Flow-Through Obligations Clause Samples

Flow-Through Obligations. Baytex has not entered into any agreements or made any covenants with any parties with respect to the issuance of "flow-through" shares or the incurring and renunciation of Canadian exploration expense or Canadian development expense, which amounts have not been fully expended and renounced as required thereunder.

Flow-Through Obligations. Profound has not entered into any agreements or made any covenants with any parties with respect to the issuance of "flow-through" Common Shares or the incurring and renunciation of Canadian exploration expense or Canadian development expense, which amounts have not been fully expended and renounced as required thereunder.

Flow-Through Obligations. Augusta has not issued any “Flow through” shares since June 30, 2007.

Flow-Through Obligations. Raging River has not entered into any agreements or made any covenants with any parties with respect to the issuance of "flow-through" shares or the incurring and renunciation of Canadian exploration expense or Canadian development expense, which amounts have not been fully expended and renounced as required thereunder.

Flow-Through Obligations. Since November 19, 2012, Northern Empire has not issued any “flow-through” shares. Northern Empire has fully complied with all of its obligations in respect of the issuance of any flow-through shares, including (without limitation) its obligation to renounce any “Canadian development expense” or “Canadian exploration expense” (as those terms are defined in the Tax Act).

Flow-Through Obligations. Neither Solana nor any of the Solana Subsidiaries has entered into any agreements or made any covenants with any parties with respect to the issuance of shares which are "flow-through shares" for the purposes of the Income Tax Act (Canada) or the incurring and renunciation of Canadian exploration expense or Canadian development expense, which amounts have not been fully expended and renounced as required thereunder, without the written approval of Gran Tierra.

Flow-Through Obligations. As of the date hereof, Petrominerales does not have any obligations to incur or renounce to investors any Canadian exploration expense or Canadian development expense, each as defined under the Tax Act, pursuant to any flow-through share agreement of which Petrominerales or any predecessor is a party.

Flow-Through Obligations. Other than as disclosed in the Disclosure Letter, Storm has renounced all expenditures required to be renounced under all flow-through agreements which Storm is a party and Storm has incurred the required expenditures under all such flow-through agreements.

Flow-Through Obligations. The Company has not issued any “flow-through” shares since June 30, 2007.