Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three percent (3%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 14 contracts
Samples: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three percent (3( %) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three percent (3%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Limited Liability Company Agreement
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide provided support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, tales depreciation and interest at a rate not to exceed Prime Rate plus three eight percent (38%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 1 contract
Samples: Mining Earn in and Joint Venture Agreement (Pan American Lithium Corp)
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three fifteen percent (315%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 1 contract
Samples: Operating Agreement (Solitario Exploration & Royalty Corp.)
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three eight percent (38.0%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 1 contract
Equipment and Facilities Furnished by Manager. 2.4 The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rental or lease rates commensurate with the actual costs of ownership and operation operations of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, and depreciation and interest at a rate not to exceed Prime Rate plus three percent (3%) per annum. Such rates but shall not exceed the average commercial rates currently prevailing in the vicinity of the Operationsbe greater than that which can be provided on a comparable basis by third parties.
Appears in 1 contract
Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three two percent (32%) per annumannum in excess of the Prime Rate. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 1 contract
Equipment and Facilities Furnished by Manager. The cost of machinery, ---------------------------------------------- equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three ten percent (310%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
Appears in 1 contract