Common use of Called Sums Clause in Contracts

Called Sums. (a) The Manager may at any time send a notice (a Call Notice) to the Owners requiring them to contribute funds in accordance with item 2 of the Funding and Distribution Policy in proportion to their respective Participating Shares to meet XX Xxxx Costs that the Manager estimates are to be paid during the period to which the Call Notice relates (each a Called Sum).

Appears in 4 contracts

Samples: Production Joint Venture Agreement (BHP Billiton PLC), Rio Tinto LTD, Rio Tinto LTD

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