Common use of Operational Matters Clause in Contracts

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European Goldfields, its Subsidiaries and its material joint ventures, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Eldorado Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsEldorado, its Subsidiaries and its material joint ventures, have been: (Ai) duly paidpaid or accrued; (Bii) duly performed; or (Ciii) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Eldorado or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on PMI: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsPMI, its or any of the PMI Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (CС) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields PMI or any of the PMI Subsidiaries or any of its Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on Target: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsTarget, its or any of the Target Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (CС) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Target or any of the Target Subsidiaries or any of its Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Pan American Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsPan American, its Subsidiaries and its material joint ventures, have been: (Ai) duly paidpaid or accrued; (Bii) duly performed; or (Ciii) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Pan American or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on Primero: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsPrimero, its any of the Primero Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (C() provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Primero or any of its the Primero Subsidiaries or any of their material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on Alamos: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsAlamos, its any of the Alamos Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (C) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Alamos or any of its the Alamos Subsidiaries or any of their material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on Asanko: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsAsanko, its or any of the Asanko Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (CС) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Asanko or any of the Asanko Subsidiaries or any of its Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Kinross Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsKinross, its Subsidiaries and its material joint ventures, have been: (Ai) duly paid; (Bii) duly performed; or (Ciii) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Kinross or any of its Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on Northgate: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsNorthgate, its any of the Northgate Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (C() provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Northgate or any of its the Northgate Subsidiaries or any of their material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields an Endeavour Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsEndeavour, its the Endeavour Material Subsidiaries and its material joint ventures, have been: (A) duly paidpaid or accrued; (B) duly performed; or (C) provided for accrued prior for to the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Endeavour or any of its the Endeavour Material Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Fortuna Material Adverse Effect: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsFortuna, its the Fortuna Material Subsidiaries and its material joint ventures, have been: (A) duly paidpaid or accrued; (B) duly performed; or (C) provided for accrued prior for to the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields Fortuna or any of its the Fortuna Material Subsidiaries or material joint ventures is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.

Operational Matters. Except as would not, individually or in the aggregate, be reasonably expected to result in a European Goldfields Material Adverse EffectEffect on K▇▇▇▇▇: (i) all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens, payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or on account of, any direct or indirect assets of European GoldfieldsK▇▇▇▇▇, its or any of the K▇▇▇▇▇ Subsidiaries and its any of their material joint ventures, have been: (A) duly paid; (B) duly performed; or (CС) provided for prior for the date hereof; and (ii) all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any contracts and agreements to which European Goldfields K▇▇▇▇▇ or any of the K▇▇▇▇▇ Subsidiaries or any of its Subsidiaries or material joint ventures is directly or indirectly bound bound, have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.