Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator for a period of one year or any longer period. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management Committee. During the period encompassed by any Program and Budget, and at least three months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator and submitted to the Participants.
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Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)
Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator for a period of one year or any longer period. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management CommitteeBoard of Directors. During the period encompassed by any Program and Budget, and at least three two months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator and submitted to the Participants.Board of Directors. Each such proposed Program and Budget shall be in a form and degree of detail substantially similar to Exhibit D.
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Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator for a period of one year or any longer period. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management Committee. During the period encompassed by any Program and Budget, and at least three months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator and submitted to the Participants.. Each such proposed Program and Budget shall be in a form and degree of detail substantially similar to Exhibit E.
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