Franco definition
Examples of Franco in a sentence
Franco shall promptly commence any such audits and shall diligently prosecute the same to conclusion.
Franco may, from time to time in its discretion, change the bank or account number for payment under to Sections 4.4.1 and 4.4.2 by giving written notice thereof to Operator and the Payor; such notice shall be effective upon actual receipt by the Payor, or upon the fourth day after deposit of such notice in the mail, first class postage prepaid, addressed to the Payor, whichever occurs first.
Following the expiration of the period for objection described above in Section 4.5, and absent timely objection, if any, made by Franco, Operator may dispose of the materials and data required to be kept and produced by this Section 4.7.
Comprehensive general public liability insurance against claims for bodily injury or death or property damage arising out of or resulting from Operator's activities or operations on or with respect to the Property, in such amounts as will adequately protect Operator, Franco, the Royalty, and the Property from any and all claims, liabilities and damages which may arise with respect to this Agreement or the Property.
Additionally and within 30 days of the end of each calendar quarter, Operator shall provide Franco access to all data and information generated with respect to the Property during the calendar quarter just ended.
If not later than 10 days before the proposed date of abandonment Operator receives from Franco written notice that Franco desires Operator to convey the Abandonment Property to Franco, Operator shall, without additional consideration, convey the Abandonment Property in good standing by quit claim deed, without warranty, to Franco and shall thereafter have no further obligation to maintain the title to the Abandonment Property.
Franco shall indemnify and hold Operator harmless from any damage, claim or demand by reason of injury to Franco or Operator or any of their respective employees, officers, directors, agents or representatives caused by Franco's exercise of its rights herein.
The Payor shall pay the Royalty for each shipment of Other Minerals by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco.
Franco, or its authorized agents or representatives, shall enter the Property at Franco's own risk and expense and may not unreasonably hinder operations on or pertaining to the Property.
In the event Franco instructs the Payor to deliver the Royalty in the form of gold bullion, the Royalty payable on silver or platinum group metals shall be converted to the gold equivalent of such silver or platinum group metals by using the average monthly spot prices for Precious Metals described in Section 4.1.