Common use of COVENANTS OF THE OPERATOR Clause in Contracts

COVENANTS OF THE OPERATOR. During the Option Period, the Operator will: (a) maintain the Beskauga Property in good standing and pay all costs in respect thereof, provided that neither the Operator or SVB (whether or not it is the Operator) shall be required to make any expenditures in connection with the preparation of independent studies to be filed with a governmental body of Kazakhstan; (b) comply with all applicable laws with respect to its activities on the Beskauga Property; (c) keep CB and SVB, as applicable, reasonably informed as to the activities with respect to the Beskauga Property; (d) provide CB and SVB, as applicable, with an annual report on the Beskauga Property within 90 days of the end of the work programs conducted in each year; (e) allow CB and SVB, as applicable, to conduct site visits on the Beskauga Property upon reasonable notice at their sole risk and expense; and (f) provide CB and SVB, as applicable, access to all Beskauga Property-related information, including financial information.