Material Project Sample Clauses

Material Project. The Kibi Project is the only material project of the Corporation. None of the Other Projects are material to the Corporation or material to the business of the Corporation.
Sample 1
Material Project. The Material Project is the only material mineral property in which the Company has an interest. "Material Project" means the Pebble Project, Southwest Alaska, USA.
Sample 1
Material Project. 13.16 Member .................................................................................................................................... 13.16
Sample 1
Material Project. The Parties shall mutually agree ----------------- upon a reasonable delivery date for such Material Project, to be set forth in the Project Plan governing such Material Project (the "Delivery Date"). Such ------------- Delivery Date may be changed by mutual agreement of the Parties pursuant to an Project Plan Amendment (the "Revised Delivery Date," if any). A Material Project --------------------- shall be deemed to be Confidential treatment has been requested for portions of this document, which have been redacted, pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. EXECUTION COPY completed when it is delivered to ML and satisfies the requirements of the governing Project Plan. In the event that a Material Project is not completed by the Delivery Date, or as applicable, Revised Delivery Date, Multex shall have an initial cure period equal to fifteen (15%) of the Project Length (the "First ----- Cure Period"). During said First Cure Period, ML shall pay Multex for work to ------------ complete such Material Project at the Standard Project Rate. In the event Multex does not complete the Material Project within the First Cure Period, Multex shall have thirty (30) calendar days to complete the Material Project (the "Second Cure Period"). During the Second Cure Period, Multex shall make best ------------------ efforts to complete the Material Project and ML shall pay Multex the Actual Salary and/or Outside Consultant Cost for Employees and Outside Contractors performing work on such Material Project without any xxxx-up or overhead costs. In the event Multex does not complete the Material Project within the Second Cure Period, ML may elect one of the following and shall so notify Multex within ten (10) business days after the Second Cure Period: (a) require Multex complete the Material Project at Multex's sole expense (ML shall incur no further costs in having the projected completed) or (b) terminate the Material Project and the governing Project Plan. In the event ML elects to terminate fifteen (15%) or more of the Material Projects entered into within any twelve (12) month period for failure to complete the Material Projects within said Second Cure Period, ML shall have the right to terminate the 1999 Master Agreement. The method of calculating payments in Sections 3.8 and 3.9 shall be referred to as the ------------ --- "Standard Project Rate." ---------------------
Sample 1
Material Project. The Material Project is the only material mineral property in which the Company has an interest. For purposes herein, “Material Project” means the Company’s interest in the Buckreef Gold Project in Tanzania, Africa, which interest is held by the Company through TRX Gold Tanzania Limited, a wholly-owned Subsidiary of the Company.
Sample 1
Material Project. The Material Project is the only material mineral property in which the Company has an interest. "Material Project" means the Company's interest in the Asanko Gold Mine located in Ghana, West Africa, which is indirectly held by the Company through the Company's equity interest in Asanko Gold Ghana Limited, Shika Group Finance Limited, Asanko Gold Company (GH) Limited and Asanko Gold Exploration Limited (collectively, the "Joint Venture").
Sample 1

Related to Material Project

  • Material Project Documents (a) The Company shall at all times (i) perform and observe all of the covenants under the Material Project Documents to which it is a party and take reasonable actions to enforce all of its rights thereunder, other than to the extent the same could not reasonably be expected to have a Material Adverse Effect, (ii) subject to the provisions of clause (b) of this Section 9.8, maintain the System Leases (other than Leases constituting System Leases only pursuant to clause (5) of the definition thereof) in full force and effect, and (iii) maintain the Leases (other than the System Leases referred to in the foregoing clause (ii) of this Section 9.8(a)) to which it or any of its Subsidiaries is a party in full force and effect, except to the extent the same could not reasonably be expected to have a Material Adverse Effect. (b) If the term of a Lease with the Company or one of its Subsidiaries expires and the Qualified Lessee under such Lease has either ceased operating the related assets or has ceased paying rent as required under the applicable Lease, the Company shall, or shall cause a Subsidiary, as applicable, to enter into a supplement or a new Lease with respect to the related leasehold assets with a Qualified Lessee that provides for rent that, when combined with all other expected revenue, will, in the reasonable judgment of the Company, as of the commencement date of such supplement or new Lease, generate sufficient revenue to satisfy the requirements of Section 9.9 and will not otherwise result in a materially worse position for the Company as compared to the terms of the applicable expired Lease. Each such new Lease shall have a term of at least five years. Notwithstanding the foregoing, if (i) such expired Lease relates to transmission and/or distribution assets that are not generating significant revenue, (ii) the failure to renew such Lease would not constitute a Material Adverse Effect and (iii) the Company reasonably believes it will generate sufficient revenue and hold sufficient assets (without giving effect to the leasehold assets with respect to such Lease) to satisfy the requirements of Section 9.9, then this Section 9.8(b) will not require a supplement or new lease with respect to such leasehold assets.

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Adverse Effect Any other action, event, or condition of any nature which could result in a material adverse effect on the business, property, or financial condition of Borrower.

  • Environmental Assessments Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be material.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.