Common use of Residual Right of Entry Clause in Contracts

Residual Right of Entry. In the event of termination of the Option pursuant to Section 5.2 hereof, the Optionee shall have the right, within a period of one hundred and twenty (120) days following such termination, to remove from the Project all buildings, plant, equipment, machinery, tools, appliances and supplies which have been brought upon the Project by or on behalf of the Optionee.

Appears in 1 contract

Sources: Option Agreement (Gold Bag, Inc.)

Residual Right of Entry. In the event of termination of the Primary Option pursuant to Section 5.2 8.2 hereof, the Optionee shall have the right, within a period of one hundred and twenty (120) 180 days following such termination, to remove from the Project Property all buildings, plant, equipment, machinery, tools, appliances and supplies which have been brought upon the Project Property by or on behalf of the Optionee.

Appears in 1 contract

Sources: Option Agreement (Quincy Energy Corp)