Program and Budget. If a Participant makes a timely submission to the Management Committee pursuant to SUBSECTIONS 9.4(A), (B) or (C), then the Manager working with the other Participant shall seek for a period of time not to exceed twenty (20) days to develop a complete Program and Budget acceptable to both Participants. The Manager shall then call a Management Committee meeting in accordance with SECTION 7.3 for purposes of reviewing and voting upon the proposed Program and Budget.
Appears in 2 contracts
Sources: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)
Program and Budget. If a Participant makes a timely submission to the Management Committee pursuant to SUBSECTIONS 9.4(ASubsections 9.4(a), (Bb) or (Cc), then the Manager Manager, working with the other Participant Participant, shall seek for a period of time not to exceed twenty (20) days to develop a complete Program and Budget acceptable to both Participants. The Manager shall then call a Management Committee meeting in accordance with SECTION Section 7.3 for purposes of reviewing and voting upon the proposed Program and Budget.
Appears in 1 contract
Sources: Exploration, Development and Mine Operating Agreement (Royal Gold Inc /De/)