Common use of Office Maintenance Clause in Contracts

Office Maintenance. i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Offices. The basis for charging the Joint Account for Office maintenance costs shall be as follows: the expense of maintaining and operating Field Offices, less any revenue therefrom; and that portion of maintaining and operating the Supervision Offices which is equal to the anticipated total operating expenses of the Supervision Offices divided by the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by the actual total time spent on the Mining Operations by the Employee expressed in man days.

Appears in 6 contracts

Samples: Option Agreement (Farrier Resources Corp), Option Agreement (Edgemont Resources Corp), Option Agreement (Hybrook Resources Corp.)

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