Joint Venture Expenditure definition

Joint Venture Expenditure means all Outgoings and the costs of all Joint Venture Operations including (without limitation) all costs, expenses and liabilities incurred in connection with the exploration, development and mining of the Tenements for minerals, accounted for in accordance with accounting principles accepted in Australia;
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Joint Venture Expenditure means all Expenditures incurred under or in connection with this Agreement;
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Joint Venture Expenditure means all costs, expenses and liabilities incurred in connection with the Exploration, development and mining of the Joint Venture Properties, accounted for in accordance with accounting principles accepted in Canada including (without limitation):
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Examples of Joint Venture Expenditure in a sentence

  • The Joint Venture Expenditure Report is required for monitoring the joint venture’s/consortium/partnership compliance with the percentage contributions of the partners as tendered, where the joint venture/consortium/partnership has been awarded preference points in respect of its consolidated B-BBEE scorecard.

  • The Joint Venture Expenditure Report is required for monitoring the joint venture’s compliance with the percentage contributions of the JV partners as tendered, where the joint venture has been awarded preference points in respect of its consolidated B-BBEE scorecard.

  • Joint Venture Expenditure Report.1.2 The Monthly Project Labour Report must include details of all labour (including that of sub- contractors) that are South African citizens earning less than R350.00 per day, as adjusted from time to time (excluding any benefits), who are employed on a temporary or contract basis on this contract in the month in question.

  • DRAFT The Joint Venture Expenditure Report is required for monitoring the joint venture’s/consortium/partnership compliance with the percentage contributions of the partners as tendered, where the joint venture/consortium/partnership has been awarded preference points in respect of its consolidated B-BBEE scorecard.

  • The Service Provider shall complete, sign and submit with each monthly statement for payment, the following updated returns (the format of which are attached in C3.2 Annexes as amended from time to time): • B-BBEE Sub-contract Expenditure Report (Annex 1) • Joint Venture Expenditure Report (Annex 2) The B-BBEE Sub-contract Expenditure Report is required for monitoring the prime contactor’s compliance with the sub-contracting conditions of the Preference Schedule.

  • For the purpose of the calculation of DE and TE, the Joint Venturers are each deemed to have incurred Joint Venture Expenditure equal to the actual Development Costs contributed by EMC up to the Earned Interest Date.

  • All costs and expenses documented and reasonably incurred by the Operator in complying with this Section 6.16 will (unless by this Section to be borne by a particular Participant) be Joint Venture Expenditure whether or not included in an Approved Program and Budget.

  • DRAFT Annex 1: B-BBEE Sub-Contract Expenditure Report Annex 2: Joint Venture Expenditure Report AGREEMENT MADE AND ENTERED INTO BETWEEN THE CITY OF CAPE TOWN (HEREINAFTER CALLED THE “EMPLOYER”) AND ……………………....................………………………………….............………………………….

  • If requested by the Non-Operator Participant, any costs and expenses documented and reasonably incurred for attendance by the Operator’s personnel (not including any members of the Management Committee) to a meeting of the Management Committee will be a Joint Venture Expenditure, whether or not included in an Approved Program or Budget.

  • Where the Operator is not a Participant, the Operator’s costs and expenses documented and reasonably incurred in connection with the Management Committee will be Joint Venture Expenditure, whether or not included in an Approved Program and Budget.


More Definitions of Joint Venture Expenditure

Joint Venture Expenditure means cash expenditure and any cost, obligation and liability incurred or properly accrued (but not yet met) with respect to Joint Venture Activities performed by the Operator in accordance with this Agreement including expenditures incurred or accrued: (i) in maintaining the Property in good standing (including land maintenance costs and any monies expended as required to comply with applicable laws and regulations, such as for the completion and submission of assessment work and filings required in connection with any assessment work), in curing title defects and in acquiring and maintaining surface and other ancillary rights; (ii) in preparing for the application for and acquisition of environmental and other permits necessary or desirable to commence and complete exploration and development activities with respect to the Joint Venture; (iii) in undertaking geophysical, geochemical and geological or technical surveys, drilling, assaying and metallurgical testing, including costs of assays, metallurgical testing and other test and analyses to determine the quantity and quality of Mineral Product, water and other materials or substances; (iv) in the preparation of work programs and the presentation and reporting of technical or scientific data relating to a Program including all governmental filings of work reports, and any program for the preparation of a Feasibility Study or other evaluation of the Property; (v) in connection with the protection of the environment in relation to the Property including environmental remediation, rehabilitation, provided the requirement for remediation or rehabilitation was not caused by the gross negligence of the Operator, decommissioning and long-term care and monitoring, whether or not financial assurance for mine reclamation has been established; (vi) in acquiring facilities, equipment or machinery, or the use of any of the foregoing things, for the Joint Venture and for all parts, supplies and consumables acquired or used in connection therewith; (vii) in connection with developing, building and operating one or more mines on the Property; (viii) for salaries and wages, including actual labour overhead expenses for employees assigned to exploration and development activities with respect to the Joint Venture; (ix) reasonable travelling expenses and fringe benefits (whether or not required by law) of all persons engaged in work with respect to and for the benefit of the Joint Venture including for their food, lodging...
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Joint Venture Expenditure means all costs reasonably and properly incurred by the Manager on behalf of the Joint Venture in connection with Joint Venture Activities pursuant to an Approved Programme and Budget or incurred in an Emergency or as a permitted cost overrun or as otherwise approved by the Management Committee: clause 1;
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Related to Joint Venture Expenditure

  • 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.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Independent expenditure means an expenditure by a person:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor.

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

  • Excluded Expenditure means any expenditure: (a) for goods or services supplied under a contract which any national or international financing institution or agency other than the Association or the Bank has financed or agreed to finance, or which the Association or the Bank has financed or agreed to finance under another credit, grant or loan; (b) for goods included in the following groups or sub-groups of the Standard International Trade Classification, Revision 3 (SITC, Rev.3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev.3 (1986) (the SITC), or any successor groups or subgroups under future revisions to the SITC, as designated by the Association by notice to the Recipient: Group Sub-group Description of Item 112 Alcoholic beverages 121 Tobacco, un-manufactured, tobacco refuse 122 Tobacco, manufactured (whether or not containing tobacco substitutes) 525 Radioactive and associated materials 667 Pearls, precious and semiprecious stones, unworked or worked 718 718.7 Nuclear reactors, and parts thereof; fuel elements (cartridges), non-irradiated, for nuclear reactors 728 728.43 Tobacco processing machinery 897 897.3 Jewelry of gold, silver or platinum group metals (except watches and watch cases) and goldsmiths’ or silversmiths’ wares (including set gems) 971 Gold, non-monetary (excluding gold ores and concentrates) (c) for goods intended for a military or paramilitary purpose or for luxury consumption; (d) for environmentally hazardous goods, the manufacture, use or import of which is prohibited under the laws of the Recipient or international agreements to which the Recipient is a party; (e) on account of any payment prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations; and (f) with respect to which the Association determines that corrupt, fraudulent, collusive or coercive practices were engaged in by representatives of the Recipient or other recipient of the Financing proceeds, without the Recipient (or other such recipient) having taken timely and appropriate action satisfactory to the Association to address such practices when they occur.

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).