Common use of Operational Matters Clause in Contracts

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, its Subsidiaries and its material joint ventures, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and Liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on Richmont: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, its Subsidiaries and its material joint venturesRichmont or any of the Richmont Subsidiaries, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion Richmont or any of its the Richmont Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on the Company or as disclosed in the Company Disclosure Letter: (ia) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, its Subsidiaries and its material joint venturesthe Company or any of the Company Subsidiaries, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for to the date hereof; and (iib) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements Contracts to which Bullion the Company or any of its the Company Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on Triple Flag: (ia) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, its Subsidiaries and its material joint venturesTriple Flag or any of the Triple Flag Subsidiaries, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for to the date hereof; and (iib) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements Contracts to which Bullion Triple Flag or any of its the Triple Flag Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on GCC or as otherwise set forth in the GCC Public Documents: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, GCC or its Subsidiaries and its material joint ventures, have has been: (A) duly paid; (B) duly performed; or (C) provided for prior for to the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts Contracts and agreements to which Bullion GCC or any of its Subsidiaries or material joint ventures is are directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Company Material Adverse Effect: (ia) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullionthe Company, its Subsidiaries and its material joint ventures, have been: (Ai) duly paid; (Bii) duly performed; or (Ciii) provided for prior for the date hereof; and (iib) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion the Company or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on CNM or as otherwise set forth in the CNM Public Documents: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, CNM or its Subsidiaries and its material joint ventures, have has been: (A) duly paid; (B) duly performed; or (C) provided for prior for to the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts Contracts and agreements to which Bullion CNM or any of its Subsidiaries or material joint ventures is are directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Material Adverse EffectEffect on Carlisle: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of Bullion, Carlisle and any of its Subsidiaries and its material joint ventures, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion Carlisle or any of its Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Red Back Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of BullionRed Back, its Subsidiaries and its material joint ventures, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion Red Back or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a Bullion Kinross Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of BullionKinross, its Subsidiaries and its material joint ventures, have been: (Ai) duly paid; (Bii) duly performed; or (Ciii) provided for prior for the date hereof; and (ii) all costs, expenses, and Liabilities liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which Bullion Kinross or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.