Common use of Contents of Program Clause in Contracts

Contents of Program. The Operator shall prepare a Program and submit such Program budget to the Management Committee for approval at least 30 days before the beginning of each calendar year. The Management Committee must approve each Program prior to implementation. Each Program shall cover a period of up to 12 months or such other period as the Parties may agree. Each Program must contain: (a) a reasonably detailed outline of all work which the Operator contemplates carrying out on the Property under such Program detailing the areas on the Property to be subject to such work and the time frame for each of the major elements of such work; (b) a reasonably itemized budget, broken down by month, of the projected Expenditures under the Program; and (c) the estimated amount and date of each payment that the non-Operator would have to make to the Operator.

Contents of Program. The Operator shall prepare a Program and submit such Program budget to the Management Committee for approval by at least September 30 days before the beginning of each calendar year. The Management Committee must approve each Program prior to implementation. Each Program shall cover a period of up to 12 months or such other period as the Parties may agree. Each Program must contain: (a1) a reasonably detailed outline of all work Mining Operations which the Operator contemplates carrying out on the Property under such Program and detailing the areas on the Property to be subject to such work Mining Operations and the time frame for each of the major elements of such workthe Mining Operations; (b2) a reasonably itemized budget, broken down by month, of the projected Expenditures under the Program; and (c3) the estimated amount and date of each payment that the non-Operator would have to make to the Operator.

Contents of Program. The Operator shall prepare a Program and submit such Program budget to the Management Committee for approval at least 30 sixty (60) days before the beginning of each calendar year. The Management Committee must approve each Program prior to implementation. Each Program shall cover a period of up to 12 months or such other period as the Parties may agree. Each Program must contain: (a) a reasonably detailed outline of all work which the Operator contemplates carrying out on the Property under such Program detailing the areas on the Property to be subject to such work and the time frame for each of the major elements of such work; (b) a reasonably itemized itemised budget, broken down by month, of the projected Expenditures under the Program; and (c) the estimated amount and date of each payment that the non-Operator would have to make to the Operator.