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2014-05-19_GENERAL DOCUMENTS - C1981014 (2)
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2014-05-19_GENERAL DOCUMENTS - C1981014 (2)
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Last modified
8/24/2016 5:44:05 PM
Creation date
5/20/2014 1:29:20 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1981014
IBM Index Class Name
General Documents
Doc Date
5/19/2014
Doc Name
Response & Attachments - EFCI
From
Rich Munson
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
DAB
JLE
JHB
RDZ
Media Type
D
Archive
No
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exercise any rights granted under this Lease other than to reclaim the Leased Premises <br />from and after March 20, 2002. If there is any dispute or controversy concerning the <br />construction or enforcement of the provisions relating to the term of this Lease, Lessee <br />agrees to cease all operations permitted under this Lease on March 20, 2002, except <br />reclamation of the Leased Premises, until that controversy or dispute is finally resolved. <br />3. Royalties. Lessee shall pay to each of the three entities identified <br />collectively as "Lessor" herein the sum of Fifty Thousand Dollars ($50,000) upon execution <br />of this Lease for a total of One Hundred Fifty Thousand Dollars ($150,000) . Lessee shall <br />pay to each of the three entities identified collectively as Lessor herein an additional royalty <br />payment of Fifty Thousand Dollars ($50,000) on or before September 20, 2000 for a total <br />of One Hundred Fifty Thousand Dollars ($150,000) and a final royalty payment of Fifty <br />Thousand Dollars $50,000 to each of the three entities identified as Lessor herein on or <br />before March 20, 2001 for a total of One Hundred Fifty Thousand Dollars ($150,000). The <br />failure to pay the full amount of such royalties and to pay those royalties on or before the <br />dates prescribed shall constitute an automatic forfeiture of this Lease and the forfeiture of <br />all rights and privileges hereunder by Lessee, without notice, demand or any other effort <br />on the part of the Lessor subject to Lessee's reclamation rights and obligations. It is <br />understood and agreed that the payment of these royalties shall not be reduced, set -off <br />or diminished for any reason whatsoever and shall not be delayed for any reason <br />whatsoever including, but not limited to any events considered to be a "force majeure" as <br />described herein. <br />4. Cross - Mining Rights and Commingling. Lessee shall have the right only <br />until March 20, 2002 to possess and use all or any part of the Leased Premises and any <br />I1JM "SOUTHWIND <br />mlfining Lease <br />March 23, 2000 3 <br />
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