Capital Expenditures; Construction Sample Clauses

Capital Expenditures; Construction a. Upon the issuance to the Company of a Mining License pursuant to Section 5, the Company shall use commercially reasonable efforts to incur capital expenditures and commence and continue construction, acquisition and installation of its Mine, Mining Plant, Infrastructure and related equipment, all in accordance in all material respects with the Development Plan and schedule set forth in the approved Feasibility Report relating to such Mining License. The Company shall cause the construction, acquisition and installation of the Mine, Mining Plant, Infrastructure and equipment provided for in the approved Feasibility Report to be completed in accordance in all material respects with the Development Plan set forth in the approved Feasibility Report, and shall use commercially reasonable efforts in good faith to cause the capacity demonstration test provided for in Section 6.2 to occur within the period of time provided in Section 5.4. The Company may not make material changes in the Development Plan unless it applies for and receives the approval of the Minister to appropriate amendments to the Feasibility Report, which approval may not be unreasonably withheld. Any such application shall be accompanied by the processing fee required by Section 16.1.
Sample 1
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Capital Expenditures; Construction a. Upon the issuance to the Company of a Mining License pursuant to Section 5 and until the termination or surrender of such license in accordance with this Agreement, subject to any delays as a result of any of the events contemplated in Section 6.2(b), Section 19.11, Section 24.5 or Section 29, the Company shall use commercially reasonable efforts in good faith to:
Sample 1
Capital Expenditures; Construction a. The Concessionaire shall use commercially reasonable efforts to incur capital expenditures and commence and continue construction, acquisition and installation of the relevant Mines, Mining Plants, Infrastructure and related equipment, all in accordance in all material respects with the Modified Bid Materials and all applicable Feasibility Studies. The Concessionaire shall use commercially reasonable efforts in good faith to cause capacity demonstration tests to occur if sufficient reserves have been found (i) for the Non-Goma Mines, (x) on or prior to the fourth anniversary of the Effective Date (such test, the “Phase I Capacity Test” and such date, the “Phase I Capacity Test Date”) and (y) on or prior to the sixth anniversary of the Effective Date (such test, the “Phase II Capacity Test” and such date, the “Phase II Capacity Test Date”) and (ii) for each of the Goma Mines, the Additional Concession Area Mines and the Contiguous Area Mines, within the period of time provided in the applicable Approved Feasibility Study. The Concessionaire may not make material changes in the schedules, expenditures, capacity, or other production plans from those set forth in the Modified Bid Materials or applicable Approved Feasibility Study unless it applies for and receives the approval of the Minister, which approval may not be unreasonably withheld.
Sample 1

Related to Capital Expenditures; Construction

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Maximum Capital Expenditures Borrower and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during the following periods that exceed in the aggregate the amounts set forth opposite each of such periods: Period Maximum Capital Expenditures per Period Fiscal Year ending on or about March 31, 2006 and each Fiscal Year ending thereafter $ 5,000,000 (b) [Intentionally Deleted]

  • Early Construction of Base Case Facilities Developer may request Connecting Transmission Owner to construct, and Connecting Transmission Owner shall construct, subject to a binding cost allocation agreement reached in accordance with Attachment S to the ISO OATT, including Section 25.8.7 thereof, using Reasonable Efforts to accommodate Developer’s In-Service Date, all or any portion of any System Upgrade Facilities or System Deliverability Upgrades required for Developer to be interconnected to the New York State Transmission System which are included in the Base Case of the Class Year Study for the Developer, and which also are required to be constructed for another Developer, but where such construction is not scheduled to be completed in time to achieve Developer’s In-Service Date.

  • Limitation on Capital Expenditures Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any expenditure in respect of the purchase or other acquisition of fixed or capital assets (excluding any such asset acquired in connection with normal replacement and maintenance programs properly charged to current operations) except for:

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

  • Routine Maintenance, Construction, and Repair The NYISO or Connecting Transmission Owner may interrupt interconnection service or curtail the output of the Small Generating Facility and temporarily disconnect the Small Generating Facility from the New York State Transmission System or Distribution System when necessary for routine maintenance, construction, and repairs on the New York State Transmission System or Distribution System. The NYISO or the Connecting Transmission Owner shall provide the Interconnection Customer with five Business Days notice prior to such interruption. The NYISO and Connecting Transmission Owner shall use Reasonable Efforts to coordinate such reduction or temporary disconnection with the Interconnection Customer.

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year Consolidated Capital Expenditures Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1.

  • Construction Activities Please list all major construction activities, both planned and completed, to be performed by Seller or the EPC Contractor. Activity EPC Contractor / Subcontractor Completion Date __/__/____ (expected / actual) __/__/____ (expected / actual)

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