Investment Costs means the costs up to the maximum amount of Seventy One million Six hundred thousand Dollars ($71,600,000) borne or to be borne by the Borrower and/or the Holding Guarantor and/or any other member of the Group in relation to one or more Investment Projects;
Notwithstanding the preceding sentence, the Investment Costs for the purpose of calculating the Net Internal Rate of Return shall not exceed 5% of the Aggregate Holder Investment amount.
Each Program and Budget for Processing or for Development and Mining shall specifically identify those elements thereof which are Operational Costs and those elements thereof which are Investment Costs.
An Adopted Program and Budget may include both Investment Costs and Operational Costs.
A Member may elect, consistent with and limited by Section 10.6, not to contribute to or to contribute less than the percentage reflected by its Ownership Interest to: (x) the Investment Costs component of an Adopted Program and Budget for Development and Mining and the Investment Costs component of an Adopted Program and Budget for Processing, or (y) an Adopted Program and Budget for Exploration.
Any such election must be made in the same percentage with respect to the Investment Costs in the Budget for Development and Mining and in the Budget for Processing.