Laserfiche WebLink
insurance shall cover Lessee's operations on the Property and shall name <br />Lessor as an additional insured. <br />8.2 All insurance under this Section 8 shall be issued by insurers duly authorized to <br />do business in the State of Colorado and each policy shall provide that it may not <br />be canceled without a minimum of fourteen (14) days prior written notice to <br />Lessor and Lessee. To the extent reasonably attainable, each policy required <br />under this subsection 8.2 shall contain a waiver of subrogation clause and <br />agreement by the insurer that coverage shall not be canceled because of <br />operations properly conducted under this Lease. <br />9. Reclamation and Surrender of Possession. <br />9.1 Subject to subsection 1.4 and this Section 9, Lessee shall surrender the Property to <br />Lessor at the expiration of the Term or upon earlier termination of this Lease. <br />9.2 After expiration of the Term or earlier termination of this Lease, Lessee shall <br />complete at Lessee's expense all reclamation and re -vegetation of the Property (to <br />the extent such reclamation has not previously been completed) required by any <br />governmental authority having jurisdiction arising from or based upon Lessee's <br />operations and activities on the Property under this Lease as and when required by <br />that governmental authority and in accordance with :the terms of the Permits and <br />all requirements of any governmental authority permitting, authorizing, or having <br />authority over the Business. Lessee shall have the right of access to the Property <br />as required to perform the reclamation and re -vegetation work, <br />9.3 Notwithstanding Lessee's reclamation requirements set forth in subsection 9.2, if <br />Lessee has not exercised its option under subsection 3.2 to develop, mine, <br />Produce, remove, process, stockpile and market Common Materials from Pit 5, <br />Lessee shall not be obligated in any way to reclaim Pit 5 (except for any <br />disturbances caused by Lessee's exploration activities as provided in subsection <br />3.2) and Lessee shall be removed from all bonding obligations for Pit 5. <br />9.4 'Within 90 days after termination of this Lease by expiration of the Term or <br />otherwise, Lessee shall remove all equipment, machinery, tools, supplies, and <br />other personal property, buildings, facilities and pnstallations placed on the <br />Property by Lessee, except as necessary for completion of reclamation work <br />required by this Lease. Any such property not removed within that period may be <br />removed by Lessor at Lessee's expense. <br />9.5 Upon completion of reclamation and at Lessor's request, Lessee shall execute and <br />deliver to Lessor a recordable written release to Lessor of all of Lessee's right, <br />title, and interest in the Property under this Lease (including, if applicable) any <br />remaining extensions or renewals of this Lease. <br />10. Indemnification. <br />7 <br />