Work Commitment Shortfall. If the Company, by the Option Deadline, has not incurred or funded the total amount of the Work Commitment required under this Section, the Company may pay to the Optionor an amount equal to such shortfall in Work Commitment within thirty (30) days after the Option Deadline. Any payment so made shall be deemed to be Work Commitment duly and properly incurred within the Option Period for the purposes of the Conditions of Exercise.
Appears in 4 contracts
Samples: Mineral Property Option Agreement (Great American Energy, Inc.), Mineral Property Option Agreement (Great American Energy, Inc.), Mineral Property Option Agreement (Great American Energy, Inc.)
