Laserfiche WebLink
laws, religplations, and permit conditions that apply to the Property and <br /> the ope ations on the Property including,but not limited to all <br /> reclamation environmental and land use laws, regulations and permit <br /> conditions. <br /> d. Upon t ination of this Lease with respect to all or any part of the <br /> Propert ,the Company agrees to furnish Lessor with a document <br /> reasona ly satisfactory to Lessor verifying such termination and <br /> release f Lease. <br /> e. Upon termination of this Lease by the Company for any reason, all <br /> sums paid hereunder to Lessor shall remain the property of Lessor and <br /> shall not be recoupable or refundable except to the extent that they <br /> have already been recouped or refunded as of the effective date of <br /> termination, or except as expressly provided in Paragraphs 10.13 and C <br /> above. <br /> 13. End of Term. The Company shall have the right for six(6) months from the <br /> date of the expiration or termination of the Lease to dismantle and remove <br /> machinery, equipment, improvements, and other facilities installed or <br /> constructed on the Property by the Company and also to sell and remove <br /> Materials then tockpiled on the Property, subject to its obligation to pay Sales <br /> Royalties purs ant to Section 3. <br /> 14. No Develo me it Covenant. There is no implied covenant or obligation of the <br /> Company to ex lore, develop or mine the Property or to sell Materials. The <br /> Company may naintain this Agreement in effect for its term and any allowed <br /> extensions by making the payments set forth herein. <br /> 15. Restoration of Property. Within one (1) year after the expiration or earlier <br /> termination of is Lease, the Company is required to substantially restore the <br /> Property to the condition required by law and by the applicable permits and <br /> approvals required for the Company to conduct operations hereunder. <br /> Thereafter,the Company shall continue to have the right to access and enter <br /> the Property an to effect on the Property such final reseeding, restoration, <br /> repair, rehab ilit tion and reclamation as may be required for the Company to <br /> obtain release of any security or bond provided by the Company to secure its <br /> performance of reclamation require by its governmental permits and <br /> authorizations. Following the expiration or termination of this Lease for any <br /> reason, Lessor covenants that Lessor will not extract or allow others to extract <br /> Materials until Lessor or others effect the transfer of the Colorado Division of <br /> Reclamation, TV,ining and Safety permit in their names for reclamation or <br /> rehabilitation o the Property and the release of any security or bond provided <br /> by the Compan to secure its performance or discharge its responsibilities. <br /> Lessor Initials <br /> Lessee Initials .J <br />