Expenditure Commitment definition

Expenditure Commitment has the meaning referred to in clause 3.1.
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Expenditure Commitment has the meaning ascribed thereto in 4.3(b);
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Expenditure Commitment has the meaning assigned to it in Section 4.8.
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Examples of Expenditure Commitment in a sentence

  • AMA and Lithco had on 10 April 2017 entered into a lithium rights joint venture agreement.Upon completion of the Expenditure Commitment and Capital Expenditure, Tawana will be entitled to a 50% interest in the Project (being all minerals from the tenements and the processing plant and infrastructure at Bald Hill).

  • The Kahuna property is subject to an Annual Assessment Expenditure Commitment on active claims.

  • The advantage of lease arrangements are that they introduce private sector managers, who are subject to penalties and incentives built into the lease, in order to improve operational performance of the utility.▪ BOT or Concession with Capital Expenditure Commitment – A project company is typically created with responsibility for a specific project’s capital investment, operating and maintenance costs, revenues, and profits.

  • The Contractor shall also during the Development and Construction Phase have the right in its discretion to continue Exploration activities and other Mining Operations in any Mining Area.7.3 Expenditure, Commitment.

  • Kahuna Property (continued) The Kahuna property is subject to an Annual Assessment Expenditure Commitment on active claims ranging from $165,000 to $454,000 over the next five years.

  • Carawine may terminate the Earn-In Agreement and Joint Venture at any time during the Earn-In Period, subject to satisfaction of the Guaranteed Expenditure Commitment (explained below) if payable, and rehabilitation of EL5523.

  • Each Joint Venture will be governed by a joint venture agreement (which will come into effect without any further action required of either party) upon the achievement of the Expenditure Commitment or the Capital Expenditure (as the case may be) by Lithco.

  • The proposed Lithium Rights Joint Venture becomes effective after completion of the Expenditure Commitment.

  • Flow-through Share Premium liability and Expenditure Commitment In August 2021, the Company raised $810,935 by issuing flow-through shares.

  • As contemplated in section 5.1, if Resolution 5 is not approved by Shareholders, the Company may either terminate the Agreement or pay to Terrativa the equivalent value of 30,000,000 Ordinary Shares in cash, with the price of the Ordinary Shares to be the 30 day VWAP immediately prior to the date on which the Minimum Expenditure Commitment is expended in full.The requirements of ASX Listing Rule 7.1 are set out in section 4.2 above.


More Definitions of Expenditure Commitment

Expenditure Commitment means the minimum sum Hecla Ventures must spend on Earn-in Expenditures (pursuant to the Expenditure Schedule that is found in Exhibit E) during each Annual Expenditure Commitment Period.
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Expenditure Commitment means the completion of a Feasibility Study and the expenditure of at least CAD$3,000,000 on exploration and Development of the Diablillos Project by Lithium X within 2 years of the Effective Date.
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Expenditure Commitment means the sum in Item 2 in Schedule 2:.
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Related to Expenditure Commitment

  • Available Commitment means a Lender’s Commitment minus:

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Expenditure minimum means:

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Ancillary Commitment means, in relation to an Ancillary Lender and an Ancillary Facility, the maximum Base Currency Amount which that Ancillary Lender has agreed (whether or not subject to satisfaction of conditions precedent) to make available from time to time under an Ancillary Facility and which has been authorised as such under Clause 7 (Ancillary Facilities), to the extent that amount is not cancelled or reduced under this Agreement or the Ancillary Documents relating to that Ancillary Facility.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Take-out Commitment means a commitment of Seller to sell one or more Purchased Mortgage Loans to a Take-out Investor in an arms-length, all cash transaction, and the corresponding Take-out Investor’s commitment back to Seller to effectuate the foregoing.

  • Capital Expenditure means expenditure on:

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Eligible Expenditure means expenditure in relation to this Project that complies in all respects with the Eligibility Rules.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.