Term of Mining Licenses Sample Clauses

Term of Mining Licenses a. The term of any Mining License granted to the Company under this Agreement (the “Mining Term”) shall commence on the date such license is issued, and shall end on the date requested by the Company (not beyond the end of the original term of this Agreement), unless earlier terminated sooner pursuant to Section 25. The Company is entitled to renewal of renew any Mining License granted under this Agreement for consecutive additional terms not to exceed 25 years each if the Company has complied with all of its payment obligations under this Agreement and under the Revenue Code, and has complied in all material respects with its other obligations under this Agreement and the Mining Law (except for such defaults in the performance by the Company of any of such obligations that have been cured to the reasonable satisfaction of, or waived by, the Inter-Ministerial Concessions Committee established under the Public Procurement And Concessions Act of 2005, as then in effect, or any similar successor body (failing the existence of any such body, by the Minister)on (i) demonstration by the Company that there continues to exist in the Production Area Proved Mineral Reserves of the Minerals covered by such Mineral License in sufficient quantities to support continued mining for at least 80% of the renewal term requested by the Company (assuming no interruptions to production), (ii) delivery by the Company and approval by the Minister in the manner provided in Section 5.10 of an updated Feasibility Report setting forth the Company’s Mining and capital expenditure plan for the extended term and otherwise complying with the requirements of Section 5.4 through Section 5.9, and (iii) satisfaction of such other conditions as otherwise may be required by applicable Law. The Company may apply for renewal of a Mining License not more than three years and not less than one year prior to the date of expiration of the current Mining License. b. The Company may relinquish a Mining License (and be relieved of further obligations under this Agreement) on at least [ 180 ] days notice to the Government if (i) on the date of such notice and the date set as the effective date of relinquishment there is no payment default and no other material default unwaived by the Government in the performance by the Company of its obligations under this Agreement, (ii) the Company confirms in such notice its obligation to and willingness to carry out the approved closure management plan applicable t...
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Related to Term of Mining Licenses

  • State Business Licenses The Servicer or the Certificateholder shall prepare and instruct the Trust to file each state business license (and any renewal thereof) required to be filed under applicable state law without further consent or instruction from the Instructing Party (as defined in the Trust Agreement), including a Sales Finance Company Application (and any renewal thereof) with the Pennsylvania Department of Banking, Licensing Division, and a Financial Regulation Application (and any renewal thereof) with the Maryland Department of Labor, Licensing and Regulation.

  • Permits/Licenses Contractor and all Contractor’s employees or agents shall secure and maintain in force such permits and licenses as are required by law in connection with the furnishing of services pursuant to this Contract.

  • Permits, Licenses, Etc Each of the Borrower and its Subsidiaries possesses all permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights, and copyrights which are material to the conduct of its business. Each of the Borrower and its Subsidiaries manages and operates its business in accordance with all applicable Legal Requirements except where the failure to so manage or operate could not reasonably be expected to result in a Material Adverse Change; provided that this Section 4.14 does not apply with respect to Environmental Permits.

  • Business License Prior to commencement of work, Consultant shall obtain a business license from City.

  • Compliance with Laws, Contracts, Licenses, and Permits The Borrower and the Subsidiary Guarantors will comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, (ii) the provisions of its corporate charter, partnership agreement, limited liability company agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties, except where a failure to so comply with any of clauses (i) through (v) could not reasonably be expected to have a Material Adverse Effect. If any authorization, consent, approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrower or their respective Subsidiaries may fulfill any of its obligations hereunder, the Borrower or such Subsidiary will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Lenders with evidence thereof, except where the failure to obtain the foregoing could not reasonably be expected to have a Material Adverse Effect. The Borrower and the Subsidiary Guarantors shall develop and implement such programs, policies and procedures as are necessary to comply with applicable Anti-Money Laundering Laws and shall promptly advise Agent in writing in the event that the Borrower and the Subsidiary Guarantors shall determine that any investors in Borrower are in violation of such act.