Project Sanction AFE definition

Project Sanction AFE has the meaning given to such term in Section 5.13(c).
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Project Sanction AFE means a plan to construct a mine, mill and all related infrastructure for the Project, together with the associated budget and financing plan, that is adopted by GCP (or its successor).
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Examples of Project Sanction AFE in a sentence

  • After the date of a Project Sanction AFE, each Member may, for its own account, provide, maintain and pay for any form of insurance coverage (including any internal insurance products such Member has available to it, from time to time) which that Member in its discretion deems necessary or desirable to protect itself or its Ownership Interest.

  • Notwithstanding any other provision of this Article 17, from the Effective Date until the date of a Project Sanction AFE, each Member shall, for its own account, maintain and pay for insurance coverage from reputable insurance companies necessary to protect itself and its Ownership Interest.

  • The Purchaser shall forthwith provide the Vendor with written notice of the completion of a Pre-Feasibility Study, the completion of a Feasibility Study and the approval of the Project Sanction AFE.

  • For greater certainty, the undersigned shall have no obligation to make any payment until the occurrence of either a Project Sanction AFE Approval or the Initiation of Construction.

  • Following the preparation of the draft Initial Construction Program and Budget, together with a draft Funding Plan in respect thereof, the Management Team shall submit such draft documents, together with the recommendation thereon of the Finance and Audit Committee, to the Board of Managers for its consideration and approval as part of a Project Sanction AFE under Section 5.13.