Activities During Deadlock. If the Management Committee for any reason fails to adopt a Program and Budget, subject to the contrary direction of the Management Committee and to the receipt of necessary funds, the Manager shall continue Operations at levels comparable with the last adopted Program and Budget. For purposes of determining the required contributions of the Participants and their respective Participating Interests, the last adopted Program and Budget shall be deemed extended.
Activities During Deadlock. If the Management Committee for any reason fails to adopt an Exploration, Pre-Feasibility Study, Feasibility Study or Development Program and Budget, the Manager shall continue Operations at levels sufficient to maintain the Properties. If the Management Committee for any reason fails to adopt an initial Mining Program and Budget or any Expansion or Modification Programs and Budgets, the Manager shall continue Operations at levels sufficient to maintain the then current Operations and Properties. If the Management Committee for any reason fails to adopt Mining Programs and Budgets subsequent to the initial Mining Program and Budget, subject to the contrary direction of the Management Committee and receipt of necessary funds, the Manager shall continue Operations at levels comparable with the last adopted Mining Program and Budget. All of the foregoing shall be subject to the contrary direction of the Management Committee and the receipt of necessary funds.
Activities During Deadlock. If the Management Committee for any reason fails to adopt a Program and Budget as a consequence of a dead-lock, subject to the contrary direction by majority of the Management Committee and to the receipt of necessary finds, the Operator shall continue Operations at levels necessary to maintain the Property and Assets but shall not commence or extend any Programs until the dead-lock is resolved. Financial contributions to such necessary maintenance shall be obligatory on all Participating Interests.
Activities During Deadlock. Subject to the contrary direction of the Management Committee and to the receipt of necessary funds, if
Activities During Deadlock. If the Management Committee for any reason fails timely to adopt any Annual Operating Plan after the First Annual Operating Plan, the Operator shall have authority to continue Operations sufficient to maintain the Assets, to comply with and fulfill all the requirements of all Licenses, to fulfill existing contracts, to comply with Laws, and, if production has commenced when the deadlock occurs, to maintain or initiate production levels consistent with the Annual Operating Plan that has previously been approved by the Management Committee. The Company shall provide funding for such Operations during deadlock and reimburse the Operator as provided in this Agreement.
Activities During Deadlock. If the Management Committee for any reason fails to approve a Proposed Programme and Budget, prior to the commencement of the Year to which it relates, the Management Committee must continue to meet and use all reasonable efforts to reach agreement. In the meantime, the Manager must, subject to any contrary direction of the Management Committee and receipt of necessary funds, continue to:
Activities During Deadlock. 28 7.8 Financial Audits . . . . . . . . . . . . . . . . . . . . . . . 28 ARTICLE 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Activities During Deadlock. If the Management Board for any reason fails to adopt a Program and Budget, the Managers shall continue Operations at levels comparable with the last Adopted Program and Budget until a new Program and Budget is adopted pursuant to Articles 10 or 18. For purposes of determining the required contributions of the Members and their respective Ownership Interests, the last Adopted Program and Budget shall be deemed extended.
Activities During Deadlock. If the Management Committee for any reason fails to adopt a Program and Budget for the maintenance of the Properties or a Mining Program and Budget for the maintenance of the Assets for any calendar year or part thereof, in the absence of contrary direction and subject to the receipt of necessary funds, the Operator shall continue Operations at levels sufficient to maintain the Properties and the Assets. In such event, for purposes of determining required contributions of the Participants and their respective Participating Interests, the last adopted Program and Budget or Mining Program and Budget, as the case may be, shall be deemed extended.
Activities During Deadlock. If the Management Committee for any reason fails to adopt a Program and Budget for the maintenance of the Properties or a Mining Program and Budget for the maintenance of the Joint Venture Assets for any calendar year or part thereof, in the absence of contrary direction and subject to the receipt of necessary funds, the Manager shall continue Operations at levels sufficient to maintain the Properties and the Joint Venture Assets. In such event, for purposes of determining required contributions of the Parties and their respective Participating Interests, the last adopted Program and Budget or Mining Program and Budget, as the case may be, shall be deemed extended. If the Management Committee twice fails to adopt such a Program and Budget, then after the second such occurrence the matter will be subject to the provisions of Article 14 as if there had been a failure to agree on an Expenditure.
