Kami Project definition
Examples of Kami Project in a sentence
The object of the Partnership is to develop and operate the Kami Project.
Each of Alderon and the Owner acknowledge that in acting in its capacity as manager and operator of the Kami Project hereunder, Alderon is not acting in its capacity as a partner of the Owner.
If the Manager ceases to be a General Partner or Limited Partner of the Partnership, it shall be deemed to have resigned as Manager hereunder and it shall cease to be the Manager for the Kami Project as of such date.
The administrative and accounting policies governing the conduct of the management and operations of the Kami Project shall be applied in accordance with IFRS and normal practice in the Canadian mining industry, including the basis for costs and credits related to the Kami Project.
Any Annual Budget and Work Plan adopted or amended in accordance with this Agreement shall be binding on the Manager, which shall carry on the management and operation of the Kami Project and make all payments in accordance with the provisions of this Agreement, such Annual Budget and Work Plan and any other programs and budgets approved by the Owner.
Should the appointment of the Manager be terminated or should the Manager otherwise cease to be manager and operator of the Kami Project for any reason during the term of this Agreement, the parties shall continue to be bound by the terms of the Partnership Agreement, and the Owner may operate the Kami Project or engage a successor to act as manager and operator of the Kami Project.
The Manager shall cause its senior knowledgeable personnel to attend at meetings of the board of directors of the General Partner, such attendance required to be no more than once per financial quarter of the Owner, to report to the Board of Directors of the General Partner regarding the operations of the Kami Project.
Copies of all financial statements relating to the Kami Project and auditors certificates shall be furnished to the Owner as soon as available but not later than 90 days after each fiscal year end and, at the request of any party, the Owner’s auditors shall attend at a meeting of the Limited Partners under the Limited Partnership Agreement and shall answer such questions relative to their certificate and their investigation of the books and records of the Kami Project as may be put to them.
The Company shall afford the Investor and its authorized representatives reasonable access to the Business, the Kami Project and all other property, assets, undertaking, records and documents of the Company and the Subsidiary, provided that the Company shall be permitted to require advance notice of such access.
Any remaining income of the Partnership during that period shall be distributed in accordance with Hebei Limited Partner’s diluted Proportionate Interest provided that Hebei Limited Partner’s deemed Proportionate Interest may be reduced during such period for actual dilution that occurs other than because of Hebei Limited Partner’s election not to contribute to the expansion of the Kami Project by a minimum of 4 million MT of iron ore production capacity greater than 8 million MT per annum.