Exploration Projects Sample Clauses

Exploration Projects. For each exploration project that is identified by either party in the USE Parties’ library, which is approved by the USE Parties and undertaken by the parties, BCCC will contribute the first $500,000 expenditure on each exploration project undertaken until BCCC has contributed $10,000,000 toward the exploration projects. After BCCC has expended the first $500,000 on each individual project, the balance of monies expended on the project shall be split 50/50 between the parties. As an example, should exploration project #1 entail expenditures of $600,000, BCCC shall be responsible for $500,000 plus $50,000 (i.e. ½ of $100,000 spent over the $500,000) and the USE Parties shall be responsible for the $50,000 balance. After BCCC has funded up to twenty (20) exploration projects with $500,000 (i.e. $10,000,000 in the aggregate) expended on each project, the USE Parties and BCCC will be obligated to carry their respective 50% interest in such projects or lose their 50% interest in the projects on a property by property basis as provided in the Mining Venture Agreement.
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Exploration Projects. 1. The Pamlico Project The Pamlico property is located in Mineral County, 15 kilometres from Hawthorne, Nevada, United States and is comprised of 63 patented and unpatented Federal mineral claims covering 5 square kilometres as listed on the attached Exhibit 1.

Related to Exploration Projects

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • Sub-projects 1. The Participating Bank shall make Sub-loans to Beneficiaries and appraise, review, approve, and supervise Sub-projects in accordance with the criteria, conditions and procedures set forth in the Operations Manual, including, inter alia, the following eligibility criteria:

  • Research Project 3.1 These Materials and Data will be used by Recipient's PI solely in connection with the Research Project, as named and described in the attached research application (insert Research Project name below):

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Capital Projects 25.1 All capital projects, whether already underway or beginning during this period, are subject to the Department’s investment appraisal processes. Any capital expenditure that exceeds the BFI’s delegated capital limit must be referred to the DCMS Finance Committee for approval at three stages of development, as set out in guidance issued by the Department. The figure used in calculating whether the costs exceed the delegated limit is the lifetime cost of the capital project, including non- exchequer funding and any increased running costs ensuing from it.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • Information Systems Acquisition Development and Maintenance Security of System Files. To protect City Information Processing Systems and system files containing information, Service Provider will ensure that access to source code is restricted to authorized users whose specific job function necessitates such access.

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.1(a) and (b) above at the times specified therein.

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