Common use of Calculation on Ongoing Basis Clause in Contracts

Calculation on Ongoing Basis. ▇▇▇▇▇▇'▇ and Falconbridge's, as the case may be, Joint Venture Interest, calculated at any time and from time to time, shall be determined in accordance with the formula: A = B x 100%, where (a) A is ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, Joint Venture Interest; (b) B is an amount equal to ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, deemed Expenditures under section 2.1 of this Schedule C, plus all of ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, Expenditures made after the formation of the Joint Venture; and (c) C is an amount equal to the Parties' total deemed Expenditures under section 2.1 of this Schedule C plus all of the Parties' Expenditures made after the formation of the Joint Venture.

Calculation on Ongoing Basis. ▇▇▇▇▇▇'▇ and Falconbridge's, as the case may be, Joint Venture Interest, calculated at any time and from time to time, shall be determined in accordance with the formula: : A = B x 100%, where (a) A is ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, Joint Venture Interest; (b) B is an amount equal to ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, deemed Expenditures under section 2.1 of this Schedule C, plus all of ▇▇▇▇▇▇'▇ or Falconbridge's, as the case may be, Expenditures made after the formation of the Joint Venture; and (c) C is an amount equal to the Parties' total deemed Expenditures under section 2.1 of this Schedule C plus all of the Parties' Expenditures made after the formation of the Joint Venture.