Common use of Additional Cash Contributions Clause in Contracts

Additional Cash Contributions. At such time as TMC has earned its fifty percent (50%) interest in the Properties, pursuant to Section 5.2, the Participants, subject to any election permitted by Sections 6.1, 6.2 and 6.3, shall be obligated to contribute funds to adopted Programs and Budgets in proportion to their respective Participating Interest.

Appears in 2 contracts

Sources: Joint Venture Agreement (Trend Mining Co), Joint Venture Agreement (Aurora Metals Bvi LTD)