Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement by giving notice of termination to the other Participant.
Appears in 4 contracts
Samples: Mining Venture Agreement (Teryl Resources Corp), Mining Venture Agreement (Crested Corp), Mining Venture Agreement (Us Energy Corp)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 twelve (12) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement the Business by giving thirty (30) days notice of termination to the other Participant.
Appears in 4 contracts
Samples: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 months after the expiration of the latest adopted Program and Budget, either any Participant may elect to terminate this Agreement by giving notice of termination to the other ParticipantParticipants.
Appears in 2 contracts
Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement the Business by giving 90 days notice of termination to the other Participant.
Appears in 1 contract
Samples: Exploration, Development and Mine Operating Agreement (Midway Gold Corp)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 six (6) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement by giving notice of termination to the other Participant.
Appears in 1 contract
Samples: Mining Earn in and Joint Venture Agreement (Pan American Lithium Corp)
Termination by Deadlock. If the Management Committee fails to adopt a proposed Program and Budget for 12 months after by the expiration beginning of the latest adopted period to which it would apply, any Participant may notify the others that it intends to terminate this Agreement if a Program and BudgetBudget is not adopted within 30 days of the date of such notice. If a Program and Budget is not adopted within such period, either a Participant may elect to terminate this Agreement by giving notice of termination to the other Participantothers.
Appears in 1 contract
Samples: Option Agreement (Radius Gold Inc.)
Termination by Deadlock. If the Management Committee fails to adopt a proposed Program and Budget for 12 months after by the expiration beginning of the latest adopted period to which it would apply and the non-operator does not propose a Program pursuant to section 7.03, either Participant may notify the other that it intends to terminate this Agreement if a Program and BudgetBudget is not adopted within 30 days of the date of such notice. If a Program and Budget is not adopted within such period, either a Participant may elect to terminate this Agreement by giving notice of termination to the other Participantother.
Appears in 1 contract
Samples: Joint Venture Agreement (Fronteer Development Group Inc)
Termination by Deadlock. If the Management Committee fails to adopt a proposed Program and Budget for 12 months after by the expiration beginning of the latest adopted period to which it would apply, either Participant may notify the other that it intends to terminate this Agreement if a Program and BudgetBudget is not adopted within 30 days of the date of such notice. If a Program and Budget is not adopted within such period, either a Participant may elect to terminate this Agreement by giving notice of termination to the other Participantother.
Appears in 1 contract
Samples: Subscription & Option Agreement (Fronteer Development Group)
Termination by Deadlock. If the Management Committee fails or refuses ----------------------- to adopt a Program and Budget for 12 three months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement by giving notice of termination to the other Participant.
Appears in 1 contract
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for 12 six (6) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate this Agreement the Business by giving thirty (30) days notice of termination to the other Participant.
Appears in 1 contract
Samples: Exploration, Development and Mine Operating Agreement (Royal Gold Inc /De/)
