty reserved by Owner and Lessee’s obligations stated in the Deedconveyance of the Property.
Appears in 2 contracts
Samples: Mining Lease and Option to Purchase Agreement (Max Resource Corp.), Mining Lease and Option to Purchase Agreement (Max Resource Corp.)
Effect of Closing. On closing of the Option, Lessee shall own the Property, subject to the Royalty reserved by Owner and Lessor’s or Lessee’s obligations stated in the Deed.
Appears in 1 contract
Samples: Processing Lease and Option to Purchase Agreement (JPX Global Inc.)
Effect of Closing. On closing of the Option, Lessee shall own the Property, subject to the Royalty reserved by Owner Owner, and Lessee’s 's other obligations as stated in the Deedconveyance of the Property.
Appears in 1 contract
Samples: Mining Sublease and Option to Purchase Agreement (Entourage Mining LTD)
