Common use of Administrative Charge Clause in Contracts

Administrative Charge. Each month, the Manager shall charge the Joint Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Manager for its home office and its district office overhead and general and administrative expenses to conduct each phase of the Operation, and which shall be in lieu of any management fee:

Appears in 1 contract

Samples: Joint Venture Agreement (Sutcliffe Resources Ltd.)

AutoNDA by SimpleDocs

Administrative Charge. (a) Each month, the Manager shall charge the Joint Business Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Manager for its home office and its district office overhead and general and administrative expenses to conduct each phase of the OperationOperations, and which shall be in lieu of any management feefee and for taxes based on production of Products:

Appears in 1 contract

Samples: Equity Participation and Earn in Agreement (Entree Gold Inc)

Administrative Charge. (a) Each month, the Manager shall charge the Joint Business Account a the sum of two percent (2%) (the “Administrative Charge”) of Allowable Costs for each phase all phases of Operations as provided belowOperations, which shall be a liquidated amount to reimburse the Manager for its home office and its district office overhead and general and administrative expenses to conduct each phase of the OperationOperations, and which shall be in lieu of any management fee:.

Appears in 1 contract

Samples: Operating Agreement (Gold Torrent Canada Inc)

Administrative Charge. Each month, the Manager shall charge the Joint Business Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Manager actual administrative costs incurred by the Company directly for its home office and its district office overhead and general and administrative expenses to conduct each phase of activities on the Operation, and which shall be in lieu of any management fee:Property.

Appears in 1 contract

Samples: Joint Venture Agreement (Vista Gold Corp)

AutoNDA by SimpleDocs

Administrative Charge. 2.13.1 Each month, the Manager shall charge the Joint Business Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Manager for its home office and its district office overhead and general and administrative expenses to conduct each phase of the OperationOperations, and which shall be in lieu of any management feefee and for taxes based on production of Products:

Appears in 1 contract

Samples: Exploration, Development and Mine Operating Agreement (Canyon Resources Corp)

Administrative Charge. a. Each month, the Manager shall charge the Joint Business Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Manager for its home office and its district office overhead and general and administrative expenses to conduct each phase of the OperationOperations, and which shall be in lieu of any management feefee and for taxes based on production of Products:

Appears in 1 contract

Samples: Operating Agreement (Western Goldfields Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!