Funding of Exploration Activities Sample Clauses

Funding of Exploration Activities. Prior to the commencement of each contract year, Piedmont shall prepare a general plan and budget (“Plan”) setting forth the description and amount of Piedmont’s proposed exploration expenditures for the year. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, Piedmont, as Manager during the earn-in period, shall have the final say regarding the Plan. Piedmont may add an overhead fee of ten percent (10%) to all expenditures (except the claim maintenance fees described in Section 1.4 below) as a credit toward its work requirement for that year. Piedmont may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Services Agreement attached hereto as Exhibit B.
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Funding of Exploration Activities. Concurrent with the execution of this Agreement, NGC will open the “NGC Lapon Canyon Account” at the Nxxx Rd. branch of U.S. Bank in Reno, Nevada. This account shall be used exclusively to pay costs associated with the Lapon Canyon Project. Prior to the commencement of each contract quarter, WRR shall prepare a general plan and budget (“Plan”) setting forth the description and amount of WRR’s proposed exploration expenditures for the quarter. NGC shall review and comment upon the Plan within fifteen (15) days of its submission. However, WRR, as Operator during the earn-in period, shall have the final say regarding the Plan.
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract year, White Bear shall prepare a Work Plan and Budget (“Plan”) setting forth the description and amount of White Bear’s proposed expenditures. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, White Bear, as Operator during the earn-in period, shall have the final say regarding the Plan. White Bear may charge an overhead fee of ten percent (10%) on all expenditures except the claim maintenance fees described in Section 1.4 below. White Bear may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Service Agreement attached hereto as Exhibit D.
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract Year, Queensgate shall prepare a Work Plan and Budget (“Plan”) setting forth the description and amount of Queensgate’s proposed Exploration Expenditures. Miranda shall review and comment upon the Plan within fifteen (15) days of its submission. However, Queensgate, as Operator during the earn-in period, shall have the final say regarding the Plan. Queensgate may charge a management fee of ten percent (10%) on all Exploration Expenditures, except the federal annual mining claim maintenance fees and the county Affidavits and Notices of Intent to Hold paid pursuant to Section 1.5 below, lease payments paid pursuant to Section 1.6 below and costs paid to outside contractors). Queensgate may, in its sole discretion, elect to nominate Miranda as its contractor to plan and implement exploration activities on the Property in accordance with the Service Agreement attached hereto as Exhibit D. If Queensgate fails to propose a budget within three (3) months following the beginning of a contract Year, Miranda shall have the right, but not the obligation, to propose its own work plan and budget. If Queensgate fails to participate in the plan, Miranda may elect to become operator, and Queensgate’s interest shall be diluted in accordance with Section 3 below.
Sample 1
Funding of Exploration Activities. Prior to the commencement of each contract year, Columbus shall prepare a Work Plan and Budget (“Plan”) setting forth the amount of Piedmont’s required expenditures. Piedmont shall review and approve (or request modifications to) the Plan within fifteen (15) days of its submission. Following approval of the Plan by both Piedmont and Columbus, Piedmont shall be obligated to respond to quarterly cash calls within thirty (30) days of receipt. Columbus shall have the right to charge Piedmont as overhead the total Cordex overhead multiplied by that proportional share of Cordex’s total exploration expenditures represented by the Dutch Flat Project for the previous quarter, showing how this charge was computed.
Sample 1
Funding of Exploration Activities. Concurrent with the execution of this Agreement, Carlin US will open the “Carlin US-Willow Creek Account” at the Virginia Street main branch of U.S. Bank in Reno, Nevada. Piedmont’s check for THREE HUNDRED THOUSAND DOLLARS ($300,000.00) will be deposited into this Account, representing the first year’s binding work commitment. These funds shall be used exclusively to pay costs associated with the Willow Creek Project. Piedmont and Carlin US shall form an exploration budget committee (“Budget Committee”) comprised of representatives for each of Piedmont and Carlin US. The initial representatives shall be Xxx Xxxxxxxxx for Piedmont and Xxxxxx Xxxxxx for Carlin US. The Budget Committee shall agree on the initial work program which will be funded by Piedmont’s initial $300,000 payment. During the term of this Agreement, Exploration Expenditure budgets beyond the initial commitment shall be made monthly or for such longer periods as agreed to by the Budget Committee. An agreed upon budget shall be funded in full by Piedmont within fifteen (15) days of written notice by the Budget Committee by check to the Carlin US-Willow Creek Account and in any event prior to commencement of any exploration activity by Carlin US pursuant to the Agreement. If the Budget Committee is unable to reach a consensus with respect to the exploration program during the earn-in period, Piedmont’s representative shall have the deciding vote. Carlin US, while operator of the Willow Creek Project, will receive, review, and approve individual invoices for services and materials associated with the Project. Carlin US will forward approved invoices to Piedmont’s representative, presently Lew Xxxxxxxxx, for Piedmont’s review and approval. If written approval has not been received within 48 hours, invoices will be deemed to be approved. Approved invoices will then be returned to Carlin US for payment, with copies forward to Xxxxxx Xxxxxxx of Piedmont and Xx. Xxxxx Xxxx, Piedmont’s independent Certified Public Accountant. Carlin US will then be authorized to write and issue checks or other payment for the approved invoices. Carlin US shall be authorized to pay bills of less than $1,000.00 without approval by Piedmont and will submit copies of receipts for such expenditures to Piedmont. U.S. Bank will send monthly statements for the Carlin US-Willow Creek Account to Carlin US, along with originals or copies of the checks paid. Carlin will in turn forward monthly statements and copies of checks pa...
Sample 1

Related to Funding of Exploration Activities

  • Commercialization Activities Within North America, the Parties will use Commercially Reasonable Efforts to Commercialize Licensed Products in the Field. In addition, within North America and subject to Section 2.7.6, the Parties will use Commercially Reasonable Efforts to conduct the Commercialization activities assigned to them pursuant to the Commercialization Plan/Budget, including the performance of detailing in accordance therewith. In conducting the Commercialization activities, the Parties will comply with all Applicable Laws, applicable industry professional standards and compliance policies of Celgene which have been previously furnished to Acceleron, as the same may be updated from time to time and provided to Acceleron. Neither Party shall make any claims or statements with respect to the Licensed Products that are not strictly consistent with the product labeling and the sales and marketing materials approved for use pursuant to the Commercialization Plan/Budget.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Investment Management and Related Activities Except as set forth on Schedule 3.25 of the Company Disclosure Schedule, none of the Company, any of its Subsidiaries or the Company’s or its Subsidiaries’ directors, officers or employees is required to be registered, licensed or authorized under the laws or regulations issued by any Governmental Authority as an investment adviser, a broker or dealer, an insurance agency or company, a commodity trading adviser, a commodity pool operator, a futures commission merchant, an introducing broker, a registered representative or associated person, investment adviser, representative or solicitor, a counseling officer, an insurance agent, a sales person or in any similar capacity with a Governmental Authority.

  • LIMITED ACTIVITIES Except for activities in connection with the Offering, the Formation Transactions or in the ordinary course of business, the Operating Partnership and the Operating Partnership Subsidiaries have not engaged in any material business or incurred any material obligations.

  • Commercialization Plan On a Product by Product basis, not later than sixty (60) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory, the MSC shall prepare and approve a rolling multiyear (not less than three (3) years) plan for Commercializing such Product in the Copromotion Territory (the "Copromotion Territory Commercialization Plan"), which plan includes a comprehensive market development, marketing, sales, supply and distribution strategy for such Product in the Copromotion Territory. The Copromotion Territory Commercialization Plan shall be updated by the MSC at least once each calendar year such that it addresses no less than the three (3) upcoming years. Not later than thirty (30) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory and thereafter on or before September 30 of each calendar year, the MSC shall prepare an annual commercialization plan and budget (the "Annual Commercialization Plan and Budget"), which plan is based on the then current Copromotion Territory Commercialization Plan and includes a comprehensive market development, marketing, sales, supply and distribution strategy, including an overall budget for anticipated marketing, promotion and sales efforts in the upcoming calendar year (the first such Annual Development Plan and Budget shall cover the remainder of the calendar year in which such Product is anticipated to be approved plus the first full calendar year thereafter). The Annual Commercialization Plan and Budget will specify which Target Markets and distribution channels each Party shall devote its respective Promotion efforts towards, the personnel and other resources to be devoted by each Party to such efforts, the number and positioning of Details to be performed by each Party, as well as market and sales forecasts and related operating expenses, for the Product in each country of the Copromotion Territory, and budgets for projected Pre-Marketing Expenses, Sales and Marketing Expenses and Post-Approval Research and Regulatory Expenses. In preparing and updating the Copromotion Territory Commercialization Plan and each Annual Commercialization Plan and Budget, the MSC will take into consideration factors such as market conditions, regulatory issues and competition.

  • Distribution Activities All distribution activities engaged in by Distributor and its Representatives with respect to the Contracts shall be in compliance with all applicable federal and state securities laws and regulations, with NASD Rules, as well as with all applicable insurance laws and regulations, including any laws and regulations related to suitability, any other applicable federal or state law, rule, or regulation, and any of the policies and procedures that NW may issue from time to time. In particular, without limiting the generality of the foregoing:

  • Commercialization Plans As soon as practicable after formation of the JCC (following Acucela’s exercise of an Opt-In Right under Section 3.1), the JCC shall prepare and approve the initial Commercialization Plan for Commercialization of the Licensed Product for the Initial Indication in the Initial Formulation (and, if applicable, any New Formulation or Other Indication Product) in the Territory. The Parties shall use Commercially Reasonable Efforts to ensure that such initial Commercialization Plan for Commercialization of the Licensed Product for the Initial Indication in the Initial Formulation is consistent with the general Commercialization Plan outline set forth in Exhibit C attached hereto and incorporated herein (the “General Commercialization Plan Outline”). The JCC shall prepare and approve a separate Commercialization Plan for Commercialization of Licensed Product for the Initial Indication in the Initial Formulation in the Territory and for Commercialization of each Other Indication Product and New Formulation (if any) in the Territory, and shall update and amend each Commercialization Plan not less than annually or more frequently as needed to take into account changed circumstances or completion, commencement or cessation of Commercialization activities not contemplated by the then-current Commercialization Plan. Amendments and revisions to the Commercialization Plan shall be reviewed and discussed, in advance, by the JCC, and Otsuka agrees to consider proposals and suggestions made by Acucela regarding amendments and revisions to the Commercialization Plan. Any amendment or revision to the Commercialization Plan that provides for an increase or decrease in the number of FTEs for any Phase 3b Clinical Trials or Post-Approval Studies as compared to the previous version of the Commercialization Plan, or that provides for addition or discontinuation of tasks or activities as compared to the previous version of the Commercialization Plan, or that moves forward the timetable for activities reflected in the Commercialization Plan, shall provide for a reasonable ramp-up or wind-down period, as applicable, to accommodate a smooth and orderly transition of Commercialization activities to the amended or revised Commercialization Plan. Each Commercialization Plan shall identify the goals of Commercialization contemplated thereunder and shall address Commercialization (including Co-Promotion) activities related to the Licensed Product (including, if applicable, any Other Indication Product), including:

  • Services to Other Clients; Certain Affiliated Activities (a) The relationship between the Asset Manager and the Series is as described in this Agreement and nothing in this Agreement, none of the services to be provided pursuant to this Agreement, nor any other matter, shall oblige the Asset Manager to accept responsibilities that are more extensive than those set forth in this Agreement.

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

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