Notice of Amendments to Plans, Schedules, Project Costs and Other Matters. If, at any time, the Operating Plan is subject to a material amendment, then, within 15 days after such amendment or amendments is or are made, the amended plan, together with the information in Sections 5.2(a), 5.2(b), 5.2(c) and 5.2(e) shall be provided by the Seller to the Purchaser. For the purposes of this Section 5.3 only, materiality shall mean (a) with respect to gold production, a 5% change in total gold production under the Operating Plan; or (b) with respect to proven and probable reserves, a reduction of more than 10% (not taking into account any reductions resulting from depletion in accordance with ordinary course operations); or (c) with respect to guidance for the next twelve (12) month period, a 10% change in production guidance.
Appears in 5 contracts
Samples: Gold Purchase and Sale Agreement (Banro Corp), Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)
Notice of Amendments to Plans, Schedules, Project Costs and Other Matters. If, at any time, the Operating Plan is subject to a material amendment, then, within 15 days after such amendment or amendments is or are made, the amended plan, together with the information in Sections 5.2(a6.3(a), 5.2(b6.3(b), 5.2(c6.3(c) and 5.2(e6.3(e) shall be provided by the Seller to the PurchaserPurchasers. For the purposes of this Section 5.3 6.4 only, materiality shall mean (a) with respect to gold production, a 5% change in total gold production under the Operating Plan; or (b) with respect to proven and probable reserves, a reduction of more than 10% (not taking into account any reductions resulting from depletion in accordance with ordinary course operations); or (c) with respect to guidance for the next twelve (12) month period, a 10% change in production guidance.
Appears in 3 contracts
Samples: Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)
Notice of Amendments to Plans, Schedules, Project Costs and Other Matters. If, at any time, the Operating Plan is subject to a material amendment, then, within 15 days after such amendment or amendments is or are made, the amended plan, together with the information in Sections 5.2(a), 5.2(b), 5.2(c) and 5.2(e) shall be provided by the Seller to the PurchaserPurchasers. For the purposes of this Section 5.3 only, materiality shall mean (a) with respect to gold production, a 5% change in total gold production under the Operating Plan; or (b) with respect to proven and probable reserves, a reduction of more than 10% (not taking into account any reductions resulting from depletion in accordance with ordinary course operations); or (c) with respect to guidance for the next twelve (12) month period, a 10% change in production guidance.
Appears in 2 contracts
Samples: Namoya Ii Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)
Notice of Amendments to Plans, Schedules, Project Costs and Other Matters. If, at any time, the Operating Plan is subject to a material amendment, then, within 15 days after such amendment or amendments is or are made, the amended plan, together with the information in Sections 5.2(a6.3(a), 5.2(b6.3(b), 5.2(c6.3(c) and 5.2(e6.3(e) shall be provided by the Seller to the Purchaser. For the purposes of this Section 5.3 6.4 only, materiality shall mean (a) with respect to gold production, a 5% change in total gold production under the Operating Plan; or (b) with respect to proven and probable reserves, a reduction of more than 10% (not taking into account any reductions resulting from depletion in accordance with ordinary course operations); or (c) with respect to guidance for the next twelve (12) month period, a 10% change in production guidance.
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