LOM Plan definition

LOM Plan means the Owner’s life of mine model in respect of the New Afton Mine provided in the Data Room.
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LOM Plan means the Owner’s life of mine model in respect of the New Afton Mine provided in the Data Room. (gg) “Losses” means all damages, claims, losses, liabilities, fines, penalties and expenses. (hh) “Member” has the meaning set out in Section 7(a). (ii) “Mineral Rights” has the meaning set out in Section 13(c). (jj) “Minerals” means all marketable naturally occurring metallic and non-metallic minerals or mineral bearing material in whatever form or state in or under the Properties which are owned by the Owner or to which the Owner is entitled, including, without limitation, any precious metal or any base metal, owned by the Owner or to which the Owner is entitled and that is mined, extracted, removed, produced or otherwise recovered from the Properties (other than any rock, sand, gravel or aggregate used in connection with the conduct of the Operations by the Owner), whether in the form of ore, doré, concentrates, refined metals or any other beneficiated or derivative products thereof and including any such minerals or mineral bearing materials or products derived from any processing or reprocessing of any tailings, waste rock or other waste products originally derived from the Properties (to the extent that the same are owned by the Owner or to which the Owner is entitled). (kk) “New Afton Mine” means the gold mine owned and operated by New Gold in Kamloops, British Columbia on the area comprised by the Properties. (ll) “North Surface Land” means PID 014-▇▇▇-▇▇▇, ▇eing that part of the North ½ of Section 35 which lies to the North of Savona and Kamloops Wagon Road Township 19 Range 19 West of the 6th Meridian Kamloops Division Yale District except Plan 27151. (mm) “Operations” means the operations of the New Afton Mine.
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Examples of LOM Plan in a sentence

  • The amortization schedule shall be set and adjusted so that on the basis of, inter alia, each Approved LOM Plan, the actual operating history of each Eligible Project and the then current gold market, the outstanding principal amount of the Loans at any time will not exceed the amount expected to be permitted at the time in order for the Borrower to remain in compliance with the covenants set forth in Section 8.12.

  • If the Borrower accepts all of the Mining Plan Assumptions with respect to an Approved LOM Plan, then those Mining Plan Assumptions shall be used for the purposes of modifying such Approved LOM Plan.

  • If the Borrower does not accept all of the Mining Plan Assumptions for any Approved LOM Plan, the Technical Consultant and the Borrower shall consult for a period of 21 days in an attempt to agree on Mining Plan Assumptions for a new Approved LOM Plan.

  • Each of the foregoing dates on which an Approved LOM Plan is to be updated is referred to as a "Recalculation Date".

  • For greater certainty, an “Additional Capital Project” will not include (i) any exploration costs or expenses related to a capital project on the Properties and (ii) any additional costs and/or cost overruns associated with capital projects currently set out in the LOM Plan.