Government Funding Sources Sample Clauses

Government Funding Sources. Table C.6.2 lists funds available from Government sources. The State returns a portion of the collected Royalties and Taxes (in the form of Special Support Grants and Tax Credits) to the New Ireland Provincial Government and the local level government on Lihir. The local level government obtains further funds from equity (share ownership) in LGL. The items in Table C.6.2 below are those which directly flow to Lihir. There are other benefits flowing to New Ireland Provincial Government in addition to these. The items listed in Table C.6.2 depended on the financial performance of LGL. As such the value of these items is set by achieved production and by the stock price and dividend payments associated with company operations. Continued successful operation or improvement in operation would maintain the SSG, Royalties and Dividends at close to current levels. Equity will depend on external market fluctuations and valuations. These revenue sources will effectively cease on cessation of production. The revenue sources would also cease on the Balance Date Closure date. Lihir Management Company Limited December 31, 2004 Lihir Gold Mine — Mine Closure Plan Update 2004 Table C.6.2 State Funding Commitments Which Impact Lihir Island Directly THEORETICAL VALUE ITEM BENEFICIARY SOURCE KINA MILLION COMMENT New Ireland Provincial State of PNG 1996-2001 12 Only 71% of Special Government based on 1% of 2002-Closure 87 agreed amount Support Grant Nimamar Development value of mine 1996-2001 4 has been paid Authority production 2002-Closure 37 by State Equity in Lihir Lihir Land Owners Share Purchase • Currently 6.8% Market share in Lihir. capitalisation • Option to increase currently K3 this to 15% billion Special Mining lease land Set at 2% of 1996-2001 46 Paid in Full by Owners 20% Production LMC. Nimamar Development 2002-Closure 248 Royalties Authority 30% Provincial Government 50% Tax Credits New Ireland Provincial Claim from PNG Total value K5 million Government Government per year during pit Possible post operation. K2 million 2007 per year during stockpile processing.
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Related to Government Funding Sources

  • Government Funding No government funding, facilities or resources of a university, college, other educational institution or research center or funding from third parties was used in the development of the Company’s Proprietary Assets and no governmental entity, university, college, other educational institution or research center has any claim or right in or to the Company’s Proprietary Assets.

  • No Government Funding No funding, facilities, resources or personnel of any Governmental Entity or any university, college, other educational institution, multi-national, bi-national or international organization or research center was used in connection with the development or creation, in whole or in part, of any Company Owned Intellectual Property or Company Technology.

  • U.S. Government List Matching Services (A) BNYM will compare Appropriate List Matching Data (as defined in subsection (C) below) contained in BNYM databases which are maintained for the Fund pursuant to this Agreement (“Fund Data”) to “U.S. Government Lists”, which is hereby defined to mean the following:

  • Government Accounts Accounts that are the obligation of an Account Debtor that is the United States government or a political subdivision thereof, or any state, county or municipality or department, agency or instrumentality thereof unless Agent, in its sole discretion, has agreed to the contrary in writing, or the applicable Credit Party has complied with respect to such obligation with the Federal Assignment of Claims Act of 1940, or any applicable state, county or municipal law restricting the assignment thereof with respect to such obligation;

  • Government Consent No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority is required on the part of the Borrower to authorize, or is required in connection with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, the Loan Documents.

  • Government Action Any government authority takes action that the Bank believes materially adversely affects the Borrower's (or any guarantor's) financial condition or ability to repay.

  • Government Obligations 4 Holder..........................................................................................

  • Indemnity for Government Securities The Issuer shall pay and shall indemnify the Trustee and the Paying Agent against any tax, fee or other charge imposed on or assessed against deposited Government Securities or the principal, premium, if any, interest, if any, and Additional Amounts, if any, received on such Government Securities.

  • Indemnity for Government Obligations The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations.

  • Indemnity for U.S. Government Obligations The Issuer shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations.

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