Common use of Voluntary Reduction in Participation Clause in Contracts

Voluntary Reduction in Participation. Except with respect to a Participant's obligation to make its Initial Contribution, as to which no election is permitted, a Participant may elect, as provided in Section 9.5, to limit its contributions to an adopted Program and Budget as follows:

Appears in 2 contracts

Samples: Lease Agreement (Idaho Consolidated Metals Corp), Agreement (Idaho Consolidated Metals Corp)

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Voluntary Reduction in Participation. (a) Except with respect to that portion, if any, of a Participant's obligation Initial Contribution that it is obligated to make its Initial Contributionmake, as to which no election is permitted, a Participant may elect, as provided in Section 9.59.05, to limit its contributions to an adopted Program and Budget as follows:

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

Voluntary Reduction in Participation. Except with respect to a Participant's participant’s obligation to make its Initial Contribution, as to which no election is permitted, a Participant may elect, as provided in Section 9.5, to limit its contributions to an adopted Program and Budget as follows:

Appears in 1 contract

Samples: Joint Venture Agreement (Trend Mining Co)

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Voluntary Reduction in Participation. Except with respect to a Participantparticipant's obligation to make its Initial Contribution, as to which no election is permitted, a Participant may elect, as provided in Section 9.5, to limit its contributions to an adopted Program and Budget as follows:

Appears in 1 contract

Samples: Trend Stillwater Venture Agreement (Aurora Metals Bvi LTD)

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