Review of Exploration Work Program Sample Clauses

Review of Exploration Work Program. 7.3.1 During the Exploration Phase commencing from the issuance of the Business License, the Joint Venture Company shall from time to time review past and present exploration and project assessment activities to determine whether further exploration or other investments are justified and shall timely revoke the exploration licenses to the exploration areas it decides to give up. 7.3.2 If in its absolute discretion Party B determines that further exploration investments are not justified, then Party B shall inform Party A that Party B does not wish to continue with the Exploration Work Program and other assessment activities and that it intends to dispose of its interest in the Joint Venture Company (“Disposal Notice”). From the date of the Disposal Notice Party B shall be relieved of any obligation to make further contributions to support the Exploration Work Programme, and the Joint Venture Company shall cease its exploration activities and expenditure of exploration funds pursuant to the Exploration Licenses. 7.3.3 Commencing from the date of the Disposal Notice Party B shall have the lesser of 180 days or the period until the Exploration Licenses expire (“Disposal Period”) in which Party B may find a third party buyer for its interest in the Joint Venture Company. If Party B cannot find a buyer during the Disposal Period then it shall, subject to consent of Party A, transfer all of its interest in the Joint Venture Company to a designated party of Party A at no consideration, but such party shall be responsible for all taxes and charges payable in connection with the transfer. 7.3.4 If Party B locates a third party buyer during the Disposal Period, Party A has ninety (90) days commencing from the end of the Disposal Period within which Party A may offer to buy Party B’s interest in United States Dollars on terms not less favourable than those offered by the third party buyer (“Disposal Offer”). 7.3.5 If Party A does not offer to buy Party B’s interest in the Joint Venture Company in accordance with Article 7.3.4 then Party B may sell its interest to the third party buyer identified in the Disposal Offer at the same price and on the same terms and conditions as those set out in the Disposal Offer. Such third party buyer shall become a party to this Contract and will assume the obligations and responsibilities of Party B under this Contract. Party A shall give its consent in writing to the disposal which should be submitted to the Approval Authority for a...
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Related to Review of Exploration Work Program

  • Work Progress The Developer and Connecting Transmission Owner will keep each other, and NYISO, advised periodically as to the progress of their respective design, procurement and construction efforts. Any Party may, at any time, request a progress report from the Developer or Connecting Transmission Owner. If, at any time, the Developer determines that the completion of the Connecting Transmission Owner’s Attachment Facilities will not be required until after the specified In-Service Date, the Developer will provide written notice to the Connecting Transmission Owner and NYISO of such later date upon which the completion of the Connecting Transmission Owner’s Attachment Facilities will be required.

  • Work Plan Coordinate a work plan including a list of the proposed meetings and coordination activities, and related tasks to be performed, a schedule and an estimate. The work plan must satisfy the requirements of the project and must be approved by the State prior to commencing work.

  • Project Work Plan The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from PEI and the Grantee.

  • Modified Work Program The Employer shall provide modified work for any employee injured on the job as per the requirements of the Workers’ Safety and Insurance Board. The employee must co-operate in developing and participating in, a modified work program suited to his capabilities, and with the approval of his physician and/or the WSIB. Both the Employer and the employee shall work together to return the employee to good health and his regular duties.

  • Work Plans Tenant shall prepare and submit to Landlord for approval schematics covering the Tenant Improvements prepared in conformity with the applicable provisions of this Work Letter (the “Draft Schematic Plans”). The Draft Schematic Plans shall contain sufficient information and detail to accurately describe the proposed design to Landlord and such other information as Landlord may reasonably request. Landlord shall notify Tenant in writing within ten (10) business days after receipt of the Draft Schematic Plans whether Landlord approves or objects to the Draft Schematic Plans and of the manner, if any, in which the Draft Schematic Plans are unacceptable. Landlord’s failure to respond within such ten (10) business day period shall be deemed approval by Landlord. If Landlord reasonably objects to the Draft Schematic Plans, then Tenant shall revise the Draft Schematic Plans and cause Landlord’s objections to be remedied in the revised Draft Schematic Plans. Tenant shall then resubmit the revised Draft Schematic Plans to Landlord for approval, such approval not to be unreasonably withheld, conditioned or delayed. Landlord’s approval of or objection to revised Draft Schematic Plans and Tenant’s correction of the same shall be in accordance with this Section until Landlord has approved the Draft Schematic Plans in writing or been deemed to have approved them. The iteration of the Draft Schematic Plans that is approved or deemed approved by Landlord without objection shall be referred to herein as the “Approved Schematic Plans.”

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Staffing Plan The Board and the Association agree that optimum class size is an important aspect of the effective educational program. The Polk County School Staffing Plan shall be constructed each year according to the procedures set forth in Board Policy and, upon adoption, shall become Board Policy.

  • Training Plan 19.6.1 An apprentice shall be a party to an individual Training Plan. 19.6.2 The Training Plan sets out the training that the apprentice will do both on – the – job and off – the – job. The Training Plan also sets out how the Registered Training Organisation (RTO) will ensure the apprentice will receive quality training – both on – the – job and off – the – job. 19.6.3 The Training Plan reflects the choices made by the employer and the apprentice in relation to:-

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Operating Plan To Agent and Lenders, as soon as available, but not later than thirty (30) days after the end of each Fiscal Year, an annual combined operating plan (the "Operating Plan") for Parent and its Subsidiaries, approved by the Board of Directors of Parent, for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based, (ii) includes projected monthly income statement, balance sheets and source and use of funds for the following year and (iii) Borrowing Availability projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management's good faith estimates of future financial performance based on historical performance), and including plans for personnel, Capital Expenditures and facilities.

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