Initial Participating Interests Sample Clauses
The "Initial Participating Interests" clause defines the specific ownership shares or stakes that each party holds in a joint venture, project, or agreement at the outset. Typically, this clause details the percentage or proportion of interest allocated to each participant, often based on their initial contributions, investments, or negotiated terms. By clearly establishing these initial interests, the clause ensures transparency and prevents future disputes over ownership or entitlement, providing a clear baseline for profit sharing, decision-making, and future adjustments.
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Initial Participating Interests. The Participants shall have the following initial Participating Interests: SVB – 80% CB – 20%
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Uranium Power 50% USE Parties 50%
Initial Participating Interests. Effective as of the date of this Agreement, the Participants shall have the following "Initial Participating Interests" in the Venture: Duncan Park - 75% and Sphere - 25%.
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Golden Phoenix 50% Borealis 50%
Initial Participating Interests. Subject to sections 5.5 and 5.6, the Participants shall have the following Initial Participating Interests in the Venture: Richmont - 55% P▇▇▇▇▇▇▇ - 45% or Richmont - 25% + 1% for each $166,666.67 expended by Richmont in excess of $5 million P▇▇▇▇▇▇▇ - 75% - 1% for each $166,666.67 expended by Richmont in excess of $5 million For greater certainty and without limitation, in the event the provisions of section 5.6 are operative, the calculation of the initial interests of the Participants shall be calculated as at the point in time at which Richmont elects to cease to make further expenditures in accordance with such section 5.6. Moreover, if in the event Richmont has given notice of its election to put the Properties into Commercial Production under section 5.2 and has failed to incur expenditures under the Commercial Production Program of $5 million, then Richmont shall be deemed to have irrevocably withdrawn from the Venture and this Agreement shall forthwith be terminated without any liability on the part of any party therefor.
Initial Participating Interests. The Participants shall have the following initial Participating Interests: Stirrup Creek - 75% Forefront - 25%
Initial Participating Interests. The Participants shall have the following initial Participating Interests: T▇▇▇▇▇▇▇ Creek - 75% Nissho Iwai - 25%
Initial Participating Interests. The initial Participating Interests of the Participants shall be as follows: Red Lake - 50% Fronteer - 50%
Initial Participating Interests. The Participants shall have the following initial Participating Interests: FGMI 70% ▇▇▇▇▇ 30%.
Initial Participating Interests. The initial Participating Interests of the Participants shall be as follows: ▇▇▇▇▇▇ 55% Q-Gold 45%