Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for twelve (12) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business by giving thirty (30) days notice of termination to the other Participant.
Appears in 4 contracts
Samples: In Agreement (Entree Gold Inc), Equity Participation (Entree Gold Inc), In Agreement (Entree Gold Inc)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for twelve (12) 12 months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business this Agreement by giving thirty (30) days 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 twelve (12) 12 months after the expiration of the latest adopted Program and Budget, either any Participant may elect to terminate the Business this Agreement by giving thirty (30) days 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 twelve six (126) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business this Agreement by giving thirty (30) days notice of termination to the other Participant.
Appears in 1 contract
Samples: 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 twelve (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 the Business this Agreement by giving thirty (30) days notice of termination to the other Participantother.
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Termination by Deadlock. If the Management Committee fails to adopt a proposed Program and Budget for twelve (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 the Business this Agreement by giving thirty (30) days 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 twelve (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 the Business this Agreement by giving thirty (30) days 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 Program and Budget for twelve (12) 12 months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business by giving thirty (30) 90 days notice of termination to the other Participant.
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Termination by Deadlock. If the Management Committee fails or refuses ----------------------- to adopt a Program and Budget for twelve (12) three months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business this Agreement by giving thirty (30) days notice of termination to the other Participant.
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