Examples of Adopted Program and Budget in a sentence
The general public is excluded during the testimony of a child or a victim.
The acquisition of any interest or right to acquire any interest in mineral claims, permits, concessions, leases, licences, patents or other forms of mineral tenure or water or other property rights within or partially within the Area of Interest may only be undertaken by the Company and/or OpCo and only pursuant to an Adopted Program and Budget and any such rights or interests shall, except as otherwise provided, be added to and included in the Properties for all purposes of this Agreement.
At any time, the General Manager, after consultation with the Chairman of the Board, may propose the amendment of an Adopted Program and Budget, in which event the procedures of Section 10.4 shall apply.
REA(AS)= The Equity Account balance for all Shareholders immediately prior to the Diluting Date, as adjusted for anticipated debits and credits to all Shareholder’s Equity Account balances based on the Adopted Program and Budget and all Shareholder’s elections as to contributions.
If a Shareholder fails to so notify the General Manager of its election with respect to such an Adopted Program and Budget within such 30 day period, the Shareholder shall be deemed to have elected to contribute to such Adopted Program and Budget in proportion to its respective Ownership Interest as of the beginning of the period covered by the Adopted Program and Budget.
REA(S) = The Diluting Shareholder’s Equity Account balance immediately prior to the Diluting Date, as adjusted for anticipated debits and credits to the Diluting Shareholder’s Equity Account balance based on the Adopted Program and Budget and the Diluting Shareholder’s election as to contributions.
If the Manager is a Participant who elects pursuant to Article 10.5 to contribute less than its Participating Interest to an Adopted Program and Budget, such Participant shall resign as Manager with effect at the end of the Program and Budget period during which such Participant makes such election and, if there is only one other Participant at such date, that other Participant shall thereupon become Manager or at its option appoint the 22 24 successor Manager.
Each Adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management Committee.
The Operating Committee shall promptly notify the Board of any actual or anticipated material departure from an Adopted Program and Budget.
It is acknowledged that the Exploration Expenditures which ASARCO pays or reimburses to SOTRAPMAG pursuant to Article 7.2(a) shall not be Original Contributions or Contributions to a Joint Venture's Adopted Program and Budget for the purpose of calculating its Participating Interest in such Joint Venture and adjustments thereto.