Geologic Information Sample Clauses
The Geologic Information clause defines the obligations and procedures related to the sharing and use of geological data relevant to a project or property. Typically, this clause requires one party to provide the other with access to existing geologic reports, surveys, maps, or other technical data that pertain to the land or resources in question. It may also specify how new geologic information discovered during the term of the agreement should be handled, such as requirements for disclosure or confidentiality. The core function of this clause is to ensure that all parties have access to accurate and comprehensive geologic data, thereby reducing uncertainty and supporting informed decision-making regarding exploration, development, or investment.
Geologic Information. In the event Lessee conducts core-drilling operations or other geologic evaluation of the Leased Premises, Lessor may inspect core samples, evaluations thereof, and proprietary geologic information concerning the Leased Premises. Upon request by Lessor, Lessee shall timely provide Lessor with a true and correct copy of all such evaluations, geological reports, drilling logs, assays and interpretive maps of the leased substances within the leased lands.
Geologic Information. Upon reasonable notice to Lessee, Lessor may inspect seismic and geophysical information, core samples, well logs, and proprietary geologic data and evaluations concerning the Leased Premises. Any such documents and geologic data and evaluations may be declared confidential information by Lessee, in which event Lessor and its authorized agents shall maintain such documents and geologic data as protected records under the Utah Governmental Records Access Management Act or other applicable privacy statute, and shall not disclose the same to any third party without the written consent of Lessee, the order of a court of competent jurisdiction requiring such disclosure, or upon termination of this Lease.
Geologic Information. Upon reasonable notice to Lessee, Lessor may inspect seismic and geophysical information, core samples, well logs, and proprietary geologic data and evaluations concerning the Leased Premises. Lessor may request such information in electronic format and Lessee shall provide Lessor with the same no later than thirty (30) days after ▇▇▇▇▇▇’s request. In addition to any other remedy under this Lease, if Lessee does not provide Lessor with the requested information within thirty (30) days, Lessee shall pay Lessor a sum of Five Thousand Dollars ($5,000.00) for failure to comply with the terms hereof and shall pay Lessor an additional $5,000.00 every 30 days thereafter that the request is not complied with.