Mine Maintenance Plan Sample Clauses

Mine Maintenance Plan. In addition to the rights of the Participants under section 8.7, the Manager may, at any time subsequent to the commencement of Commercial Production, on at least 30 days notice to all Participants, recommend that the Management Committee approve the suspension of Mining Operations. In considering whether to make such a recommendation, the Manager will take into account good and reasonable mining, environmental and commercial reasons for making the recommendations but will not make a recommendation on the basis of matters particular to the party acting as Manager. The Manager's recommendation will include a Program and Budget (the "Mine Maintenance Plan"), in reasonable detail, of the activities to be performed to maintain the Assets during the period of suspension and the Expenditures to be incurred. The Management Committee may: (a) if the Mine Maintenance Plan provides for a suspension of 180 days or less, then by simple majority; or (b) if the Mine Maintenance Plan provides for a suspension of more than 180 days, then by unanimous approval, approve the Mine Maintenance Plan with such changes as the Management Committee deems necessary. If the Management Committee approves the Mine Maintenance Plan, with or without modifications, then the Participants will be committed to pay their proportionate share of Expenditures incurred in connection with the Mine Maintenance Plan based on their then Participating Interest. The Manager will call a meeting of the Management Committee upon the reasons for the suspension of Mining Operations ceasing to have effect and, in any event, within 90 days of approval of the Mine Maintenance Plan. The Management Committee may cause Mining Operations to be resumed at any time (for greater certainty, by unanimous approval if the suspension has lasted for more than 180 days) and will take all reasonable steps to cause Mining Operations to be resumed upon the reasons for the suspension of Mining Operations ceasing to have effect.

Mine Maintenance Plan. The Operator may, at any time subsequent to the Completion Date, on at least 60 calendar days' prior written notice to all Participants, recommend that the Management Committee approve that Mining Operations be suspended. The Operator's recommendation shall include a plan and budget (in this Article called the "Mine Maintenance Plan"), in reasonable detail, of the activities to be performed to maintain the Assets and Property during the period of suspension and the Costs to be incurred. The Management Committee may, at any time subsequent to the Completion Date, cause the Operator to suspend Mining Operations in accordance with the Operator's recommendation with such changes to the Mine Maintenance Plan as the Management Committee deems necessary. The Participants shall be committed to contribute their Proportionate Share of the Costs incurred in connection with the Mine Maintenance Plan. The Management Committee may cause Mining Operations to be resumed at any time.

Mine Maintenance Plan. The Operator may, at any time subsequent to the Completion Date, call a meeting to consider the suspension of the Mining Operation. For the purposes of the meeting, the Operator must propose a program (“Mine Maintenance Plan”) which must set out, in reasonable detail, the activities to be performed to maintain the Joint Venture Property during the period of suspension and the Expenditure to be incurred. If the Mining Operations are so suspended then the Management Committee, may at any subsequent time direct that the operation of the Mining Operation is to be resumed.