Common use of Administrative Charge Clause in Contracts

Administrative Charge. 2.14.1. Each month, the Manager shall charge the Joint Account a sum for each phase of Operations as provided below, which is a liquidated amount to reimburse the Manager and its Affiliates for its office overhead, and general and administrative expenses, and which shall be in lieu of any other management fee: 2.14.1.1. Exploration Phase -[Redacted] of Allowable Costs; 2.14.1.2. Development Phase - [Redacted] of Allowable Costs; and 2.14.1.3. Mining Phase - [Redacted] of Allowable Costs.

Appears in 1 contract

Samples: Joint Venture Agreement

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Administrative Charge. 2.14.1. (a) Each month, the Manager shall charge the Joint Account a sum for each phase of Operations operations as provided below, which is shall be a liquidated amount to reimburse the Manager and its Affiliates for its office overhead, overhead and general and administrative expenses, and which shall be in lieu of any other management feefees: 2.14.1.1. (1) Exploration Phase -[Redacted] - ___% of Allowable Costs; 2.14.1.2. (2) Development Phase - [Redacted] ___% of Allowable Costs; and 2.14.1.3. (3) Mining Phase - [Redacted] ___% of Allowable Costs.

Appears in 1 contract

Samples: Option to Purchase With Exploration Rights (Golden Phoenix Minerals Inc /Fa/)

Administrative Charge. 2.14.1. (a) Each month, the Manager Operator shall charge the Joint Account a sum for each phase of Operations as provided below, which is shall be a liquidated amount to reimburse the Manager Operator and its Affiliates for its and their home office overhead, overhead and general and administrative expensesexpenses to conduct each phase of the Operations, and which shall be in lieu of any other management fee: 2.14.1.1. (i) Exploration Phase -[Redacted] of Allowable Costs; 2.14.1.2. Development Phase - [Redacted] of Allowable Costs; and 2.14.1.3. Mining Phase - [Redacted] ten percent (10%) of Allowable Costs. (ii) Major Construction Phase - two percent (2%) of Allowable Costs. (iii) Mining Phase - three percent (3%) of Allowable Costs.

Appears in 1 contract

Samples: Subscription & Option Agreement (Fronteer Development Group)

Administrative Charge. 2.14.1. (a) Each month, the Manager shall charge the Joint Account a sum for each phase an amount equal to 5% of Operations as provided belowAllowable Costs which are paid to third party contractors and 10% of all other Allowable Costs, which is shall be a liquidated amount to reimburse the Manager and its Affiliates for its and their borne office overhead, overhead and general and administrative expensesexpenses to conduct Mining Operations, and which shall be in lieu of any other management fee: 2.14.1.1. Exploration Phase -[Redacted] of Allowable Costs; 2.14.1.2. Development Phase - [Redacted] of Allowable Costs; and 2.14.1.3. Mining Phase - [Redacted] of Allowable Costs.

Appears in 1 contract

Samples: Property Option Agreement

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Administrative Charge. 2.14.1. (a) Each month, the Manager shall charge the Joint Account a sum for each phase of Operations as provided below, which is shall be a liquidated amount to reimburse the Manager and its Affiliates for its home office overhead, overhead and general and administrative expensesexpenses to conduct each phase of the Operations, and which shall be in lieu of any other management fee: 2.14.1.1. (1) Exploration Phase -[Redacted] of Allowable Costs; 2.14.1.2. Development Phase - [Redacted] of Allowable Costs; and 2.14.1.3. Mining Phase - [Redacted] of Allowable Costs.three percent (3%)

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

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