Common use of Suspension of Mining Operations Clause in Contracts

Suspension of Mining Operations. The Manager may, at any time subsequent to the Completion Date, on at least thirty (30) days’ notice to all Participants, recommend that the Management Committee approve that the Mining Operations be suspended. The Manager’s recommendation will include a plan and budget (the “Mine Maintenance Plan”), in reasonable detail, of the activities to be performed to maintain the Assets and Property during the period of suspension and the Costs to be incurred. The Management Committee may, by Special Majority, at any time subsequent to the Completion Date, cause the Manager to suspend Mining Operations in accordance with the Manager’s recommendation with such changes to the Mine Maintenance Plan as the Management Committee deems necessary. The Participants will be committed to contribute their Proportionate Share of the Costs incurred in connection with the Mine Maintenance Plan. The Management Committee, by Special Majority, may cause Mining Operations to be resumed at any time.

Suspension of Mining Operations. The Manager may, at any time subsequent to the Completion Date, on at least thirty (30) days’ days notice to all Participants, recommend that the Management Committee approve that the Mining Operations be suspended. The Manager’s recommendation will include a plan and budget (in this Article XXII called the “Mine Maintenance Plan”), in reasonable detail, of the activities to be performed to maintain the Assets and Property during the period of suspension and the Costs to be incurred. The Management Committee may, by Special Majority, at any time subsequent to the Completion Date, cause the Manager to suspend Mining Operations in accordance with the Manager’s recommendation with such changes to the Mine Maintenance Plan as the Management Committee deems necessary. The Participants will be committed to contribute their Proportionate Share of the Costs incurred in connection with the Mine Maintenance Plan. The Management Committee, by Special Majority, may cause Mining Operations to be resumed at any time.