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: 1. All costs and expenses incurred in conducting exploration and prospecting activities on or in connection with the Property, including, without limitation, the active pursuit of required federal, state or local authorizations or permits and the performance of required environmental protection or reclamation obligations, the negotiation and performance of desirable agreements with local communities or governments, the building, maintenance and repair of roads, drill site preparation, drilling, tracking, sampling, trenching, digging test pits, shaft sinking, acquiring, diverting and/or transporting water necessary for exploration, logging of drill holes and B-1 <PAGE> drill core, completion and evaluation of geological, geophysical, geochemical or other exploration data and preparation of interpretive reports, and surveying and laboratory costs and charges (including assays or metallurgical analyses and tests); 2. All expenses incurred in conducting development activities on or in connection with the Property, the active pursuit of required federal, state or local authorization or permits, the negotiation and performance of agreements with local communities, and the performance of required environmental protection or reclamation obligations, pre-stripping and stripping, the construction and installation of a mill, xxxxx pads or other beneficiation facilities for valuable minerals, and other activities, operations or work performed in preparation for the removal or testing of valuable minerals from the Property; 3. All costs of Purchaser in acquiring additional interests in real property within the Area of Interest, to the extent such interests become subject to this Agreement, including without limitation costs and expenses incurred by Purchaser in conducting negotiations and due diligence, attorneys' fees and all amounts paid by Purchaser to third parties in acquiring such interests, and costs incurred by Lithium with the advance approval of Purchaser and reimbursed by Purchaser; 4. All costs incurred in performing any reclamation or other restoration or clean-up work required by any federal, state or local agency or authority or agreements with the same or local communities, and all costs of insurance obtained or in force to cover acti...
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Exploration and Development Expenses means and include all costs or fees, expenses, liabilities and charges paid, incurred or accrued by Optionee which are related to exploration activities on or for the benefit of the Property, including without limitation: 1. All costs and expenses incurred in conducting exploration and prospecting activities on or in connection with the Property, including, without limitation, the active pursuit of required federal, state or local authorizations or permits and the performance of required environmental protection or reclamation obligations, the negotiation and performance of desirable agreements with local communities or governments, the building, maintenance and repair of roads, drill site preparation, drilling, tracking, sampling, trenching, digging test pits, shaft sinking, acquiring, diverting and/or transporting water necessary for exploration, logging of drill holes and drill core, completion and evaluation of geological, geophysical, geochemical or B-1 <PAGE> other exploration data and preparation of interpretive reports, and surveying and laboratory costs and charges (including assays or metallurgical analyses and tests); 2. All expenses incurred in conducting development activities on or in connection with the Property, the active pursuit of required federal, state or local authorization or permits, the negotiation and performance of agreements with local communities, and the performance of required environmental protection or reclamation obligations, pre-stripping and stripping, the construction and installation of a mill, xxxxx pads or other beneficiation facilities for valuable minerals, and other activities, operations or work performed in preparation for the removal or testing of valuable minerals from the Property;
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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.
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Examples of Exploration and Development Expenses in a sentence

  • 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.

  • 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.

  • 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.

  • LBSV shall provide AuEx with a report of its Exploration and Development Expenses incurred on or for the benefit of the Property, not later than 60 days after the end of each Agreement year.

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

  • The losses expire in the following years: YearAmount2024$ 1,699,0842025558,7122026826,58120271,528,33220281,421,53420291,132,1502030119,49220311,490,949 $ 8,776,834 In addition, the Company has accumulated Foreign Exploration and Development Expenses for income tax purposes of approximately$203,674.

  • EXHIBIT “E” Estoppel ESTOPPEL CERTIFICATE TO: LANDLORD: SCP Green Hagerstown, LLC LENDER: Connecticut General Life Insurance Company, having an address c/o CIGNA Investments, Inc., 000 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, Attn: Debt Asset Management, H-11-H TENANT: West Marine Products, Inc.

  • EXPLORATION AND DEVELOPMENT EXPENSES 795 Delay Rentals - 0 796 Nonproductive Well Drilling - 0 797 Abandoned Leases - 0 798 Other Exploration Total Exploration and Development Expenses - 0 D.

  • 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.


More Definitions of Exploration and Development Expenses

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:
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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.
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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: (a) All costs and expenses incurred in conducting exploration and prospecting activities, including, without limitation, the preparation of feasibility studies, the active pursuit of required federal, state or local authorizations or permits and the performance of required environmental protection or restoration obligations, the building, maintenance and repair of roads, drill site preparation, drilling, tracking, digging test pits, shaft sinking, acquiring, diverting and/or transporting water necessary for exploration, logging of drill holes and drill core, completion and evaluation of geological, geophysical, geochemical or other exploration data and preparation of interpretive reports, and surveying and laboratory costs and charges (including assays or metallurgical analyses and tests); (b) All expenses incurred in conducting development activities on or in connection with the Property, the active pursuit of required federal, state or local authorization or permits and the performance of required environmental protection or restoration obligations, pre-stripping and stripping, the construction and installation of a mill, leach pads or other bxxxxxciation facilities for Valuable Minerals, and other activities, operations or work performed in preparation for the removal of Valuable Minerals from the Property; (c) All Acquisition Costs; (d) All costs incurred in performing any reclamation, restoration or other work required by any federal, state or local agency or authority; (e) Salaries, wages, expenses and benefits of PDUS's employees or consultants engaged in operations relating to the Property, including salaries and fringe benefits of those who are temporarily assigned to and directly employed on work relating to the Property for the periods of time such employees are engaged in such activities and reasonable transportation expenses for all such employees to and from their regular place of work to the Property; (f) All costs incurred in connection with the preparation of feasibility studies and economic and technical analyses pertaining to the Property, whether ...
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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.

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • 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 all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • 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, 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 any operations carried out for or in connection with the exploration for minerals, and includes -

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • 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;

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • 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:

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Marketing Expenses means all costs and expenses incurred in connection with the Commercialization of the Product in the Territory, including, without limitation: (a) marketing, advertising, sampling, and promotional activities; (b) marketing studies; (c) primary and secondary market research; (d) promotional materials; and (e)

  • 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).

  • land development application means the application for a land development permit on a form provided by [local jurisdiction] along with the supporting documentation required in Section [Y]-10(a).

  • 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.

  • fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised;

  • 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.