Common use of Maintenance of the Property Clause in Contracts

Maintenance of the Property. 5.1. While this Agreement is effective, it will be the responsibility of RCR to carry out all the actuations contemplated by mining legislation destined to the defense of the Property from any action of third parties that pretends to obtain its caducity or extinction, or overlap, RCR being obliged to take charge only while this Agreement is in effect, of the payment of the claim fees to which the Properties are subject, under its exclusive cost and responsibility as well as any cost related with the maintenance and protection of the Properties, without any charge to the Oferrors nor their Shareholders, and without being able to repeat against this last ones, or charge at the arranged price.

Appears in 4 contracts

Samples: Option Agreement (Bridgeport Ventures Inc.), Option Agreement (Bridgeport Ventures Inc.), Option Agreement (Bridgeport Ventures Inc.)

AutoNDA by SimpleDocs

Maintenance of the Property. 5.1. While this Agreement is effective, it will be the responsibility of RCR to carry out all the actuations contemplated by mining legislation destined to the defense of the Property from any action of third parties that pretends to obtain its caducity or extinction, or overlap, RCR being obliged to take charge only while this Agreement is in effect, of the payment of the claim fees to which the Properties are subject, under its exclusive cost and responsibility as well as any cost related with the maintenance and protection of the Properties, without any charge to the Oferrors nor their Shareholders, and without being able to repeat against this last ones, or charge at impute to the arranged agreed price.

Appears in 2 contracts

Samples: Option Agreement (Bridgeport Ventures Inc.), Option Agreement (Bridgeport Ventures Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.