Funding of Operations. The funding of the Entity and the implementation of the plan shall be limited to grant revenues, gifts, or monies from any person, entity, or association. The Parties shall only be responsible for agreed upon contributions of in-kind services and staff time, unless the Party’s governing board, in its sole discretion, affirmatively elects to do otherwise.
Funding of Operations. Ca s h a dv an ces will be m a de b y t h e ow n e r i n s u c h a m o un t s an d a t s u c h t i m es a s ar e r eq u i r ed t o a deq ua t el y fun d t h e a c t ivi t ies, m a i n t e nan ce an d b u si n ess of t h e vessels a ssig n ed un de r a ge n c y a g r ee m e n t s. DI S BU RSE M E N TS All expe n ses di r ec t l y a pplic a ble t o t h e a c t ivi t ies, m a i n t e nan ce an d b u si- n ess of t h e vessels a ssig n ed un de r a ge n- c y a g r ee m e n t s s ha ll be p a id f r o m fun ds a dv an ced b y t h e ow n e r un less o t h e r - wise specific a ll y p r ovided. Wh e n p a id x x x x xx k , i n voices s ha ll r eflec t t h e nu m be r s of t h e c h ec k s b y w h ic h t h e i n- voices we r e p a id; w h e n p a id o t h e r t han x x x x xx k of x x x x ge n t a t h is p r i n cip a l office, i n voices m u s t be ar evide n ce of p ay m e n t .
Funding of Operations. USF&G agrees, subject to the provisions contained herein, to fund reasonable restoration costs at the Kingsville Dome Mine and Xxxxxx Mine as enumerated in Appendix A, attached to and by this reference incorporated in this Agreement. In no case will funding by USF&G exceed $1.25 per thousand gallons of restoration water processed through reverse osmosis filtration equipment and in no case will funding by USF&G exceed the USF&G monthly reimbursement amounts found in Appendix A. The remainder of restoration expenses shall be borne by funds provided by URI’s investor group that are specifically designated for restoration as enumerated in Appendix A. In the event URI is able to secure funds outside of USF&G, other than funds provided by URI’s investor group that are specifically designated for general and administrative costs and/or for the resumption of production operations, URI will notify the TDH and TNRCC for a determination if these funds should be used to substitute or supplement funding by USF&G. If the TDH and TNRCC determine that these funds should be used to substitute or supplement funding by USF&G and URI does not do so, TDH and TNRCC may terminate this Agreement and USF&G will not provide further funds to URI thereafter.
Funding of Operations. 18 5.3 Processing of Ores . . . . . . . . . . . . . . . . . . . . . . 19 ARTICLE 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Funding of Operations. Subject to the provisions of this Section and any election permitted by Section 10.6, each Member shall fund Adopted Programs and Budgets and all other costs which it is committed to pay under this Agreement associated with Exploration, Development, Mining, Processing and other Operations in proportion to its respective Ownership Interest. Notwithstanding the foregoing:
(a) SFPG shall contribute to the Company, pursuant to Cash Calls made in accordance with Section 8.4, the first Twelve Million Five Hundred Thousand Dollars ($12,500,000): (i) expended by Hecla consistent with the Mine Construction Program and Budget during the period commencing on June 1, 1996 and ending on the effective date of this Agreement, and (ii) required to be expended by the Company, after the effective date of this Agreement, to satisfy the Mine Completion Test, which funds shall be expended by the Manager for Mining in accordance with the Mine Construction Program and Budget.
(b) Hecla shall contribute to the Company, pursuant to Cash Calls made in accordance with Section 8.4, all funds in excess of Twelve Million Five Hundred Thousand Dollars ($12,500,000) required to be expended by the Company to satisfy the Mine Completion Test, which funds shall be expended by the Manager for Mining in accordance with the Mine Construction Program and Budget.
(c) SFPG shall contribute to the Company, pursuant to Cash Calls made in accordance with Section 8.4, the first One Million Dollars ($1,000,000) required to fund Adopted Programs and Budgets for Exploration of the Properties, including the Program
Funding of Operations. HomeFed acknowledges that upon consummation of the transaction contemplated by this Agreement, LUK shall have no obligation to fund any operations of any of the Companies.
Funding of Operations. From and after the Effective Time, NextWave shall fund the operations of the Surviving Corporation in the amount of $1.25 million per month until such time as an 18 month budget is approved by the Board of Directors of the Surviving Corporation, and thereafter in accordance with the funding requirements and timeframes set forth in such budget until the 18 month anniversary of the Closing Date. NextWave shall assume the obligations of the Company under the Bank Obligation as of the Effective Time.
Funding of Operations. (a) For so long as the Technical Committee has approved a Budget and Work Program under Section 3.1(e), the Operator shall, in respect of each three month period of an Approved Work Program, issue a notice to Non-Operator (“Funding Notice”) in respect of the projected Exploration Expenditures for that three month period. The Funding Notice shall also include the Operator’s Fee that is payable in respect of the projected Exploration Expenditures set out in the Funding Notice. The projected Exploration Expenditures shall, to the extent reasonably possible, be calculated by reference to the Approved Budget and the corresponding Approved Work Program.
(b) Notwithstanding Section 2.3(a), the first Funding Notice issued by the Operator to Non-Operator shall be in respect of the period commencing on the Effective Date and expiring at the end of the first three full calendar months after the Effective Date.
(c) Except for the first Funding Notice, each Funding Notice shall not be issued more than 60 days but not less than 40 days in advance of the three month period to which the Funding Notice relates and shall contain reasonable detail as to how the projected Exploration Expenditures for the three month period was calculated.
(d) Except where Non-Operator (acting reasonably) questions the projected Exploration Expenditures specified in the Funding Notice, Non-Operator shall remit the amount of the projected Exploration Expenditures together with the Operator’s Fee in the Funding Notice to the Operator at least 10 days prior to the commencement of the three month period to which the Funding Notice relates (less any amount of Exploration Expenditures funded by Non- Operator in respect of the preceding three month period which has not been incurred by the Operator as at the date on which Non-Operator remits the projected Exploration Expenditures in the Funding Notice, and is not expected to be incurred thereafter).
Funding of Operations. The operations of New XxXxxx Epyx shall be funded in accordance with the provisions of Section 7.4 of the Investment Agreement.
Funding of Operations. Subject to AHC receiving net proceeds from an equity financing of at least $6,000,000 upon such terms and in such amounts as the Board of Directors of AHC shall determine are in the best interests of AHC, AHC hereby covenants and agrees to provide certain funding for the operations and capital structure of AG as described herein.
(i) AHC shall provide $1,000,000 in capital to AG; provided, however, in the event that AHC successfully obtains equity financing upon terms acceptable to it on or before March 31, 2002 in an amount of at least $6,000,000 in net proceeds, then the amount of the capital infusion shall be $2,000,000; and
(ii) Such other capital requirements, up to $7,000,000 at such dates and as are outlined in the AG Budget which is annexed hereto as Exhibit H.
