Common use of No Implied Covenants Clause in Contracts

No Implied Covenants. Lessee does not make, and the Advance Royalties and other obligations of Lessee under this Agreement exclude and negate, any express or implied covenant or duty of Lessee to conduct any activity upon or for the benefit of the Property, including without limitation any activities related to the exploration, development or mining of the Property. Whether or not any such exploration, development, mining or other activities shall at any time (including, without limitation, during the primary term or any extended term of this Agreement) be conducted and the location, manner, method, extent, rate and timing of such activities (if any) shall be determined within the sole and absolute discretion of Lessee.

No Implied Covenants. Lessee does not make, and the Advance Royalties and other obligations of Lessee under this Agreement exclude and negate, any express or implied covenant or duty of Lessee to conduct any activity upon or for the benefit of the Property, including without limitation any activities related to the exploration, development development, or mining of the Property. Whether or not any such exploration, development, mining mining, or other activities shall at any time (including, without limitation, during the primary initial term or any extended term of this Agreement) be conducted and the location, manner, method, extent, rate rate, and timing of such activities (if any) shall be determined within the sole and absolute discretion of Lessee.