Common use of DISPOSAL OF MATERIAL Clause in Contracts

DISPOSAL OF MATERIAL. 5.1 The Operator, with the approval of the Management Committee, may, from time to time, sell any Material which has become surplus to the foreseeable needs of the Mining Operations for such price and upon such terms and conditions as are available. 5.2 Any Participant may purchase from the Operator any Material which may from time to time become surplus to the foreseeable need of the Mining Operations for such price and upon such terms and conditions as the Management Committee may approve. 5.3 Upon termination of the Agreement the Management Committee may approve the division of any Material held by the Operator at that date which may be taken by the Participants in kind or be taken by a Participant in lieu of a portion of its Proportionate Share of the net revenues received from the disposal of the Assets and Property. If such a division to a Participant be in lieu of a portion of its Proportionate Share it shall be for such price and on such terms and conditions as the Management Committee may approve. 5.4 The net revenues received from the sale of any Material to third parties or to a Participant shall be credited to the Joint Account.

DISPOSAL OF MATERIAL. 5.1 5.01 The Operator, with the approval of the Management Committee, Shareholders’ Committee may, from time to time, sell any Material which has become surplus to the foreseeable needs of the Mining Operations for such the best price and upon such the most favourable terms and conditions as are available. 5.2 5.02 Any Participant may purchase from the Operator any Material which may from time to time become surplus to the foreseeable need of the Mining Operations for such price and upon such terms and conditions as the Management Shareholders’ Committee may approve. 5.3 5.03 Upon termination of the Agreement Agreement, the Management Shareholders’ Committee may approve the division of any Material held by the Operator at that date which may be taken by the Participants in kind or be taken by a Participant in lieu of a portion of its Proportionate Share of the net revenues received from the disposal of the Assets and Property. If such a the division to a Participant be in lieu of a portion of its Proportionate Share lieu, it shall be for such price and on such terms and conditions as the Management Shareholders’ Committee may approve. 5.4 5.04 The net revenues received from the sale of any Material to third parties or to a Participant shall be credited to the Joint Account.

DISPOSAL OF MATERIAL. 5.1 5.01 The Operator, with the approval of the Management Committee, Committee may, from time to time, sell any Material which has become surplus to the foreseeable needs of the Mining Operations for such the best price and upon such the most favourable terms and conditions as are condi-tions available. 5.2 5.02 Any Participant may purchase from the Operator any Material which may from time to time become surplus to the foreseeable fore-seeable need of the Mining Operations for such price and upon such terms and conditions as the Management Committee may approve. 5.3 5.03 Upon termination of the Agreement Agreement, the Management Committee may approve the division of any Material held by the Operator at that date date, which Material may be taken by the Participants in kind or be taken by a Participant in lieu of a portion of its Proportionate Proportion-ate Share of the net revenues received from the disposal of the Assets and Property. If such a the division to a Participant be in lieu of a portion of its Proportionate Share lieu, it shall be for such price and on such terms and conditions as the Management Committee may approve. 5.4 5.04 The net revenues received from the sale of any Material to third parties or to a Participant shall be credited to the Joint Account.

DISPOSAL OF MATERIAL. 5.1 24.1 The Operator, with the approval of the Management management Committee, may, from time to time, sell any Material which has become surplus to the foreseeable needs of the Mining Operations for such price and upon such terms and conditions as are available. 5.2 24.2 Any Participant may purchase from the Operator any Material which may from time to time become surplus to the foreseeable need of the Mining Operations for such price and upon such terms and conditions as the Management Committee may approve. 5.3 24.3 Upon termination of the Agreement Agreement, the Management Committee may approve the division of any Material held by the Operator at that date which may be taken by the Participants in kind or be taken by a Participant in lieu of a portion of its Proportionate Share proportionate share of the net revenues received from the disposal of the Assets assets and Propertyproperty. If such a division to a Participant be in lieu of a portion of its Proportionate Share proportionate share, it shall be for such price and on such terms and conditions as the Management Committee may approve. 5.4 24.4 The net revenues received from the sale of any Material to third parties or to a Participant shall will be credited to the Joint Project Account.

DISPOSAL OF MATERIAL. 5.1 The Operator, with the approval of the Management Committee, Committee may, from time to time, sell any Material which has become surplus to the foreseeable needs of the Mining Operations for such price and upon such terms and conditions as are available. 5.2 Any Participant may purchase from the Operator any Material which may from time to time become surplus to the foreseeable need needs of the Mining Operations for such price and upon such terms and conditions as the Management Committee may approve. 5.3 Upon termination of the Agreement Agreement, the Management Committee may approve that the division of any Material held by the Operator at that date which may be taken by the Participants in kind or be taken by a Participant in lieu of a portion of its Proportionate Share of the net revenues received from the disposal of the Assets and Property. If such a division to a Participant be in lieu of a portion of its Proportionate Share Share, it shall will be for such price and on such terms and conditions as the Management Committee may approve. 5.4 The net revenues received from the sale of any Material to third parties or to a Participant shall will be credited to the Joint Account.