Common use of Work Requirements Clause in Contracts

Work Requirements. During the first year of the primary term hereof, Lessee shall perform $50,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Funds used directly to acquire additional unpatented mining claims will be attributed to the first year’s work requirement. During the second and third year, an additional $50,000 of work upon, toward, or for the eventual benefit of the Leased Premises shall be performed. During the fourth year, and each year thereafter, the Lessee shall perform $100,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Provided, however, in the event commercial production is commenced at any time, this Article 7 requiring minimum work shall not be applicable.

Work Requirements. During the first year of the primary term hereof, Lessee shall perform $50,000 10,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Funds used directly to acquire additional unpatented mining claims will be attributed to the first year’s work requirement. During the second and third year, an additional $50,000 of work upon, toward, or for the eventual benefit of the Leased Premises shall be performed. During the fourth year, and performed each year thereafter, the Lessee shall perform $100,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Provided, however, in the event commercial production is commenced at any time, this Article 7 requiring minimum work shall not be applicable.

Work Requirements. During the first year of the primary term hereof, Lessee shall perform $50,000 20,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Funds used directly to acquire additional unpatented mining claims will be attributed to the first year’s work requirement. During the second and third year, an additional $50,000 of work upon, toward, or for the eventual benefit of the Leased Premises shall be performed. During the fourth year, and each year thereafter, the Lessee shall perform $100,000 75,000 of work upon, towards, or for the eventual benefit of the Leased Premises. Provided, however, in the event commercial production is commenced at any time, this Article 7 requiring minimum work shall not be applicable.