Mining Lease. When the mining claims comprising the Property reach their tenth anniversary date, the Participants, as undivided co owners, shall cooperate and take all necessary steps to obtain a mining lease of the Property or relevant portion thereof determined by the Management Committee, which mining lease will be held by the Operator in trust for the Participants as their respective interests may, from time to time, appear.
Appears in 2 contracts
Sources: Joint Venture Agreement (Mountain Province Diamonds Inc.), Joint Venture Agreement (Mountain Province Diamonds Inc.)