Common use of Federal Claim Maintenance Fees Clause in Contracts

Federal Claim Maintenance Fees. Commencing with the 2005-2006 assess-ment year, and as long as this Agreement remains in effect, Lessee shall pay all federal claim maintenance fees required to maintain the Property in good standing. Lessee shall make all federal payments to the Nevada Bureau of Land Management by August 1 of each year and provide written evidence of payment to Owner not later than August 10 of each year. Lessee shall record an Affidavit and Notice of Intent to Hold in Elko County by October 1 of each year, and provide evidence of recording to Owner by October 10 of each year. If Lessee terminates this Agreement after June 1 of any year, Lessee shall be responsible for all claim maintenance payments, both federal and county, for that assessment year.

Appears in 1 contract

Samples: Mining Lease (Miranda Gold Corp)

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Federal Claim Maintenance Fees. Commencing with the 2005-2006 assess-ment year, and as long as this Agreement remains in effect, Lessee shall pay all federal claim maintenance fees required to maintain the Property in good standing. Lessee shall make all federal payments to the Nevada Bureau of Land Management by August 1 31 of each year and provide written evidence of payment to Owner not later than August 10 of each yearOwner. Lessee shall record an Affidavit and Notice of Intent to Hold in Elko Lander County by October 1 31 of each year, and provide evidence of recording to Owner. Owner by October 10 acknowledges that Lessee has already paid the claim maintenance fees for the 2004-2005 and 2005-2006 assessment years and has recorded the Affidavit and Notice of each yearIntent to Hold in Lander County which was due on November 1, 2005. If Lessee terminates this Agreement after June July 1 of any year, Lessee shall be responsible for all claim maintenance payments, both federal and county, for that assessment year.

Appears in 1 contract

Samples: Exploration Agreement With Option for Joint Venture (Luna Gold Corp)

Federal Claim Maintenance Fees. Commencing with the 2005-2006 assess-ment assessment year, and as long as this Agreement remains in effect, Lessee shall pay all federal claim maintenance fees required to maintain the Property in good standing. Lessee shall make all federal payments to the Nevada Bureau of Land Management by August 1 of each year and provide written evidence of payment to Owner not later than August 10 of each year. Lessee shall record an Affidavit and Notice of Intent to Hold in Elko County by October 1 of each year, and provide evidence of recording to Owner by October 10 of each year. If Lessee terminates this Agreement after June 1 of any year, Lessee shall be responsible for all claim maintenance payments, both federal and county, for that assessment year.

Appears in 1 contract

Samples: Mining Lease (Miranda Gold Corp)

Federal Claim Maintenance Fees. Commencing with the 2005-2006 assess-assess- -- ment year, and as long as this Agreement remains is in effect, Lessee shall pay all federal claim maintenance fees required to maintain the Property in good standing. Lessee shall make all federal payments to the Nevada Bureau of Land Management by August 1 of each year and provide written evidence of payment to Owner not later than August 10 of each year. Lessee shall record an Affidavit and Notice of Intent to Hold in Elko Humboldt County by October 1 of each year, and provide evidence of recording to Owner by October 10 of each year. If Lessee terminates this Agreement after June July 1 of any year, Lessee shall be responsible for all claim maintenance payments, both federal and county, for that assessment year.

Appears in 1 contract

Samples: Mining Lease With Option to Purchase (Miranda Gold Corp)

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Federal Claim Maintenance Fees. Commencing with the 2005-2006 assess-assess- ment year, and as long as this Agreement remains in effect, Lessee shall pay all federal claim maintenance fees required to maintain the Property in good standing. Lessee shall make all federal payments to the Nevada Bureau of Land Management by August 1 of each year and provide written evidence of payment to Owner Owners not later than August 10 of each year. Lessee shall record an Affidavit and Notice of Intent to Hold in Elko Eureka County by October 1 of each year, and provide evidence of recording to Owner Owners by October 10 of each year. If Lessee terminates this Agreement after June 1 of any year, Lessee shall be responsible for all claim claims maintenance payments, both federal and county, for that the next assessment year.

Appears in 1 contract

Samples: Mining Lease (Piedmont Mining Company, Inc.)

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