Additional Cash Contributions. At such time as Cyprus has earned its fifty percent (50%) interest in the Property, pursuant to Section 5.5, 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 1 contract
Sources: Joint Venture Agreement (Idaho Consolidated Metals Corp)
Additional Cash Contributions. At such time as Cyprus has earned its fifty sixty percent (5060%) interest in the Property, pursuant to Section 5.5, 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 1 contract
Sources: Global Settlement Agreement (Idaho Consolidated Metals Corp)