Exploration and Development Expenses definition

Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid, incurred or accrued by Purchaser which are related to exploration activities on or for the benefit of the Property, including without limitation:
Sample 1
Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid or incurred by PDUS which are related to Exploration, Development and Related Work conducted between October 1, 1997 and the Effective Date or during the Evaluation Period for the purpose of discovery, location, delineation, evaluation or development of Valuable Minerals from the Property, including without limitation:
Sample 1
Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid, incurred or occurred by PMC which are related to the Property, including without limitation:
Sample 1

Examples of Exploration and Development Expenses in a sentence

  • LBSV’s activities on the Property may include any activities for which the costs would qualify as Exploration and Development Expenses, as well as the removal of mineral samples for the purpose of, and in amounts appropriate for, testing such mineral samples, including bulk sampling, and in addition LBSV shall have the right to bring upon and erect upon the Property such buildings, plants, machinery and equipment as LBSV may deem necessary or desirable to carry out such activities.

  • During the Earn-In Period LBSV will fund all Exploration and Development Expenses on the Property and will be the operator.

  • Optionee's activities on the Property may include any activities for which the costs would qualify as Exploration and Development Expenses, as well as the removal of mineral samples for the purpose of, and in amounts appropriate for, testing such mineral samples, including bulk sampling, and in addition the Optionee shall have the right to bring upon and erect upon the Property such buildings, plants, machinery and equipment as the Optionee may deem necessary or desirable to carry out such activities.

  • Should Optionor be the acquiring party and should the additional property become part of the Property, Optionee shall reimburse Optionor for its acquisition costs, and the amount of such reimbursement shall count as Exploration and Development Expenses.

  • If Royal elects for any reason not to meet the Minimum Work Requirement for the first Annual Period, it shall nonetheless be obligated to tender the amount of any deficiency ($300,000 less the amount of Exploration and Development Expenses actually incurred) to PDUS.

  • During the term of this Agreement, Cuprum shall furnish to Empire reports of its Exploration and Development Work and Exploration and Development Expenses upon the Concession, in a format reasonably acceptable to Empire, within fifteen (15) days of the end of each calendar quarter.

  • The Optionee may acquire an additional 50% interest in the Property by committing to expend an aggregate of One Million Three Hundred Thousand Six Hundred Forty-Eight Dollars (US$1,300,648) (the "Aggregate Work Obligation") in Exploration and Development Expenses as follows.

  • During the Option Period, Atlas agrees to ------------ undertake a work program on the Commonwealth Property, which shall require Atlas to incur at least $425,000 in Exploration and Development Expenses (as defined below) in performing Exploration and Development Work.

  • Each anniversary of the Effective Date shall be referred to hereinafter as an "Anniversary Date." Any Exploration and Development Expenses incurred by PDUS in excess of the minimum amounts set forth in the table during any Annual Period may be carried forward by PDUS and shall apply as a credit toward Exploration and Development Expenses in subsequent Annual Periods.

  • The width of the vein varies from 0.5 to 7 m and dips at approximately 52° to the northeast.


More Definitions of Exploration and Development Expenses

Exploration and Development Expenses means, with respect to any Person, ------------------------------------ any expenditure for the exploration and development of mining assets, excluding costs and expenditures associated with the exploitation of an Eligible Project.
Sample 1
Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid or incurred by Royal which are related to Exploration, Development and Related Work conducted during the Evaluation Period for the purpose of discovery, location, delineation, evaluation or development of Valuable Minerals from the Property, including without limitation:
Sample 1
Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid or incurred by Coeur or IDAH (and reimbursed by Coeur) which are related to Exploration, Development and Related Work conducted during the Option Period.
Sample 1

Related to Exploration and Development Expenses

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Exploration Expenditures means the sum of:

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Land development means the erection of buildings or structures on land, or the change of use of land, including township establishment, the subdivision or consolidation of land or any deviation from the land use or uses permitted in terms of an applicable land use scheme;

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Development District means Municipal Development District No. 4 in the City, which is described in the corresponding Development Program.

  • Marketing Expenses means, with respect to a Product, the sum of Marketing Management Expenses, Advertising and Market Research Expenses, and Medical Education Expenses relating to such Product.

  • Development Area means that area to which a development plan is applicable.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.