Payor to Determine Operations. The Recipient acknowledges and agrees that any decision to commence, pursue, suspend or cease mining on the Property is solely a matter for the Payor; however the Payor will notify the Recipient if it is considering or intends to take any of these actions.
Appears in 3 contracts
Sources: Royalty Purchase Agreement, Royalty Purchase Agreement (Claude Resources Inc), Net Smelter Returns Royalty Agreement (Claude Resources Inc)
Payor to Determine Operations. The Recipient acknowledges and agrees that any decision to commence, pursue, suspend or cease mining on the Property is solely a matter for the Payor; however the Payor will notify the Recipient if it is considering or intends to take any of these actions.
Appears in 1 contract
Sources: Gross Revenue Royalty Agreement (1397468 B.C. Ltd.)