Common use of Property in Good Standing Clause in Contracts

Property in Good Standing. If the Optionee wishes to abandon any one or more of the claims which comprise the Property in accordance with section 15, the Optionee shall have performed sufficient assessment work on such claims, recorded all exploration and development work done on such claims in accordance with the requirements of the Mining Act, paid all necessary fees and done all other acts and things necessary to maintain such claims in good standing for a period of at least one (1) year after the date of abandonment.

Property in Good Standing. If the Optionee wishes to abandon any one or more of the claims which comprise the Property in accordance with section 1514, the Optionee shall have performed sufficient assessment work on such claims, recorded all exploration and development work done on such claims in accordance with the requirements of the Mining Act, paid all necessary fees and done all other acts and things necessary to maintain such claims in good standing for a period of at least one (1) year after the date of abandonment.

Property in Good Standing. If the Optionee wishes to abandon any one or more of the claims which comprise the Property in accordance with section 1514, the Optionee shall have performed sufficient assessment work on such claims, recorded all exploration and development work done on such claims in accordance with the requirements of the Mining Act, paid all necessary fees and done all other acts and things necessary to maintain such claims in good standing for a period of at least one (1) year after the date of abandonment.abandonment.‌