Prudent Operations Clause Samples

Prudent Operations. Borrower shall prudently develop, and cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereof.

Prudent Operations. The ores (even after undergoing some type of treatment) extracted and recovered from the Properties, may be commingled with ores (even after undergoing some type of treatment) with a similar composition extracted from other mining Properties other than the Properties. All determinations required for the calculation of the Net Smelter Returns, including, without limitation, the metal grade of ores extracted from the Properties, and the metal grade or amount of metal recovered from such ores, shall be made by CHAMBARA in accordance with prudent engineering, metallurgy and cost accounting practices. <PAGE>

Prudent Operations. DOT&PF will manage the Airport System in a prudent and reasonable manner.

Prudent Operations. Subject to the provisions of this Lease, LESSEE shall test for, collect, treat, process and market the Refuse Gas and/or Constituent Products produced by the Landfill as a reasonably prudent operator. In discharging this obligation, LESSEE shall be responsible, in its sole discretion, for determining all operational plans and details (excepting the placement of ▇▇▇▇▇ and collection facilities on the Landfill) directly affecting production and processing to ensure a workable system having the greatest recovery potential; provided, however, that LESSEE shall conduct its testing program, construction activities and operations in such a manner so as not to interfere with LESSOR's use and/or maintenance of the Landfill, unless LESSOR otherwise consents. ▇▇▇▇▇▇ shall inform ▇▇▇▇▇▇ of all significant planning, design, expansion, and construction meetings concerning any Refuse Gas collection activities. ▇▇▇▇▇▇ shall invite ▇▇▇▇▇▇ to attend and provide comments concerning all Refuse Gas collection activities at the Landfill. As to placement of ▇▇▇▇▇ and collection facilities including the Refuse Gas Collection System, it is agreed that prior to testing and before installation of any equipment or operational facilities in or upon the Landfill, LESSEE shall furnish LESSOR with the Refuse Gas collection System grid-well layout and development plans attendant thereto. LESSOR shall have fifteen (15) working days from such submittal in which to review such plans and advise LESSEE of ▇▇▇▇▇▇'s approval (which shall not be unreasonably withheld) or any specific objections, silence being deemed an approval. The parties shall endeavor in good faith to resolve said objection(s) within ten (10) working days thereafter, but should the parties be unable to resolve such objection(s), ▇▇▇▇▇▇ and LESSEE shall mutually designate, within ten (10) working days thereafter, a disinterested third person arbitrator who shall, within thirty (30) days thereafter, formulate a resolution which will be binding upon LESSOR and LESSEE. It is further understood that LESSEE shall use its best efforts to procure the highest sales revenues reasonably obtainable for the Refuse Gas and/or Constituent Products produced and marketed from the Landfill. Although the implementation of a gas enhancement or stimulation program is unanticipated by the parties with respect to Refuse Gas production, it is agreed that any such enhancement type program will be undertaken only with ▇▇▇▇▇▇'s prior written consent, s...

Prudent Operations. The ores (even after undergoing some type of treatment) extracted and recovered from the PROPERTIES, may be commingled with ores (even after undergoing some type of treatment) with a similar composition extracted from other mining properties other than the PROPERTIES. All determinations required for the calculation of the Net Smelter Returns, including, without limitation, the metal grade of ores extracted from the PROPERTIES, and the metal grade or amount of metal recovered from such ores, shall be made by THE ACQUIRER in accordance with prudent engineering, metallurgy and cost accounting practices. ▇▇▇▇▇ De Melt ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ 4S1 2,200,000 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 1,580,000 ▇▇▇▇▇▇▇ Ore Lamilla ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇ 1,000,000 Quo Vadis United Ltd. Jasmine Court ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ 1,000,000 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇ 1,000,000 ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Vancouver, B.C. V6Z 2H2 1,000,000 ▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇ 1,000,000 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 1,000,000 Banjamin ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 810 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 100,000 ▇▇▇▇▇▇▇ Ore Lamilla ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 20,000 ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Yupangui 810 Malecon ▇▇▇▇▇▇▇▇ Miraflores ▇▇▇▇ ▇▇ ▇▇▇▇ 50,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 20,000 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 810 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 20,000 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lima 18 Peru 10,000 This Investor Certificate is being delivered in connection with the transactions contemplated in that certain Master Purchase Agreement (the “Agreement”) by and among Black Tusk Minerals Inc., a Nevada corporation (the “Company”), Black Tusk Minerals Peru SAC, a Peruvian corporation (“Black Tusk Peru”), and the other persons set forth on the signature pages thereto. Under the terms of the Agreement, the Undersigned will be issued common shares of the Company (the “Shares”) from time to time. The Undersigned understands that the Company is relying on this information in determining to offer securities to the undersigned in a manner exempt from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”) and applicable state securities laws. 1. The Undersigned understands and agr...

Prudent Operations. The Grantor agrees that any development, maintenance or operations on the Lands which it conducts, will be conducted and carried on with reasonable and prudent business judgment and in accordance with sound oil and gas field practices.

Prudent Operations. Except as otherwise contemplated in this Agreement or as set forth in the Company Disclosure Letter, and subject to the fiduciary duties of the Company's directors under applicable law, from the date of this Agreement to the Closing Date (except for transactions to which any Purchaser is a party or as otherwise contemplated by the terms of this Agreement), (i) prior to the filing of the Bankruptcy Case, if any, the Company shall, and shall cause its Subsidiaries to, operate their businesses consistent with prudent industry practices taking into account the Company's financial condition; and (ii) after the Bankruptcy Case has been filed, the Company shall operate its business and the business of its Subsidiaries in all material respects in compliance with the Bankruptcy Code and any orders entered by the Bankruptcy Court in the Bankruptcy Case, and shall use commercially reasonable efforts to seek and obtain approval of the Bankruptcy Court to operate such businesses consistent with prudent industry practices taking into account the Company's financial condition. To the extent consistent with the foregoing, the Company shall use commercially reasonable efforts to preserve intact its current officers and employees and preserve its relationships with customers, suppliers, licensors, licensees, distributors and others having business dealings with it, in each case consistent with prudent industry practices taking into account the Company's financial condition. Without limiting the generality of the foregoing, and except as otherwise contemplated by this Agreement or referred to in the Company Disclosure Letter, pursuant to the transactions contemplated hereby and any related agreements or as may be approved by the Purchaser Representative, the Company shall not, and shall not permit any of its Subsidiaries to: (a) (i) declare, set aside or pay any dividends on, or make any other distributions in respect of, any of its capital stock, other than dividends and distributions by any direct or indirect wholly owned Subsidiary of the Company to the Company or a wholly owned Subsidiary of the Company, (ii) split, combine or reclassify any of its capital stock or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for shares of its capital stock (except for issuances pursuant to this Agreement, the Exchange Offer and the Prepackaged Plan) or (iii) purchase, redeem or otherwise acquire any shares of capital stock of the C...

Prudent Operations. Partnership Manager, in the performance of its obligations and the exercise of its authority undertakes to use its best efforts to conduct all operations as a reasonably prudent manager.