Common use of Goodwill Payment Clause in Contracts

Goodwill Payment. The Government acknowledges receipt prior to or upon execution of this Agreement of $ from the Company as a goodwill payment on the understanding that Government shall utilize the payment received o develop the institutions and expertise required at the local and national levels to effectively perform the activities of the Government under this Agreement. The Government shall quarterly report publicly on the specific expenditures of all funds received under this provision, starting 90 Days after the Effective Date of this Agreement.

Appears in 2 contracts

Sources: Mining Development Agreement, Mining Development Agreement