ELECTION TO CONTRIBUTE. 11.1 Each Party with an Interest may, within 120 days of receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share of the Mine Costs. A Party which fails to give notice within the 120 day period shall be deemed to have elected not to contribute.
Appears in 5 contracts
Samples: Agreement, Option Agreement (Merritt Ventures Corp), Agreement (Canyon Copper Corp.)
ELECTION TO CONTRIBUTE. 11.1 10.1 Each Party party with an Interest may, within 120 60 days of the receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share of the Mine Construction Costs. A Party party which fails to give that notice within the 120 60-day period shall be deemed to have elected not to contributecontribute to Construction Costs.
Appears in 4 contracts
Samples: Option Agreement (Source Gold Corp.), Mining Option Agreement (All American Gold Corp.), Agreement (Source Gold Corp.)
ELECTION TO CONTRIBUTE. 11.1 10.01 Each Party party with an Interest may, within 120 60 days of the receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share of the Mine Construction Costs. A Party party which fails to give that notice within the 120 60-day period shall be deemed to have elected not to contributecontribute to Construction Costs.
Appears in 3 contracts
Samples: Property Option Agreement (Revelstoke Industries, Inc.), Joint Venture Agreement (Baymont Corp), Joint Venture Agreement (Delbrook Corp)
ELECTION TO CONTRIBUTE. 11.1 10.1 Each Party party with an Interest may, within 120 30 days of the receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share of the Mine Construction Costs. A Party party which fails to give that notice within the 120 30-day period shall be deemed to have elected not to contributecontribute to Construction Costs.
Appears in 2 contracts
Samples: Mining Option Agreement (Coastal Pacific Mining Corp), An Agreement (Pana-Minerales S.A.)
ELECTION TO CONTRIBUTE. 11.1 10.01 Each Party party with an Interest may, within 120 sixty (60) days of the receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share of the Mine Construction Costs. A Party party which fails to give that notice within the 120 sixty (60) day period shall be deemed to have elected not to contributecontribute to Construction Costs.
Appears in 1 contract
Samples: Certain Agreement (Amador Gold Corp)
ELECTION TO CONTRIBUTE. 11.1 9.01 Each Party with an Interest party may, within 120 60 days of receipt of the Production Notice, give the Operator notice committing to contribute its Proportionate Share proportionate share of Construction Costs which will be necessary to construct the Mine CostsMine. A Party party which fails to give that notice within the 120 60 day period shall be deemed to have elected not to contribute.
Appears in 1 contract
Samples: Agreement
