Common use of Mining Permits Clause in Contracts

Mining Permits. Set forth on Schedule 4.01(h) is a list of all Mining Permits and Environmental Permits that are required to be obtained by the Company to conduct the Yellowhammer Mining Activities and the Kiewit Mining Activities and such Schedule 4.01(h) further sets forth (i) whether such permit has been issued or is pending or has been applied for and the date of issuance thereof or, in the case of any pending application, submission thereof, (ii) the amount of all surety bonds or other collateral required for the bonding of such permit, if known and as applicable to such permit, and (iii) with respect to any pending permit application, the status thereof (including a summary of the remaining conditions required to be satisfied before the Governmental Authority will issue the permit that is the subject of such application).

Appears in 2 contracts

Sources: Investment Agreement (Desert Hawk Gold Corp.), Investment Agreement (Desert Hawk Gold Corp.)