Review of Operations. Each Lender may, so long as any amount is outstanding under the Note issued to it, directly or through its representatives, review, during normal business hours and upon reasonable notice to Borrower, the premises and books and records of Borrower to the extent it deems necessary or advisable to familiarize itself with such premises and other matters; such review, and the reviews made by such Lender or its representatives prior to the date of this Agreement, shall not, however, affect the representations and warranties made by Borrower in this Agreement or the remedies of such Lender for breaches of those representations and warranties.
Review of Operations. The Agent shall have completed a review of the operations of the Loan Parties (including, without limitation, an on-site review of the financial statements, financial reporting and computer systems and inventory, receivables, and equipment by the Agent), each in scope, and with results, satisfactory to the Agent; without limiting the generality of the foregoing, the Agent shall have been given such access to the management, records, books of account, schedules, projections, contracts and properties of each Loan Party as it shall have requested.
Review of Operations. At least quarterly, meet or confer with Lender to fully review Borrower's operations, budgets and strategic plans, to provide Lender with advance notice (i) if, in any given fiscal year, legal fees of the Borrower expected to exceed $500,000.00, (ii) the occurrence of any event involving the Borrower, which has occurred outside of the Borrower's ordinary course of business, including, by way of example and not limitation, any extraordinary or material events.
Review of Operations. Attached hereto and marked as Appendix "A" to this Agreement is a listing of phone numbers and contact persons for the assistance of the operation of this Agreement. APPENDIX “A” TO SCHEDULE “A” TO OPERATING AGREEMENT CONTACT PERSONS AND PHONE NUMBERS Evolugen(brookfield) (National System Control Center) Direct lines Operator NSCC 24h xxxx-xxxx00@xxxxxxxx.xxx 819 561-8707 819-712-3487 Emergency only (NSCC) 000-000-0000 Outage coordinator 🖳 XxxXxxxxxXxxxxxx@xxxxxxxxxxxxxxxxxxx.xxx 819 561-8701 819-230-0279 Hydro Pontiac services inc Manager Xxx Xxxxxxxxxxxx xxx.xxxxxxxxxxxx@xxxxxxxx.xxx 819-689-5226 ext. 00 000-000-0000 Senior Manager Quebec Operations Xxxx Xxxxxx xxxx.xxxxxx@xxxxxxxx.xxx 000-000-0000 xxx 0000 000-000-0000 Director Canadian Operations Xxxx-Xxxxxxxxx Xxxxxx xxxxXxxxxxxxx.xxxxxx@xxxxxxxx.xxx 000-000-0000 xxx 0000 000-000-0000 Waltham Generating Station 00 xxx Xxxxx X.X. 000 Xxxxxxx, Xxxxxx J0X 3H0 Waltham LP should provide protection systems to cover the following conditions:
I. Internal faults to provide adequate protections to detect and isolate generator and station faults (details are not covered in thisguide).
Review of Operations. The Agent shall permit the Lender and insurer to conduct on-site evaluations of the performance of any or all management services which the Agent has agreed to provide as required by this Agreement. An authorized representative of the Agent shall be available during on-site evaluations. The Lender shall render to the Owner and the Agent written reports based on such evaluations. The Agent shall correct any deficiencies noted in these evaluations within 30 days of the receipt of the report from the Lender. In the event that such correction cannot be made within 30 days, the Agent shall provide the Lender with a written plan of such correction, including a timetable of proposed actions.
Review of Operations. The Group’s turnover and net profit continued to record satisfactory growth, though the operating environment in year 2003 was characterized by declining zirconium chemical prices. Consolidated turnover of the Group for the year ended 31 December 2003 amounted to approximately RMB300 million, representing a year-on-year growth of 12%, and profit before tax amounted to approximately RMB77 million, a growth of 6% as compared to the previous year. For the period from 1999 to 2003, the Group achieved an impressive compound annual growth rate (CAGR) of 42% in turnover and 39% in earnings before interest and tax (EBIT). Such sustainable increase is mainly attributable to the accreditation of “Qualification Certification for Wastewater Treatment Facilities in Taihu Lake Basin in Jiangsu Province” granted to the Group in 1998. Having achieved such environmental protection requirements at the state level, the Group leveraged on the opportunity to carry out mass production of zirconium chemicals, so as to enjoy continual growth over the years and benefit from the economies of scale. Turnover (1999-2003) EBIT(1999-2003) 267,310 229,263 166,093 73,971 RMB’000 350,000 300,000 250,000 200,000 150,000 100000 50,000 RMB’000 90,000 73,052 76,513 56,761 40,654 20,692 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 TURNOVER ANALYSIS The Group is a leading rare metal chemical products manufacturer with turnover primarily from zirconium chemicals. For the year ended 31 December 2003, the manufacture and sale of zirconium chemicals accounted for 97% of the Group’s total turnover. As a result of product mix enhancement, turnover of zirconium oxychloride, a low end zirconium chemical product, declined from 44% in 2002 to 39% in 2003, while zirconium oxides increased from 25% in 2002 to 28% in 2003. We believe that by enhancing our product structure, the profitability of the Group will be enhanced in the long run. Management Discussion and Analysis (cont’d) TURNOVER ANALYSIS (Cont’d) The Board is pleased to see that in addition to its strong foothold in the zirconium chemicals market, the Group has gradually moved forward to another rare metal chemical products, and opened up new revenue streams in new energy materials and ceramics, forming a strengthened and more diversified revenue base that is beneficial to the Group’s long-term development. The two businesses, which commenced in June and September 2003 respectively, accounted for approximately 3% of the Group’s total...
Review of Operations. 27 5.2 Confidentiality........................................27 5.3 Conduct of Business....................................28 5.4 Supplements to Schedules...............................30 5.5 Authorization and Reservation of Common Stock..........30 5.6 Expansion of Board of Directors; Observer..............31 5.7 Publicity..............................................31 5.8 Expenses...............................................31 5.9 Cooperation............................................31
Review of Operations. This is our third full year of operations, and the numbers speak for themselves. Revenue grew 109% to $12.8 million while net profit after tax grew 315% to $553,000. As such, we are proud to comment on the terrific financial results that the T3 Team has generated. We have pursued two strategies. One is to continue to focus on the small to medium businesses (SMB), selling voice and data services, and the second, through T3 Wireless a retail strategy selling primarily to consumers. SMB market is currently affected by price pressure, uncertainty over the Telstra sale, substitution effect from mobiles and new technologies, like voice over the internet (VoIP). T3 is differentiated by its rewards program and its exceptional service. In addition, we are investing in new technologies, primarity VoIP to have a high quality product that meets and exceed SMB requirements. This will ensure future growth. Retail strategy is driven by T3 Wireless Broadband. Currently T3 sells this product through over 45 retail stores from major retailers including Bxxx Xxx, Dxxxx Xxxxx, The Good Guys, Digital City, Clive Anthonys and a few other IT stores. While currently it is the wireless broadband that drives the sales, we believe that T3 will have the ability to cross-sell other products to both consumers and the channels of distribution, including a VoIP solution. Our past achievements and future successes is dependant on our people. We are confident that the challenges that we are facing will continue to drive us to innovate, create efficiencies and most importantly maintain our high standard of customer service to our clients. We take this opportunity to thank the T3 Team, shareholders, customers and suppliers for their efforts in the past 12 months. In July 2005, Jxxxx Cxxxxxx Pty Ltd and Teide Pty Ltd exercise their options for 1,053 ordinary shares each at a strike price of $1 per ordinary share. In addition, 10 Class F (RPF) shares were issued to Teide Pty Ltd for $10. RPF, redeemable preference shares do not have voting rights and no assignment rights. A dividend of $3.75 per ordinary share ($75,000) was declared and paid on 14/12/2004 and a second dividend of $3.75 per ordinary share ($75,000) was declared and paid on 15/04/2005.
Review of Operations. The Management Agent shall permit MHFA to conduct on-site evaluations of the performance of management services, which the Management Agent has agreed to provide as stipulated in this Agreement. An authorized representative of the Management Agent shall be available during on- site evaluations. MHFA will render to the Owner and Management Agent written reports based on such evaluations. The Management Agent shall provide MHFA with a written plan of correction, including a timetable of proposed action.
Review of Operations. The following table summarizes Paramount’s average daily sales volumes by COU for the three months ended September 30, 2006 and June 30, 2006: Kaybob 15.6 14.0 11 Grande Prairie 13.8 14.6 (5 ) Northwest Alberta / Cameron Hills, Northwest Territories 24.3 25.6 (5 ) Northwest Territories / Northeast British Columbia 11.0 11.6 (5 ) Southern 14.8 15.1 (2 ) Northeast Alberta 1.9 2.3 (17 ) Total 81.4 83.2 (2 ) Kaybob 412 511 (19 ) Grande Prairie 699 532 31 Northwest Alberta / Cameron Hills, Northwest Territories 1,327 979 36 Northwest Territories / Northeast British Columbia 43 20 115 Southern 1,419 1,370 4 Northeast Alberta 1 11 (91 ) Total 3,901 3,423 14 Kaybob 3,022 2,850 6 Grande Prairie 2,995 2,968 1 Northwest Alberta / Cameron Hills, Northwest Territories 5,376 5,253 2 Northwest Territories / Northeast British Columbia 1,874 1,954 (4 ) Southern 3,882 3,885 - Northeast Alberta 322 387 (17 ) Total 17,471 17,297 1 Third quarter 2006 sales volumes for the Kaybob COU averaged 3,022 Boe/d; comprised of 15.6 MMcf/d of natural gas and 412 Bbl/d of crude oil and natural gas liquids. Average sales volumes were up six percent from second quarter 2006 average sales volumes of 2,850 Boe/d. Capital expenditures for the third quarter of 2006 were $42.1 million, focused mainly on drilling, completions and facilities work. During the third quarter, Paramount participated in the drilling of 17 gross (8.1 net) xxxxx, all of which were cased for potential gas production. One of these xxxxx is currently producing and the others are awaiting either wellbore completions or the installation of lease equipment and pipelines. Fourteen of the seventeen xxxxx drilled in the third quarter were in the Resthaven, Smoky, Musreau and Kakwa areas. The Kaybob COU continues to focus the majority of its investments in the Resthaven, Smoky, Musreau and Kakwa areas which all have large resource, multi-zone potential, and are areas where Paramount maintains high working interests in large contiguous land blocks. Paramount expects to continue with significant drilling, completion and construction activity for the remainder of the year as we actively manage our activities to limit land expiries in these core areas. Regulatory approvals were received near the end of the third quarter for three applications allowing for commingling of natural gas from more than one producing formation. Two of the approvals were for individual xxxxx which have resulted in incremental production of 0.7 MMcf/d net earl...
