Common use of COVENANTS OF THE OPTIONEE Clause in Contracts

COVENANTS OF THE OPTIONEE. 9.1 The Optionee covenants and agrees with the Optionor that until the Option is exercised or terminated it shall: (a) carry out and record or cause to be carried out and recorded all such assessment work upon the Properties under option as may be required in order to maintain such Properties in good standing at all times during the term of this Option Agreement; (b) keep such Properties clear of liens and other charges arising from its operations thereon; (c) carry on all operations on such Properties in compliance with all applicable governmental regulations and restrictions; (d) pay or cause to be paid any rates, taxes, duties, royalties, assessments or fees charged or levied with respect to such Properties or the Optionee's operations thereon; (e) indemnify and hold the Optionor harmless from any and all liabilities, costs, damages or charges arising from the failure of the Optionee to comply with the covenants contained in this article or otherwise arising from its operations on the Properties; (f) allow the Optionor access at all reasonable times and intervals to all maps, reports, assay results and other factual technical data prepared or obtained by the Optionee in connection with its operations on the Properties; (g) use its best efforts to file with, and have the TSX accept, this Option Agreement.

Appears in 3 contracts

Sources: Option Agreement (Ripple Lake Diamonds Inc.), Option Agreement (Ripple Lake Diamonds Inc.), Option Agreement (Ripple Lake Diamonds Inc.)

COVENANTS OF THE OPTIONEE. 9.1 9.01 The Optionee covenants and agrees with the Optionor that until the Option is exercised or terminated it shall: (a) carry out and record or cause to be carried out and recorded all such assessment work upon the Properties Property under option as may may, be required in order to maintain such Properties Property in good standing at all times during the term of this Option Agreement; (b) keep such Properties Property clear of liens and other charges arising from its operations thereon;: (c) carry on all operations on such Properties Property in compliance with all applicable governmental regulations and restrictions; (d) pay or cause to be paid any rates, taxes, duties, royalties, assessments or fees charged or levied with respect to such Properties Property or the Optionee's operations thereon; (e) indemnify and hold the Optionor harmless from any and all liabilities, costs, damages or charges arising from the failure of the Optionee to comply with the covenants contained in this article or otherwise arising from its operations on the PropertiesProperty; (f) allow the Optionor access at all reasonable times and intervals to all maps, reports, assay results and other factual technical data prepared or obtained by the Optionee in connection with its operations on the PropertiesProperty; (g) use its best efforts to file with, and have the TSX accept, this Option Agreement.

Appears in 1 contract

Sources: Option Agreement (Ripple Lake Diamonds Inc.)

COVENANTS OF THE OPTIONEE. 9.1 9.01 The Optionee covenants and agrees with the Optionor that until the Option is exercised or terminated it shall: (a) carry out and record or cause to be carried out and recorded all such assessment work upon the Properties Property under option as may be required in order to maintain such Properties Property in good standing at all times during the term of this Option Agreement; (b) keep such Properties Property clear of liens and other charges arising from its operations thereon; (c) carry on all operations on such Properties property in compliance with all applicable governmental regulations and restrictions; (d) pay or cause to be paid any rates, taxes, duties, royalties, assessments or fees charged or levied with respect to such Properties Property or the Optionee's operations thereonoperations; (e) indemnify and hold the Optionor harmless from any and all liabilities, costs, damages or charges arising from the failure of the Optionee to comply with the covenants contained in this article or otherwise arising from its operations on the PropertiesProperty; (f) allow the Optionor to access at all reasonable times and intervals to all maps, reports, assay results and other factual technical data prepared or obtained by the Optionee in connection with its operations on the PropertiesProperty; (g) use its best efforts effects to file with, and have the TSX accept, this Option Agreement.

Appears in 1 contract

Sources: Option Agreement (Ripple Lake Diamonds Inc.)

COVENANTS OF THE OPTIONEE. 9.1 9.01 The Optionee covenants and agrees with the Optionor that until the Option is exercised or terminated it shall: (a) carry out and record or cause to be carried out and recorded all such assessment work upon the Properties Property under option as may be required in order to maintain such Properties the Property in good standing at all times during the term of this Option Agreementthe Option; (b) keep such Properties the Property clear of liens and other charges arising from its operations thereon; (c) carry on all operations on such Properties the Property in compliance with all applicable governmental regulations and restrictions; (d) pay or cause to be paid any rates, taxes, duties, royalties, assessments or fees charged or levied with respect to such Properties the Property or the Optionee's operations thereon; (e) indemnify and hold the Optionor harmless from any and all liabilities, costs, damages or charges arising from the failure of the Optionee to comply with the covenants contained in this article or otherwise arising from its operations on the PropertiesProperty; (fh) allow give the Optionor access at all reasonable times and intervals to all maps, reports, assay results and other factual technical data prepared or obtained by the Optionee in connection with its operations on the PropertiesProperty; (gi) use its best efforts to file with, with and have the TSX accept, Venture Exchange accept this Option AgreementAgreement for filing.

Appears in 1 contract

Sources: Option Agreement (Ripple Lake Diamonds Inc.)

COVENANTS OF THE OPTIONEE. 9.1 9.01 The Optionee covenants and agrees with the Optionor Optionors that until the Option is exercised or terminated it shall: (a) carry out our and record or cause to be carried out our and recorded all such assessment work upon on the Properties Property under option as may be required in order to maintain such Properties Property in good standing at all times during the term of this Option Agreement; (b) keep such Properties Property clear of liens and other charges arising from its operations thereon; (c) carry on all operations on such Properties Property in compliance with all applicable governmental regulations and restrictions; (d) pay or cause to be paid any rates, taxes, duties, royalties, assessments or fees charged or levied with respect to such Properties Property or the Optionee's operations thereon; (e) indemnify and hold the Optionor Optionors harmless from any and all liabilities, costs, damages or charges arising from the failure of the Optionee to comply with the covenants contained in this article or otherwise arising from its is operations on the PropertiesProperty; (f) allow the Optionor Optionors access at all reasonable times and intervals to all maps, reports, assay results and other factual technical data prepared or obtained by the Optionee in connection with its operations on the PropertiesProperty; (g) use its best efforts to file with, and have the TSX accept, this Option Agreement.

Appears in 1 contract

Sources: Option Agreement (Ripple Lake Diamonds Inc.)