Common use of Property As Is Clause in Contracts

Property As Is. Grantee and Platoro acknowledge that they have been given full access to the Property for their due diligence review. Grantee and Platoro acknowledge that the Property may have environmental and physical conditions related to prior mineral exploration or mining activities, including, but not limited to pits, adits, shafts and roads. Grantee is acquiring the Property "as is" without warranty of any kind as to the condition, suitability or useability of the Property for any purpose, or the ability to obtain any necessary permits or authorizations to access or mine the Property. The parties intend that this "as is" provision shall be effective specifically with respect to environmental conditions, and any and all common law or statutory claims with respect thereto. Grantee and Platoro assume the risk of any environmental contamination, hazardous substances and other conditions on or related to the Property and overlying surface.

Appears in 1 contract

Samples: Quincy Resources Inc

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Property As Is. Grantee and Platoro acknowledge acknowledges that they have it has been given full access to the Property for their its due diligence review. Grantee and Platoro acknowledge acknowledges that the Property may have environmental and physical conditions related to prior mineral exploration or mining activities, including, but not limited to pits, adits, shafts and roads. Grantee is acquiring the Property "as is" without warranty of any kind as to the condition, suitability or useability usability of the Property for any purpose, or the ability to obtain any necessary permits or authorizations to access or mine the Property. The parties intend that this "as is" provision shall be effective specifically with respect to environmental conditions, and any and all common law or statutory claims with respect thereto. Subject to Section 9 below, Grantee and Platoro assume assumes the risk of any environmental contamination, hazardous substances and other conditions on or related to the Property and overlying surface.

Appears in 1 contract

Samples: Sublease and Agreement (Liberty Silver Corp)

Property As Is. Grantee and Platoro acknowledge acknowledges that they have it has been given full access to the Property for their its due diligence review. Grantee and Platoro acknowledge acknowledges that the Property and adjoining surface may have environmental and physical conditions related to prior mineral exploration or mining activities, including, but not limited to pits, adits, shafts and roads. Grantee is acquiring the Property "as is" without warranty of any kind as to the condition, suitability or useability usability of the Property for any purpose, or the ability to obtain any necessary permits or authorizations to access or mine the Property. The parties intend that this "as is" provision shall be effective specifically with respect to environmental conditions, and any and all common law or statutory claims with respect thereto. Grantee and Platoro assume assumes the risk of any environmental contamination, hazardous substances and other conditions on or related to the Property and overlying surfaceProperty.

Appears in 1 contract

Samples: Minerals Lease and Agreement (Homeland Precious Metals Corp.)

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Property As Is. Grantee and Platoro acknowledge acknowledges that they have it has been given full access to the Property for their its due diligence review. Grantee and Platoro acknowledge acknowledges that the Property may have environmental and physical conditions related to prior mineral exploration or mining activities, including, ; but not limited to pits, adits, shafts and roads. Grantee is acquiring the Property "as is" without warranty of any kind as to the condition, suitability or useability usability of the Property for any purpose, or the ability to obtain any necessary permits or authorizations to access or mine the Property. The parties intend that this "as is" provision shall be effective specifically with respect to environmental conditions, and any and all common law or statutory claims with respect thereto. Subject to Section 7 below, Grantee and Platoro assume assumes the risk of any environmental contamination, hazardous substances and other conditions on or related to the Property and overlying surface.

Appears in 1 contract

Samples: Sublease and Agreement (Liberty Silver Corp)

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