Common use of RE-ENTRY BY GOVERNMENT Clause in Contracts

RE-ENTRY BY GOVERNMENT. If the operations and activities of the Company in accordance with the prospecting programme shall cease in the Licensed Area before the same have been completed and if such cessation shall be due entirely to the fault of the Company, the Government may, upon giving the notice and following the procedure required in paragraph 15 below, re-enter the Licensed Area and take possession of all buildings, erections, plants and materials thereon without compensation to the Company (such right of entry not to prejudice any additional remedy of the Government), and thereupon the Agreement shall terminate.

Appears in 5 contracts

Samples: Earn in Agreement (North Springs Resources Corp.), Earn in Agreement (Norman Cay Development, Inc.), Xtra-Gold Resources Corp

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.