Barrick Notional Capital Account definition
Barrick Notional Capital Account means an amount for Barrick Member calculated, as of any date, as the sum of the following, without duplication: (A) $ ; (B) an amount equal to the Barrick Member’s Development Capital Expenditure Share; (C) the Contribution Value of any Excluded Development/Exploration Property contributed to Nevada JV by Barrick Member (on a 100% basis) prior to that date less any amounts paid by Newmont Member to Barrick Member in respect of such Excluded Development/Exploration Property; (D) the amount paid by Barrick Member to Newmont Member in connection with a contribution to Nevada JV by Newmont Member of an Excluded Development/Exploration Property prior to that date; and (E) any Member Contributions (excluding for clarity Default Loans) made prior to that date to cover a Funding Default by Newmont Member; LESS all Nevada JV Distributions to Barrick Member prior to that date made pursuant to Section 8.1(c).
Barrick Notional Capital Account means a notional capital account for Barrick Member calculated as the sum of: (A) $[REDACTED], (B) all Member Contributions in respect of growth capital expenditures made by the Barrick Member, (C) the Contribution Value of any Excluded Asset contributed by Barrick Member (on a 100% basis) less any amounts paid by Newmont Member to Barrick Member in respect of such Excluded Asset, (D) the amount paid by Barrick Member to Newmont Member in connection with a contribution by Newmont Member of an Excluded Asset, and (E) any Member Contributions made to cover a Funding Default by Newmont Member; LESS all Nevada JV Distributions to Barrick Member, or any portion thereof, that were funded from proceeds of the disposition of any Nevada JV Assets.
Barrick Notional Capital Account means a notional capital account for Barrick Member calculated as the sum of: (A) $[***], (B) all Member Contributions in respect of growth capital expenditures made by the Barrick Member, (C) the Contribution Value of *** Certain information is omitted pursuant to Item 601(b)(2) of Regulation S-K. Omissions are designated as [***]. The Company agrees to furnish supplementally any omitted information to the SEC upon request. any Excluded Asset contributed by Barrick Member (on a 100% basis) less any amounts paid by Newmont Member to Barrick Member in respect of such Excluded Asset, (D) the amount paid by Barrick Member to Newmont Member in connection with a contribution by Newmont Member of an Excluded Asset, and (E) any Member Contributions made to cover a Funding Default by Newmont Member; LESS all Nevada JV Distributions to Barrick Member, or any portion thereof, that were funded from proceeds of the disposition of any Nevada JV Assets.
Examples of Barrick Notional Capital Account in a sentence
If a Funding Default occurs, if and to the extent required by the definitions of Barrick Notional Capital Account and Newmont Notional Capital Account, the Proportionate Interest of each Member will be recalculated to reflect the Funding Default and, if applicable, any election by the Non-Defaulting Member to cover the Funding Default by making an additional Member Contribution in accordance with Section 9.5(b) and the Schedule of Members shall be updated.
More Definitions of Barrick Notional Capital Account
Barrick Notional Capital Account means a notional capital account for Barrick Member calculated as the sum of: (A) $[***], (B) all Member Contributions in respect of growth capital expenditures made by the Barrick Member, (C) the Contribution Value of