Common use of Scrap Materials Clause in Contracts

Scrap Materials. In the event any scrap material is removed from the mine from the Lessee, Lessor retains ownership and shall receive any sale proceeds from the disposition of scrap material which shall not be a credit to the lease or purchase payments.

Appears in 2 contracts

Sources: Mining Lease With Option to Purchase, Mining Lease With Option to Purchase (Liberty Silver Corp)