Operating Activities definition
Operating Activities means all operation and business activities of the JVC, including feasibility studies and construction of processing plants. "Parties" means Party A and Party B as well as their successors and permitted assigns, and "Party" means either party. "Phase I", "Phase II" "Phase III"-or "Phases" shall have the meaning defined in Article 20 hereunder. "PRC" means the People's Republic of China. "Products" means graphite products, by-products and other related products produced by the JVC. "Province" means the province of Heilongjiang. "Share Interest" means a Party's percentage of share interest in the JVC, in the case of Party A, 20% of shares in the capital of the JVC and, in the case of Party B, 80% of shares in the capital of the JVC, as adjusted from time to time. "Subsidiaries" means any individual, partnership, joint venture, companies or any other business entities controlled directly or indirectly by a Party. "Term" means the Term of the JVC as defined in Article 18 herein. "Total Investment" means the total investment by the Parties as referred to in Article 19 herein. "Work Days" means all the days in a year less Saturdays, Sundays and the Chinese Statutory Holidays. CHAPTER 3
Operating Activities means all proprietary activities of the JVC, including feasibility studies, ore dressing, prospecting, processing, construction of processing plants or other activities in relation to mining, transportation, smelting, or other activities in relation to Minerals conducted by or on behalf of the JVC. "Operating Area" or "Operating Areas" means the area or areas, each comprising a number of Exploration Areas, defined by geological, mineral and geographic restraints, in which the JVC decides to carry out any Operating Activities pursuant to an Operating Budget and Operating Procedures. "Operating Budget" means the budget prepared by Party B for each Operating Area estimated on the basis of RMB 2,000 per km2 on average, to be submitted to the JVC for implementation. "Operating Licenses" means all Business License, Exploration Licenses, Mining Licenses, approvals, permits and registrations that the JVC may need to operate in Contract Areas and/or Operating Areas. "Operating Procedures" means the procedures formulated by the Board of Directors for carrying out and maintaining Operating Activities. "Operating Schedule" means the schedule substantially in the form shown in Schedule "B" attached hereto and determined by the Board of Directors according to which Operating Activities are conducted and completed. "Option" means the exclusive right and option granted by Party A to Party B for the acquisition of any or all of Party A's interest in any Optional Project. "Optional Project" or "Optional Projects" means any existing mines owned wholly or partly by Party A within the Operating Areas. "Parties" means Party A and Party B as well as their successors and permitted assigns, and "Party" means either party. "Phase I" means the stage of prospecting and exploration and ends with completion of feasibility studies. "Phase II" means the stage of mining, development and production of mines discovered in Phase I. "PRC" means the People's Republic of China. "Products" means mineral products produced under mining rights or other rights. "Shareholders" means any individual or entity holding the shares of the JVC. (Initially Party A and Party B). "Share Interest" means a party's percentage of share interest in the JVC as adjusted from time to time. "Subsidiaries" means any individual, partnership, joint venture, companies or any other business entities controlled directly or indirectly by a Party. "Work Days" means all the days in a year less Saturdays, Sundays and the Chinese...
Operating Activities means activities undertaken by the Issuer (including any operating subsidiary) in the course or its regular business activities.
Examples of Operating Activities in a sentence
The JVC shall comply with the laws and regulations published by the government of PRC in relation to environmental protection and safety in the course of Operating Activities.
The allocation of funds by the City pursuant to this Agreement shall in no way obligate the City for any financial responsibility incurred by the Operating Activities in excess of the funding pledged herein.
Party B or the JVC may, from time to time and a subcontract price to be determined on a case by case basis, subcontract Party A or any of its subsidiaries of affiliates to provide services in relation to any Operating Activities to be conducted by Party B or the JVC.
If any or all the Operating Activities in any Operating Areas are partially or entirely suspended as a result of any force majeure event referred to in Article 68, the operation in any such Operating Areas or the term of this Contract may be extended by a period not exceeding the length of such suspension.
Homestead shall not request disbursement of HOME funds until HOME funds are needed to pay eligible costs related to the Operating Activities.
More Definitions of Operating Activities
Operating Activities means all activities reasonably necessary or advisable in connection with the day-to-day (a) management, operation, inspection, cleaning and upkeep of ON Line (or any portion thereof) during the Operating Period and (b) operation of the Great Basin Segments, as further specified, but not limited to the activities set forth, in Schedule 3; provided, however, that Operating Activities do not include any Ancillary Services or any work resulting from any Capital Repair, Event of Loss or any Condemnation Action.
Operating Activities means Borrower’s operating activities that are defined and reported in Borrower’s monthly financial reporting delivered to Agent and in Borrower’s SEC reporting.
Operating Activities. Net income $ 1,002 Adjustments to reconcile net income to cash provided by operating activities: Equity in undistributed net income of subsidiary (1,036) ESOP compensation expense 31 Net change in other assets/liabilities (5) ------- Net cash used by operating activities (8) ------- Investing Activities: Investment in bank subsidiary (3,616) Financing Activities: Proceeds from issuance of common stock 6,621 Exercise of stock options 6 Cash dividends paid (185) ------- Net cash provided by financing activities 6,442 ------- Net increase in cash 2,818 Cash at beginning of year - ------- Cash at end of year $ 2,818 ======= FIRST CAPITAL, INC. AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED JUNE 30, 1999 AND 1998
Operating Activities. All operating activities of the Company related to:
Operating Activities. Net income None Adjustments to reconcile net loss to net cash provided by operating activities - Technology license (5,000) Accrued expenses 5,000 -------- Net cash used by operating activities - -------- CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from capital contributions 50,000 -------- Net cash provided by financing activities 50,000 -------- NET INCREASE IN CASH 50,000 CASH AT JUNE 13, 2003 - -------- CASH AT JUNE 19, 2003 $ 50,000 ======== ADVANCED ILLUMINATION TECHNOLOGIES, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE INTERIM PERIOD JUNE 13, 2003 TO JUNE 19, 2003 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Operating Activities means the principal revenue producing activities of BESCOM and other activities that are not Investing Activities or Financing Activities, where “Investing Activities” means the acquisition and disposal of long-term assets and other investments not included in Cash and Cash Equivalents as defined above and “Financing Activities” means activities that result in changes in the size and composition of the equity capital and borrowings of BESCOM;
Operating Activities means solely the exploitation of the use of the Mineral the plastics or paint/coatings industries. All Purchase Price and Royalty Payments first becoming due and payable after the end of the calendar quarter in which the Positive Net Cash Flow test is satisfied shall be timely paid by VitroCo to the Mining Companies and Hi-Tech, as the case may be, as otherwise provided in this paragraph 3. After the payment of all such current Purchase Price and Royalty Payments, within ten (10) days after the end of each calendar quarter, VitroCo shall pay to the Private Companies all Positive Net Cash Flow from Operating Activities, as shown on the Consolidated Net Cash Flow for VitroTech Corporation, until such time as all of the deferred Purchase Price and Royalty Payments are paid. The foregoing "cash flow positive" limitation shall expire on December 31, 2005, regardless of whether or not VitroTech is or has ever been cash flow positive. At that point in time, any then unpaid Purchase Price or Royalties shall be due and payable. The foregoing shall not apply to the payment of Pre-Modification Delinquencies, which are the subject of paragraph 1 above. VitroCo's obligation to advance on the Mining Companies' behalf certain costs and expenses relating to the properties which are the subject of the Mining Contracts are not subject to the limitations contained in this "cash flow positive" provision, and VitroCo shall timely pay same, irrespective of their cash position.