Examples of Preliminary Period in a sentence
Upon vesting by SSR, the Agreement specified that an amount equal to 25% of the Pirquitas mine's cash equivalent earnings, if any, during the Preliminary Period, less certain expenditures for exploration (including pre-development expenditures), capital investment and closure costs as based on a pre-defined formula (the “Pirquitas Payment”), was payable on closing of the Arrangement.
Notwithstanding anything to the contrary contained herein or in any of the Leases, Master Landlord hereby covenants to Wachovia that it shall not effect any LL Transfer (other than an Exempt LL Transfer) under such Group A Lease until after the expiration of the Preliminary Period.
During the maximum 18-month Preliminary Period, Silver Standard will pay Golden Arrow up to C$2M on completion of certain milestones.
Upon vesting by SSR, the agreement specified that an amount equal to 25% of the Pirquitas mine's cash equivalent earnings, if any, during the Preliminary Period, less certain expenditures for exploration (including pre-development expenditures), capital investment and closure costs as based on a pre-defined formula (the “Pirquitas Payment”), was payable on closing of the transaction.
In consideration for granting SSRM the rights to conduct an 18-month period (June 2017 – December 2018) of pre-development activities at Chinchillas (“the Preliminary Period”), SSRM paid GAR $2,000,000 on completion of certain milestones as detailed below: Payment All of the payments were received by GAR during the Preliminary Period.