ENFORCE26086 - Laserfiche WebLink

Home Browse Search

~ `.. of America, end the decision of the arbitrator or a majority o[ the arbitrators, as the case may be, shall be conclusive end binding upon all the parties. 27. TERM 27.01 Unless earlier terminated by agreement of all parties having an ]merest or es e result of one party acquiring a 100% interest, the Joint Venture and this Agreement shell remain in f'.:'1 force and effect for so long as the parties have any right, title or interest in the Property. Termination of this Agreement shall not, however, relieve any party from any obligations theretofore accrued but unsatisfied, nor from its obligations with respect to rehabilitation of the Mine site and reclamation. 26. DOCUMENT RETENT]ON ON TERMINATION 30.01 Pricr to the distribution of Property and Assets or the net revenues received on the disposal thereof on termination of this Agreement, Parties holding Interests aggregating more than 50% may approve in writing a procedure for the retention, maintenance end disposal of documents maintained pursuant to paragraph 6.02(g) (hereinafter celled "the Documents") and may appoint such party es may consent thereto to ensure that all proper steps are taken to implement end maintain that procedure. It Parties holding Interests aggregating more than 50% tail to approve s procedure es aforesaid, the Operator shall retain, maintain, and dispose of the Documents according to such procedure, in compliance with all applicable laws, as it deems tit. The party entrusted with the retention, maintenance and disposal of the Documents shell estimate the costs end expenses incidental thereto and shall be entitled to receive payment of those costs and expenses prior to any distribution being made of the Property and Assets or the net redvenues received on the disposal thereof. 29. TIME OF ESSENCE 29.01 Time is of the essence o[ this Agreement. 30. SUCCESSORS AND ASSIGNS 30.01 Save es otherwise herein provided, this Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 31. GOVERNING LAW 31.01 This Agreement shall be governed by and interpreted in accordance with the laws of the State of Utah. 32. SEVERABILITY 32.01 If any provision of this Agreement is wholly or partially invalid, this Agreement shall be interpreted as if the invalid provision had not been a part hereof so that the invalidity shall not affect the validity of the remainder which shall be construed es if this Agreement has been executed without the invalid portion. 12