Common use of T e r m Clause in Contracts

T e r m. 1. This Agreement shall become effective on the date set out at the beginning of this Agreement. 2. Subject to the provisions herein contained, this Agreement shall continue in force until the expiration of the last Operating Period for a Mining Area and for such additional period, if any, for which this Agreement shall be renewed or otherwise extended. The Company shall be entitled to apply for two successive ten year extensions subject to Department approval. The Department will not unreasonably withhold or delay such approval. Such application by the Company may be made at any time during the term of this Agreement, including any prior extension.