Project Permits. To the knowledge of the Borrower, without duty of --------------- further inquiry, except as set forth in Schedule 5.10, and except for matters ------------- that do not or would not have a material adverse effect on such Projects, the Project Managers of each of the Projects have obtained all material licenses, operating and reclamation bonds, permits and approvals from all governmental commissions, boards and other agencies required to operate such Projects as currently being operated in accordance with the then effective mine plan therefor, and such Project Managers are operating the Projects in material compliance therewith.
Appears in 1 contract
Sources: Loan Agreement (Royal Gold Inc /De/)
Project Permits. To the knowledge of the each Borrower, without duty of --------------- further inquiry, except as set forth in Schedule 5.10, and except for matters ------------- that do not or would not have a material adverse effect on such Projects, the Project Managers of each of the Projects have obtained all material licenses, operating and reclamation bonds, permits and approvals from all governmental commissions, boards and other agencies required to operate such Projects as currently being operated in accordance with the then effective mine plan therefor, and such Project Managers are operating the Projects in material compliance therewith.
Appears in 1 contract
Sources: Loan Agreement (Royal Gold Inc)
Project Permits. To the knowledge of the Borrower, without duty of --------------- further inquiry, except as set forth in Schedule 5.10, and except for matters ------------- that do not or would not have a material adverse effect on such Projects, the Project Managers of each of the Projects have obtained all material licenses, operating and reclamation bonds, permits and approvals from all governmental commissions, boards and other agencies required to operate such Projects as currently being operated in accordance with the then effective mine plan therefor, and such Project Managers are operating the Projects in material compliance therewith.
Appears in 1 contract
Sources: Loan Agreement (Royal Gold Inc)