Gentor definition
Examples of Gentor in a sentence
In case of any dispute between the parties arising under this Agreement which cannot be settled between the parties, the same shall be submitted to the American Arbitration Association in accordance with the laws of the state in which the Premises is located and the Rules of the American Arbitration Association, and the cost thereof shall be paid by Owner and Gentor in equal shares.
The escrow holder will be mutually acceptable to Owner and Gentor.
Owner shall forever indemnify and save harmless Gentor, its successors and assigns, of and from any and all liability whatsoever for any claims, actions or damages in any way arising from Owner's occupation and use of the Premises, or its operations thereon or therein, before the Effective Date and after the termination date.
In the case of Gentor' failure to pay the minimum payments due hereunder, Owner shall be entitled to give Gentor written notice of the default, and if such default is not remedied within twenty (20) days after the receipt of said notice, then this Agreement shall be deemed canceled and terminated effective on the twentieth (20th) day after Gentor' receipt of said notice.
Gentor shall have the right, at any time during the term hereof, to stockpile on the Premises, without the obligation to remove or return the same, any ore or materials mined or produced by Gentor or its affiliated companies from other lands.
If such default is not remedied within sixty (60) days after receipt of said notice, provided the same can reasonably be done within that time, or, if not, if Gentor has not within that time commenced action to cure the same or does not after such commencement diligently prosecute such action to completion, then this Agreement shall be deemed canceled and terminated effective on the sixtieth (60th) day after the Gentor' receipt of said notice.
Gentor shall have the right, at any time during the term hereof, to stockpile any ore or product mined or produced from the Premises at such place or places as Gentor may elect, without the obligation to remove or return the same, either upon the Premises or upon any other lands owned or controlled by Gentor or its successors and assigns.
However, if Gentor terminates this Agreement after August 1st of any lease year, Gentor agrees to file and pay the required annual rental assessment fees and prepare, record and file evidence of the same.
If during the term of this Agreement Gentor locates any unpatented mining claims within the area described as Area of Interest, the claims shall be deemed a part of the Premises for purposes of this Agreement.
Nothing stated herein shall prohibit Gentor from pledging its interest in this Agreement as security for any indebtedness of Gentor incurred for the purpose of the exploration, development or mining of the Premises.