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 Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs shall be as follows: (A) the expense of maintaining and operating Field Offices, less any revenue therefrom; and (B) that portion of maintaining and operating the Supervision Offices which is equal to (1) the anticipated total operating expenses of the Supervision Offices divided by (2) the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by (3) the actual total time spent on the Mining Operations by the Employee expressed in man days. (ii) Without limiting generality, the anticipated total operating expenses of the Supervision Offices shall include: (A) the salaries and wages of the Operator's Personnel which have been directly charged to the Supervision Offices; (B) the Reasonable Expense of the Personnel; and

Appears in 4 contracts

Samples: Property Option Agreement (Revelstoke Industries, Inc.), Joint Venture Agreement (Baymont Corp), Joint Venture Agreement (Delbrook Corp)

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Office Maintenance. (i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such Office maintenance costs shall be as follows: (A) the expense of maintaining and operating Field Offices, less any revenue therefrom; and (B) that portion of maintaining and operating the Supervision Offices which is equal to (1) the anticipated total operating expenses of the Supervision Offices divided by (2) the anticipated total staff man man-days for the Employees whether in connection with the Mining Operations or not; not multiplied by (3) the actual total time spent on the Mining Operations by the Employee expressed in man man-days. (ii) Without limiting generalitythe generality of the foregoing, the anticipated total operating expenses of the Supervision Offices shall include: (A) the salaries and wages of the Operator's Personnel which have been directly charged to the Supervision Officesthose offices; (B) the Reasonable Expense Expenses of the Personnel; and

Appears in 4 contracts

Samples: Earn in Agreement (Canyon Copper Corp.), Option Agreement (Pengram Corp), Option Agreement

Office Maintenance. (i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint JV Account for such maintenance costs shall be as follows: (A) A. the expense of maintaining and operating Field Offices, less any revenue therefrom; and (B) B. that portion of maintaining and operating the Supervision Offices which is equal to (1) . the anticipated total operating expenses of the Supervision Offices divided by (2) . the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by (3) . the actual total time spent on the Mining Operations by the Employee expressed in man days. (ii) Without limiting generality, the anticipated total operating expenses of the Supervision Offices shall include: (A) A. the salaries and wages of the Operator's Personnel which have been directly charged to the Supervision Offices; (B) B. the Reasonable Expense of the Personnel; and

Appears in 1 contract

Samples: Mining Option Agreement (All American Gold Corp.)

Office Maintenance. (i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs shall will be as follows: (A) A. the expense of maintaining and operating Field Offices, less any revenue therefromthere from; and (B) B. that portion of maintaining and operating the Supervision Offices which is equal to (1) . the anticipated total operating expenses of the Supervision Offices divided by (2) . the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by (3) . the actual total time spent on the Mining Operations by the Employee expressed in man days. (ii) Without limiting the generality, the anticipated total operating expenses of the Supervision Offices shall will include: (A) A. the salaries and wages of the Operator's Manager’s Personnel which have been directly charged to the Supervision Offices; (B) B. the Reasonable Expense of the Personnel; and

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (American Uranium Corp)

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Office Maintenance. (i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs shall will be as follows: (A) the expense of maintaining and operating Field Offices, less any revenue therefromthere from; and (B) that portion of maintaining and operating the Supervision Offices which is equal to (1I) the anticipated total operating expenses of the Supervision Offices divided by (2II) the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by (3III) the actual total time spent on the Mining Operations by the Employee expressed in man days. (ii) Without limiting the generality, the anticipated total operating expenses of the Supervision Offices shall will include: (A) the salaries and wages of the Operator's Manager’s Personnel which have been directly charged to the Supervision Offices; (B) the Reasonable Expense of the Personnel; and

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Yellowcake Mining Inc.)

Office Maintenance. (i) The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs shall be as follows: (A) the expense of maintaining and operating Field Offices, less any revenue therefrom; and (B) that portion of maintaining and operating the Supervision Offices which is equal to (1) the anticipated total operating expenses of the Supervision Offices divided by (2) the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not; multiplied by (3) the actual total time spent on the Mining Operations by the Employee expressed in man days. (ii) Without limiting generalitylimitation, the anticipated total operating expenses of the Supervision Offices shall include: (A) the salaries and wages of the Operator's Personnel which have been directly charged to the Supervision Offices; (B) the Reasonable Expense of the Personnel; and

Appears in 1 contract

Samples: Mining Option Agreement (Amador Gold Corp)

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