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. Pursuant to Section 3.1 the initial Participating Interests of the parties are as set forth in Section 6.1. The agreed value of each party's Initial Contribution is $16,000 and the receipt by the Venture of the Initial Contribution of each Participant is hereby acknowledged by the parties hereto.
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. AM, as its Initial Contribution, hereby contributes the Properties described in Schedules A-1 and A-2 to the purposes of this Agreement. TMC, as its Initial Contribution, shall contribute the Exploration Expenditures and payment as hereinafter set forth.
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. CCA, as its Initial Contribution, hereby contributes the Properties described in Exhibit A to the purposes of this Agreement. ICMC, as its Initial Contribution, shall contribute the Exploration Expenditures and payment as hereinafter set forth.
Participants' Initial Contributions. (a) United Nuclear as its Initial Contribution, hereby contributes its nineteen percent (19%) undivided interest in the Assets described in Exhibit A-1 to the purposes of this Agreement. The amount of $5,828,319.00 shall be credited to the United Nuclear Equity Account on the Effective Date with respect to United Nuclear’ Initial Contribution.
(b) Uranerz, as its Initial Contribution, hereby contributes its eighty-one percent (81%) undivided interest in the Assets described in Exhibit A-1 to the purposes of this Agreement together with its one hundred percent (100%) undivided interest in the Assets described in Exhibit A-2. The amount of $24,847,043.00 shall be credited to the Uranerz Equity Account on the Effective Date with respect to Uranerz’ Initial Contribution.
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) Miranda, as its Initial Contribution, hereby contributes the Assets described in Exhibit A to the purposes of this Agreement. The amount of One Million Three Hundred Thirty-Three Thousand Three Hundred and Thirty-Three and 60/100 Dollars ($1,333,333.60) shall be credited to Miranda’s Equity Account on the Effective Date with respect to Miranda’s Initial Contribution.
(b) Subject to BGEI’s right of withdrawal as set forth in Section 5.2, BGEI, as its Initial Contribution, shall:
(i) expend a total of Two Million Dollars and 40/100 Dollars ($2,000,000.40) in Qualifying Expenses to fund Operations under Subsection 5.1(c) on or before December 31, 2009 in minimum amounts scheduled as follows: On or before December 31, 2006 $300,000.00 On or before December 31, 2007 $400,000.00 On or before December 31, 2008 $600,000.00 On or before December 31, 2009 $700,000.00 Any amount expended by BGEI in excess of the amount required by a particular date shall be credited against the minimum expenditure requirement for subsequent years. If BGEI fails to expend a total of Three Hundred Thousand Dollars ($300,000.00) in Qualifying Expenses on or before December 31, 2006, BGEI shall pay the difference between that amount and the amount of Qualifying Expenses expended on or before December 31, 2006 to Miranda on or before February 28, 2007;
(ii) complete a total of 3,000 feet of drilling on the Properties on or before December 31, 2006; and
(iii) make payments to Miranda as provided in Section 5.4. Upon the completion of BGEI’s Initial Contribution, the amount of Two Million Dollars ($2,000,000.40) shall be credited to BGEI’s Equity Account.
(c) Until the later to occur of (i) BGEI completing its Initial Contribution or (ii) BGEI electing not to make or completing its Additional Earn-In, BGEI shall have the sole right to determine the nature, timing, scope, extent and method of all Operations without any obligation to hold meetings of the Management Committee, to prepare Programs and Budgets for review, comment or approval by Miranda, or to obtain the approval or consent of Miranda or the Management Committee. In conducting such Operations, BGEI shall be entitled, but shall not be obligated, to exercise any of the applicable powers of the Manager in Section 8.2, except that until the later to occur of (i) BGEI completing its Initial Contribution or (ii) BGEI electing not to make or completing its Additional Earn-In it shall not be entitled or required to perform the activi...
