Funding of Exploration Activities Sample Clauses

Funding of Exploration Activities. Prior to the commencement of each contract year, Piedmont shall prepare a general plan and budget (“Plan”) setting forth the description and amount of Piedmont’s proposed exploration expenditures for the year. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, Piedmont, as Manager during the earn-in period, shall have the final say regarding the Plan. Piedmont may add an overhead fee of ten percent (10%) to all expenditures (except the claim maintenance fees described in Section 1.4 below) as a credit toward its work requirement for that year. Piedmont may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Services Agreement attached hereto as Exhibit B.
Sample 1Sample 2
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Funding of Exploration Activities. Concurrent with the execution of this Agreement, NGC will open the “NGC Lapon Canyon Account” at the Xxxx Rd. branch of U.S. Bank in Reno, Nevada. This account shall be used exclusively to pay costs associated with the Lapon Canyon Project. Prior to the commencement of each contract quarter, WRR shall prepare a general plan and budget (“Plan”) setting forth the description and amount of WRR’s proposed exploration expenditures for the quarter. NGC shall review and comment upon the Plan within fifteen (15) days of its submission. However, WRR, as Operator during the earn-in period, shall have the final say regarding the Plan.
Sample 1
Funding of Exploration Activities. Concurrent with the execution of this Agreement, Carlin US will open the “Carlin US-Willow Creek Account” at the Virginia Street main branch of U.S. Bank in Reno, Nevada. Piedmont’s check for THREE HUNDRED THOUSAND DOLLARS ($300,000.00) will be deposited into this Account, representing the first year’s binding work commitment. These funds shall be used exclusively to pay costs associated with the Willow Creek Project. Piedmont and Carlin US shall form an exploration budget committee (“Budget Committee”) comprised of representatives for each of Piedmont and Carlin US. The initial representatives shall be Xxx Xxxxxxxxx for Piedmont and Xxxxxx Xxxxxx for Carlin US. The Budget Committee shall agree on the initial work program which will be funded by Piedmont’s initial $300,000 payment. During the term of this Agreement, Exploration Expenditure budgets beyond the initial commitment shall be made monthly or for such longer periods as agreed to by the Budget Committee. An agreed upon budget shall be funded in full by Piedmont within fifteen (15) days of written notice by the Budget Committee by check to the Carlin US-Willow Creek Account and in any event prior to commencement of any exploration activity by Carlin US pursuant to the Agreement. If the Budget Committee is unable to reach a consensus with respect to the exploration program during the earn-in period, Piedmont’s representative shall have the deciding vote. Carlin US, while operator of the Willow Creek Project, will receive, review, and approve individual invoices for services and materials associated with the Project. Carlin US will forward approved invoices to Piedmont’s representative, presently Lew Xxxxxxxxx, for Piedmont’s review and approval. If written approval has not been received within 48 hours, invoices will be deemed to be approved. Approved invoices will then be returned to Carlin US for payment, with copies forward to Xxxxxx Xxxxxxx of Piedmont and Xx. Xxxxx Xxxx, Piedmont’s independent Certified Public Accountant. Carlin US will then be authorized to write and issue checks or other payment for the approved invoices. Carlin US shall be authorized to pay bills of less than $1,000.00 without approval by Piedmont and will submit copies of receipts for such expenditures to Piedmont. U.S. Bank will send monthly statements for the Carlin US-Willow Creek Account to Carlin US, along with originals or copies of the checks paid. Carlin will in turn forward monthly statements and copies of checks pa...
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract year, Columbus shall prepare a Work Plan and Budget (“Plan”) setting forth the amount of Piedmont’s required expenditures. Piedmont shall review and approve (or request modifications to) the Plan within fifteen (15) days of its submission. Following approval of the Plan by both Piedmont and Columbus, Piedmont shall be obligated to respond to quarterly cash calls within thirty (30) days of receipt. Columbus shall have the right to charge Piedmont as overhead the total Cordex overhead multiplied by that proportional share of Cordex’s total exploration expenditures represented by the Dutch Flat Project for the previous quarter, showing how this charge was computed.
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract year, White Bear shall prepare a Work Plan and Budget (“Plan”) setting forth the description and amount of White Bear’s proposed expenditures. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, White Bear, as Operator during the earn-in period, shall have the final say regarding the Plan. White Bear may charge an overhead fee of ten percent (10%) on all expenditures except the claim maintenance fees described in Section 1.4 below. White Bear may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Service Agreement attached hereto as Exhibit D.
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract Year, Queensgate shall prepare a Work Plan and Budget (“Plan”) setting forth the description and amount of Queensgate’s proposed Exploration Expenditures. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, Queensgate, as Operator during the earn-in period, shall have the final say regarding the Plan. Queensgate may charge a management fee of ten percent (10%) on all Exploration Expenditures, except the federal annual mining claim maintenance fees and the county Affidavits and Notices of Intent to Hold paid pursuant to Section 1.5 below, lease payments paid pursuant to Section 1.6 below and costs paid to outside contractors). Queensgate may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Service Agreement attached hereto as Exhibit D. If Queensgate fails to propose a budget within three (3) months following the beginning of a contract Year, Miranda shall have the right, but not the obligation, to propose its own work plan and budget. If Queensgate fails to participate in the plan, Miranda may elect to become operator, and Queensgate’s interest shall be diluted in accordance with Section 3 below.
Sample 1

Related to Funding of Exploration Activities

  • Time Off for Union Activities The employer agrees to grant the necessary time off, without discrimination or loss of seniority rights and without pay, to any employee designated by the Union to attend a labor convention provided that there is two-week notice of any union convention. Due consideration shall be given to the number of personnel affected in order that there shall be no disruptions of employer's operations due to lack of available employees.

  • Association Activities The parties agree employees shall have the right to form, join, and participate in the lawful activities of the Association for the purpose of representation in matters of employment relations. No employee shall be interfered with, restrained, coerced, or discriminated against because of the exercise of such rights.

  • Regulated Activities The Company shall not itself, nor shall it cause, permit or allow the Bank or any other of its Subsidiaries to (i) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on the Company, the Bank and/or such of its Subsidiaries or (ii) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • LIMITED ACTIVITIES Except for activities in connection with the Offering, the Formation Transactions or in the ordinary course of business, the Operating Partnership and the Operating Partnership Subsidiaries have not engaged in any material business or incurred any material obligations.

  • Commercialization Plan (a) Not later than three [***] after submission of Regulatory Filings for each Product in each country of the Territory, Licensee will provide to the JCC for review its initial Commercialization Plan for each Product for each country in the Territory. Such initial Commercialization Plan will describe Licensee’s plans for activities to be conducted for such Product for such country. Each Commercialization Plan shall include the details of obligations to be performed by Licensee to achieve the specific activities that are applicable to the stage of [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Commercialization (e.g., pre-launch, launch planning, launch, or post-launch) of the applicable Product during the time period covered by such Commercialization Plan and subsequent time periods. (b) Prior to the First Commercial Sale for such Product in such country, Licensee will provide to the JCC for review an updated Commercialization Plan for such Product for such country. Such updated Commercialization Plan will include, but not be limited to, Licensee’s updated plans for activities to be conducted for such Product for such country prior to launch as well as activities to be conducted in connection with such launch. (c) Promptly after each anniversary of the First Commercial Sale of such Product during the Term, Licensee will provide to the JCC for review updated Commercialization Plans for such Product for such country. Such further updated Commercialization Plan will include, but not be limited to, Licensee’s plans for Commercialization activities for such Product and such country for the twelve (12) month period following the date of delivery of such Commercialization Plan. No Commercialization Plan may be implemented by Licensee if [***]. Each Commercialization Plan shall be consistent with and shall not contradict the terms of this Agreement [***], and in the event of any inconsistency between the Commercialization Plan and this Agreement, the terms of this Agreement shall prevail. Notwithstanding the foregoing, if a [***], Licensee shall [***] and shall promptly [***].

  • Leave for Union Activities Upon request by the Union, leave without pay will be granted to any employee duly authorized to represent employees of this bargaining unit at: a) Executive, Council meetings or Conventions of the Union and Labour Education Seminars. A written request for such leave shall be submitted at least twenty (20) days in advance. Such leave shall be limited to a total of four (4) employees at any one time, and to a maximum aggregate total of four hundred and fifty (450) working hours in any calendar year. The maximum leave for any individual Union official shall not exceed sixty (60) hours and one hundred (100) working hours for an Executive Officer. The Company will consider reasonable requests from the Union to increase the individual and/or aggregate maximum. Such leave shall not constitute a break in continuity of service in seniority, severance pay, or other benefits under this Agreement. b) In order to attend the CEP National Convention every other year (or every third year) up to four (4) employees will be released and the maximum aggregate total of working hours may be increased by an additional one hundred thirty (130) working hours, exclusive of the individual limits in above to attend the CEP National Convention. The Company will be advised of the convention dates as far in advance as possible. A written request for such leave will be submitted to the Company at least sixty (60) days in advance. c) It is understood that operational requirements may prevent the release of particular employee(s) under this Article and in such case the Local Union shall be allowed to name the alternate(s), however such requests for leave will not be unreasonably denied. d) An employee on unpaid Union leave under this Article shall be compensated at his/her regular rate for the leave by the Company. The Company will then invoice the Union for reimbursement of such compensation which shall be paid by the Union within fifteen (15) days of the date of the invoice. e) In addition, up to one (1) employee may accept a full-time elective position with the Union or an official labour body for a period not exceeding two (2) years. Any additional yearly periods may be granted at the Company’s discretion upon receipt of a written request from the employee and the President of the Union. The Company may hire temporary employees to fill the vacancies created by such leave of absence. During the employee’s leave and subject to the limitations of the various benefit plans, the employee may continue to participate provided the employee prepays all premiums and contributions. During such leave the employee shall not accumulate seniority for the purpose of annual leave credits and severance pay.

  • Services to Other Clients; Certain Affiliated Activities (a) The relationship between the Asset Manager and the Series is as described in this Agreement and nothing in this Agreement, none of the services to be provided pursuant to this Agreement, nor any other matter, shall oblige the Asset Manager to accept responsibilities that are more extensive than those set forth in this Agreement. (b) The Asset Manager’s services to the Series are not exclusive. The Asset Manager may engage in other activities on behalf of itself, any other Managing Party and other clients (which, for the avoidance of doubt, may include other series of the Company). The Series acknowledges and agrees that the Asset Manager may, without prior notice to the Series, give advice to such other clients. The Asset Manager shall not be liable to account to the Series for any profits, commission or remuneration made or received in respect of transactions effected pursuant to the Asset Manager’s advice to another client and nor will the Asset Manager’s fees be abated as a result.

  • Professional Development Fund Article 20

  • Scope of Activities Transmission planning activities will be coordinated in accordance with the Amended and Restated Northeast ISO/RTO Planning Coordination Protocol (“Protocol”), between and among PJM Interconnection, L.L.C., the New York Independent System Operator, Inc. and ISO New England Inc., effective as of December 12, 2004 as amended on July 10, 2013.

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