Common use of Maintenance of the Property Clause in Contracts

Maintenance of the Property. Each Seller shall make all payments of Taxes, royalties, land-holding costs, claim maintenance and similar fees, lease payments and other payments that are due as of the Effective Date or become due from and after the Effective Date until the Closing Date and that are required for such Seller to maintain the interest in its Mining Property, except to the extent such payments are being contested pursuant to a good faith dispute.

Appears in 2 contracts

Samples: Joint Venture Agreement (JR Resources Corp.), Joint Venture Agreement (Dakota Territory Resource Corp)

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Maintenance of the Property. Each The Seller shall make all payments of Taxes, royalties, land-holding costs, claim maintenance and similar fees, lease payments and other payments that are due as of the Effective Date or become due from and after the Effective Date until the Closing Date and that are required for such the Seller to maintain the its interest in its the Mining Property, except to the extent such payments are being contested pursuant to a good faith dispute.

Appears in 2 contracts

Samples: Asset Purchase Agreement (JR Resources Corp.), Option Agreement (Dakota Territory Resource Corp)

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