Enterprise Costs definition
Enterprise Costs means all costs incurred in connection with the Enterprise activities and/or Century JV Activities and accounted for in accordance with accepted accounting principles in Australia and may include a management fee not exceeding 10% of actual expenditure incurred on Exploration (excluding administration costs);
Examples of Enterprise Costs in a sentence
Aurum shall be responsible for and bear all costs (if any) associated with the assignment, transfer or issue of the Shares referred to in Clause 5.2, which costs shall not be Enterprise Costs.
For the avoidance of doubt, all Enterprise Costs properly incurred by Aurum as Manager of the Company under this Agreement constitute payments towards the Earn-in Expenditure.