Participants' Initial Contributions Sample Clauses

Participants' Initial Contributions. Each Participant, as its Initial Contribution, hereby contributes all its undivided right, title and interest in and to the Properties to the Business.

Participants' Initial Contributions. The Participants, as their Initial Contributions, hereby contribute their respective interests in the Properties to the purposes of this Agreement.

Participants' Initial Contributions. (a) UPC, as part of its Initial Contribution, hereby pledges to contribute 100% of its right, title and interest to be acquired in the Properties at the time of Closing after full payment of the purchase price contained in paragraph 4 as provided in the PSA. (b) The USE Parties, as its Initial Contribution, hereby contributes 100% of its right, title and interest in the Properties at the time of Closing as provided in the PSA.

Participants' Initial Contributions. The initial Participating Interests of the parties are as set forth in Section 6.1. Upon Stirrup Creek completing the expenditure contemplated by subparagraph 3.1c) the agreed value of each party's Initial Contribution will be $150,000 and the receipt by the Venture of the Initial Contribution of each Participant shall thereupon be deemed to be acknowledged by the parties hereto.

Participants' Initial Contributions. GP, as its Initial Contribution, hereby contributes the Properties to the purposes of this Agreement. The agreed value of GP's Initial Contribution shall be $ _________. Kennecott, as its Initial Contribution, shall make certain payments and contribute certain amounts for Operations on the Properties pursuant to the terms of Section 5.2 hereof. The value of Kennecott's Initial Contribution shall be $________.

Participants' Initial Contributions. (a) USI, as its Initial Contribution, hereby (i) contributes the Assets described in Exhibit A to the purposes of this Agreement, and (ii) after Sprott’s $15,000,000 contributed to fund the Improvements Program and Budget has been expended, shall contribute the next $5,000,000 for expenditures under the Improvements Program and Budget. The amount of Thirty Million Dollars ($30,000,000) shall be credited to USI’s Equity Account with respect to USI’s Initial Contribution. (b) Sprott, as its Initial Contribution, hereby contributes (i) the initial $15,000,000 required to fund the Improvements Program and Budget, and (ii) up to an additional $5,000,000 as and when required under the Initial Program and Budget. The amount of Sprott’s Initial Contribution shall be credited to Xxxxxx’x Equity Account.

Participants' Initial Contributions. ICMC, as its Initial Contribution, hereby contributes the mining claims described in Exhibit "A-1" to the purposes of this Agreement. Cyprus, as its Initial Contribution, shall contribute the mining claims described in Exhibit "A-2", the Exploration Expenditures and payments as hereinafter set forth.

Participants' Initial Contributions. (a) Txxxxxxx Creek, as its Initial Contribution, hereby contributes its 75% interest in the Assets described in Exhibit A to the purposes of this Agreement. The amount of *** shall be credited to Txxxxxxx Creek’s Equity Account on the Effective Date with respect to Txxxxxxx Creek’s Initial Contribution. (b) Nissho Iwai, as its Initial Contribution, hereby contributes its 25% interest in the Assets described in Exhibit A to the purposes of this Agreement. The amount of *** shall be credited to Nissho Iwai’s Equity Account on the Effective Date with respect to Nissho Iwai’s Initial Contribution.

Participants' Initial Contributions. (a) USPR, as its sole contribution, hereby contributes its undivided one hundred percent (100%) interest of Assets.. (b) MARIGOLD, as its initial contribution, hereby contributes THREE MILLION AND FIVE HUNDRED THOUSAND DOLLARS ($3,500,000) to be utilized exclusively in the ongoing Exploration, exploitation, Mining and development of the Concessions. Within three (3) business days of execution of this Joint Venture Agreement, MARIGOLD shall deposit $3.5 million in a joint venture bank account and provide verification of such deposit to USPR. MARIGOLD’s failure to deposit such funds shall nullify this Joint Venture Agreement. (c) In addition, Marigold will provide additional capital to discharge in full the Obligations and hereby guarantees the discharge of the Assumed Obligations. Marigold will provide documentation to USPR of all Assumed Obligation that have been discharged. (d) Continuing Obligations and

Participants' Initial Contributions. Failure to Make Initial Contribution . . . . . . . . . 10 5.3 Additional Contributions . . . 11