Prior Exploration Costs definition

Prior Exploration Costs means the deemed Expenditures of the parties under Section 7.9.
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Prior Exploration Costs means the expenditures and deemed expenditures of the parties as determined in accordance with Appendix III.
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Prior Exploration Costs means the deemed capital contributions of the parties under paragraph 7.07.
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Examples of Prior Exploration Costs in a sentence

  • On the Operative Date, the parties' respective Interests and Prior Exploration Costs shall be deemed to be as follows: INITIAL PRIOR EXPLORATION COSTS INTEREST Goldrea $900,000* 50% Parkside $1,100,000* 50% * Deemed expenditures for each Participant will be determined at the time the joint venture is formed by taking the aggregate of actual expenditures by each Participant on the Property and multiplying it by the initial interest of such Participant as set out above.

  • Upon a party or a third party acquiring all or a portion of the Offered Interest, the party or the third party will be deemed to have acquired a corresponding share of the Vendor's Prior Exploration Costs, Exploration Costs and Mine Costs (if more than one then in proportion to their share of the Offered Interest).

  • If the Optionee does not exercise this option to acquire an additional 25% Interest, then the Optionor may purchase the Optionee’s Interest by paying to the Optionee on or before the first anniversary of the formation of the Joint Venture an amount equal to the Exploration Costs and Prior Exploration Costs paid by the Optionee pursuant to this Agreement and the Option Agreement plus 10%.


More Definitions of Prior Exploration Costs

Prior Exploration Costs has the meaning set forth in Section 1.1(j).
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Prior Exploration Costs means the amounts referred to in Subsection 3.2.
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Prior Exploration Costs means the deemed Expenditures of the parties under §9.9.
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Prior Exploration Costs means the deemed prior exploration costs of each of the parties indicated in the table in paragraph 7.9.
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Prior Exploration Costs means, for Mill City, 70% of “Exploration Expenses” recorded by it under the Head Agreement before the Operative Date and, for The YC Syndicate, an amount equal to 30% of “Exploration Expenses” recorded by Mill City under the Head Agreement before the Operative Date.
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Related to Prior Exploration Costs

  • 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:

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • 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.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Transportation Costs means a component of the Charges, comprising those charges payable to the TNO and/or DNO for the use of their networks as applicable from time to time under the Industry Agreements including those charges more specifically referred to as “DUoS” and “TNUoS” and specified as “Included in the Unit Rate”, “Fixed” or “Pass-Through” in the Quotation Document or as otherwise notified to you as payable during the Supply Contract from time to time;

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

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

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

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

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.