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 sixty (60) days notice of termination to the other Participant.
Appears in 2 contracts
Samples: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for twelve (12) months 180 days after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business by giving sixty (60) 30 days notice of termination to the other Participant.
Appears in 1 contract
Samples: Mine Development and Operating Agreement (Apollo Gold Corp)
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 any Participant may elect to terminate the Business by giving sixty fifteen (6015) days notice of termination to the other ParticipantParticipants.
Appears in 1 contract
Samples: Exploration, Development and Mine Operating Agreement (Hecla Mining Co/De/)
Termination by Deadlock. If the Management Committee fails to adopt a Program and Budget for within twelve (12) months after the expiration of the latest adopted Program and Budget, either Participant may elect to terminate the Business by giving sixty (60) days notice of termination to the other Participant.
Appears in 1 contract
Samples: Exploration, Development and Mine Operating Agreement (Canyon Resources Corp)
