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PERMFILE48399
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PERMFILE48399
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Entry Properties
Last modified
8/24/2016 10:50:22 PM
Creation date
11/20/2007 1:35:13 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1991078
IBM Index Class Name
Permit File
Doc Date
12/11/2001
Section_Exhibit Name
EXHIBIT 01 COAL MINE LEASES
Media Type
D
Archive
No
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• which to commence and theratter diligently complete the <br />curing of such default) before Lessor may terminate thi's <br />agreement by ninety (90) days notice to that effect, but if <br />such default or defaults be cured, there shall be no breach <br />hereunder with respect to the same. If Lessor terminates <br />this agreement on account of breach by Lessee, Lessee shall <br />be under no further obligation or liability hereunder to <br />Lessor from and after the date of such termination except for <br />the obligation hereunder relative to accrued Annual Minimum <br />Royalty payments, payment of its share of accrued taxes as <br />specified in Section 10.2, performance of any reclamation <br />requirom~nts az specified in 6ection 6.2, and the liabilities <br />to Lessor, if any, for Production $oyalty which has accrued <br />to the date of such termination. Except as aforesaid Lessee <br />shall not be liable to Lessor for any general or special <br />damages for any breach hereunder, whether Lessor exercises . <br />its rights of termination or otherwise. <br />• 12.3 Termination by Lessee. Lessee shall have the <br />right to terminate this Lease at any time upon written notice <br />delivered to Lessor and the payment oP the unpaid balance, if <br />any, of accrued Annual Minimum Royalties. The termination <br />shall take effect upon any future date set forth in the <br />notice, or, if no date is specified, upon the date of <br />delivery of the notice. Upon such termination, all right, <br />title and interest of Lessee under this Lease shall <br />terminate, and Lessee shall not be required to make any <br />further payments, or to perform any further obligations <br />hereunder, except payments or obligations which then have <br />accrued under the express provisions of this Leases and which <br />have not been paid or performed. <br />ARTICLE XIII <br />ARBITRATION <br />13.1 In case of any dispute or difference between the <br />• parties the same shall be submitted to and determined and <br />settled by arbitration which shall be conducted by and under <br />the rules of the American Arbitration Association, except as <br />13 <br />
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