Common use of Disposition of Assets on Termination Clause in Contracts

Disposition of Assets on Termination. Promptly after termination under Sections 8.1 and 8.2, WG shall take all action necessary to wind up the activities of the Property. All costs and expenses incurred in connection with the termination of this Agreement and any business related to this Agreement shall be expenses chargeable to WG.

Appears in 2 contracts

Sources: Exploration and Mining Lease Agreement (Western Goldfields Inc), Exploration and Mining Lease Agreement (Western Goldfields Inc)