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 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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Examples of Joint Venture Expenditure in a sentence

  • 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.

  • 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.

  • 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.

  • Prior to the making of a Decision to Mine (which announcement shall be in the sole discretion of First Quantum), the allocation of Joint Venture Expenditure shall be made by the Participants in proportion to their respective Participating Interests, provided that First Quantum shall be responsible for Joint Venture Expenditures relating to its completion of all necessary mining, metallurgical and development studies contributing to the Decision to Mine.

  • The Operator may charge an appropriate fee for management of the Joint Venture, which fee will be determined by the Management Committee and must not exceed 10% of Joint Venture Expenditure.

  • Subject to section 10.1, each Participant must contribute all Joint Venture Expenditure incurred in conducting Approved Programs and otherwise incurred as contemplated by Approved Budgets or otherwise incurred in a manner provided for in the Joint Venture Agreement in proportion to its Participating Interest on each date on which a contribution is due to be made.

  • If contributions to Joint Venture Expenditure are required to be made by a Participant under the Joint Venture Agreement, then the Operator must issue a notice to each Participant ("Cash Call Notice") for each calendar quarter.

  • Subject to section 10.1, all contributions to Joint Venture Expenditure required to be made by a Participant under the Joint Venture Agreement must be made by that Participant paying to the Operator, on or before 30 days before the first day of the calendar quarter to which the Cash Call Notice relates, the amount stated in the Cash Call Notice as being the amount due to be contributed by that Participant.

  • After the Hoidas Lake Option Period, each payment by the Operator (on behalf of the Hoidas Lake Joint Venture) in respect of any Joint Venture Expenditure will be deemed to be made in proportion to each Participant’s respective Hoidas Lake Joint Venture Interest, so long as each of the Parties has provided its proportionate share of the funding in respect of the Program.


More Definitions of Joint Venture Expenditure

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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Related to Joint Venture Expenditure

  • Exploration Expenditures means the sum of:

  • 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:

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, 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, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • 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. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.

  • 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”). Capital Grant

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

  • Excluded Expenditure means any expenditure:

  • 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 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 licensed or 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).

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.