Proper Operations Clause Samples

Proper Operations. Ores, concentrates and mined or produced sub-products from the Project Area can be mixed with ores, concentrates or sub-products of similar composition mined or produced from other properties. All requirements for the Net Smelter Return estimate, including without limit, the amount of metal content in ores, concentrates or mined or produced sub-products from the Project Area, and the amount of mineral content in or recovered from mixtures of ores, solutions, concentrates or sub-products, shall be conducted by the Payer under proper engineering, metallurgical and accounting costs policies. All matters related to the Net Smelter Return shall be subject to an audit or revision procedure on account of the Creditor, at reasonable intervals and at reasonable times during working hours, carried out by certified public accountants and registered engineers or employees hired by the Creditor.