Deadlock on Proposed Programs and Budgets. If the Participants, acting through the Management Committee, fail to approve a Program and Budget by the beginning of the period to which the proposed Program and Budget applies, the provisions of Sections 8.7 and 12.2 shall apply.
Appears in 3 contracts
Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)
Deadlock on Proposed Programs and Budgets. If the Participants, acting through the Management Committee, fail to approve a Program and Budget for the Property by the beginning of the period to which the proposed Program and Budget applies, the provisions of Sections 8.7 Subsections 7.5 and 12.2 8.11 shall apply.
Appears in 3 contracts
Samples: Joint Venture Agreement (Southern Energy Company, Inc.), Joint Venture Agreement (Siga Resources Inc.), Joint Venture Agreement (Siga Resources Inc.)
