Prudent Operations Sample Clauses

Prudent Operations. Borrower shall prudently develop, and cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereof.
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Prudent Operations. The ores (even after undergoing some type of treatment) extracted and recovered from the Properties, may be commingled with ores (even after undergoing some type of treatment) with a similar composition extracted from other mining Properties other than the Properties. All determinations required for the calculation of the Net Smelter Returns, including, without limitation, the metal grade of ores extracted from the Properties, and the metal grade or amount of metal recovered from such ores, shall be made by BONGARA in accordance with prudent engineering, metallurgy and cost accounting practices. ******************** <PAGE> ANNEX E
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Prudent Operations. DOT&PF will manage the Airport System in a prudent and reasonable manner.
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Prudent Operations. Partnership Manager, in the performance of its obligations and the exercise of its authority undertakes to use its best efforts to conduct all operations as a reasonably prudent manager.
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Prudent Operations. Except as otherwise contemplated in this Agreement or as set forth in the Company Disclosure Letter, and subject to the fiduciary duties of the Company's directors under applicable law, from the date of this Agreement to the Closing Date (except for transactions to which any Purchaser is a party or as otherwise contemplated by the terms of this Agreement), (i) prior to the filing of the Bankruptcy Case, if any, the Company shall, and shall cause its Subsidiaries to, operate their businesses consistent with prudent industry practices taking into account the Company's financial condition; and (ii) after the Bankruptcy Case has been filed, the Company shall operate its business and the business of its Subsidiaries in all material respects in compliance with the Bankruptcy Code and any orders entered by the Bankruptcy Court in the Bankruptcy Case, and shall use commercially reasonable efforts to seek and obtain approval of the Bankruptcy Court to operate such businesses consistent with prudent industry practices taking into account the Company's financial condition. To the extent consistent with the foregoing, the Company shall use commercially reasonable efforts to preserve intact its current officers and employees and preserve its relationships with customers, suppliers, licensors, licensees, distributors and others having business dealings with it, in each case consistent with prudent industry practices taking into account the Company's financial condition. Without limiting the generality of the foregoing, and except as otherwise contemplated by this Agreement or referred to in the Company Disclosure Letter, pursuant to the transactions contemplated hereby and any related agreements or as may be approved by the Purchaser Representative, the Company shall not, and shall not permit any of its Subsidiaries to:
Sample 1
Prudent Operations. The Issuer shall prudently develop, and cause the Properties to be prudently operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereof.
Sample 1
Prudent Operations. The Grantor agrees that any development, maintenance or operations on the Lands which it conducts, will be conducted and carried on with reasonable and prudent business judgment and in accordance with sound oil and gas field practices.
Sample 1
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Prudent Operations. Subject to the provisions of this Lease, LESSEE shall test for, collect, treat, process and market the Refuse Gas and/or Constituent Products produced by the Landfill as a reasonably prudent operator. In discharging this obligation, LESSEE shall be responsible, in its sole discretion, for determining all operational plans and details (excepting the placement of xxxxx and collection facilities on the Landfill) directly affecting production and processing to ensure a workable system having the greatest recovery potential; provided, however, that LESSEE shall conduct its testing program, construction activities and operations in such a manner so as not to interfere with LESSOR's use and/or maintenance of the Landfill, unless LESSOR otherwise consents. XXXXXX shall inform XXXXXX of all significant planning, design, expansion, and construction meetings concerning any Refuse Gas collection activities. XXXXXX shall invite XXXXXX to attend and provide comments concerning all Refuse Gas collection activities at the Landfill. As to placement of xxxxx and collection facilities including the Refuse Gas Collection System, it is agreed that prior to testing and before installation of any equipment or operational facilities in or upon the Landfill, LESSEE shall furnish LESSOR with the Refuse Gas collection System grid-well layout and development plans attendant thereto. LESSOR shall have fifteen (15) working days from such submittal in which to review such plans and advise LESSEE of XXXXXX's approval (which shall not be unreasonably withheld) or any specific objections, silence being deemed an approval. The parties shall endeavor in good faith to resolve said objection(s) within ten (10) working days thereafter, but should the parties be unable to resolve such objection(s), XXXXXX and LESSEE shall mutually designate, within ten (10) working days thereafter, a disinterested third person arbitrator who shall, within thirty (30) days thereafter, formulate a resolution which will be binding upon LESSOR and LESSEE. It is further understood that LESSEE shall use its best efforts to procure the highest sales revenues reasonably obtainable for the Refuse Gas and/or Constituent Products produced and marketed from the Landfill. Although the implementation of a gas enhancement or stimulation program is unanticipated by the parties with respect to Refuse Gas production, it is agreed that any such enhancement type program will be undertaken only with XXXXXX's prior written consent, s...
Sample 1
Prudent Operations. The ores (even after undergoing some type of treatment) extracted and recovered from the PROPERTIES, may be commingled with ores (even after undergoing some type of treatment) with a similar composition extracted from other mining properties other than the PROPERTIES. All determinations required for the calculation of the Net Smelter Returns, including, without limitation, the metal grade of ores extracted from the PROPERTIES, and the metal grade or amount of metal recovered from such ores, shall be made by THE ACQUIRER in accordance with prudent engineering, metallurgy and cost accounting practices. ******************* EXHIBIT C Issuance of Consideration Shares Name and Address Number of Common Shares Xxxxx De Melt 000 Xxxx Xxxxxx Xxxxxx, X.X. X0X 4S1 2,200,000 Xxxxxxx Xxxxxxx Xx Xxxx 000 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 1,580,000 Xxxxxxx Ore Lamilla 0000 Xxxxxx Xxxxx, Xxx. 000 Xxxxx Xxxxxxxxx, X.X. X0X 0X0 1,000,000 Quo Vadis United Ltd. Jasmine Court 00X Xxxxxx Xxxxxx Xxxxxx Xxxx, Xxxxxx 1,000,000 Xxxxxxxx Xxxxxxx 00000 Xxxxx Xxxxxx Xxxx Xxxxx, X.X. X0X 0X0 1,000,000 Xxxxxxxx Xxx 000-0000 Xxxxxx Xxxxxx Vancouver, B.C. V6Z 2H2 1,000,000 Xxxx Xxx 000 Xxxx 00xx Xxxxxx Xxxxx Xxxxxxxxx, X.X. X0X 0X0 1,000,000 Xxxx Xxxxxxxx Xxxxx 000 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 1,000,000 Banjamin Xxxxxxxxx Xxxxx Xxxxxxxx 810 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 100,000 Xxxxxxx Ore Lamilla 000 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 20,000 Xxxx Xxxxxx Xxxxxxxx Yupangui 810 Malecon Xxxxxxxx Miraflores Xxxx 00 Xxxx 50,000 Name and Address Number of Common Shares Xxxxxx Xxxxxxx Xxxxx 000 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 20,000 Xxxxxxx Xxxxxxx Xxxxxxxx Xxxxxxxx 810 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 20,000 Xxxxxxx Xxxxxxxxx Xxxxxxx 000 Xxxxxxx Xxxxxxxx Xxxxxxxxxx Lima 18 Peru 10,000 TOTAL: 10,000,000 EXHIBIT D Investor Certificate This Investor Certificate is being delivered in connection with the transactions contemplated in that certain Master Purchase Agreement (the “Agreement”) by and among Black Tusk Minerals Inc., a Nevada corporation (the “Company”), Black Tusk Minerals Peru SAC, a Peruvian corporation (“Black Tusk Peru”), and the other persons set forth on the signature pages thereto. Under the terms of the Agreement, the Undersigned will be issued common shares of the Company (the “Shares”) from time to time. The Undersigned understands that the Company is relying on this information in determining to offer securities to the undersi...
Sample 1

Related to Prudent Operations

  • Co-operation 1. The Parties shall take all appropriate and necessary measures to ensure fulfilment of the obligations and objectives arising out of this programme agreement.

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

  • Profitable Operations Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting period) to be less than $1.00.

  • No Operations Buyer does not currently have any business operations or material assets. Upon consummation of the Transactions, Buyer shall not have in excess of $10,000 in debts, obligations or liabilities of any kind or nature.

  • Interim Operations (a) The Company covenants and agrees as to itself and its Subsidiaries that, from and after the execution of this Agreement and prior to the Effective Time (unless Parent shall otherwise approve in writing, which approval shall not be unreasonably withheld, conditioned or delayed, and except as (1) required by applicable Law, (2) expressly required by this Agreement or (3) otherwise expressly disclosed in Section 6.1(a) of the Company Disclosure Letter), the Company shall use its reasonable best efforts to conduct its business and the business of its Subsidiaries in the ordinary course of business consistent with past practice and each of the Company and its Subsidiaries shall, subject to compliance with the specific matters set forth below, use reasonable best efforts to preserve its business organization intact and maintain the existing relations and goodwill with Governmental Entities, customers, suppliers, distributors, licensors, creditors, lessors, employees and business associates and others having material business dealings with it and keep available the services of the Company and its Subsidiaries’ present employees and agents. Without limiting the generality of, and in furtherance of, the foregoing, the Company covenants and agrees as to itself and its Subsidiaries that, from and after the date of this Agreement and prior to the Effective Time, except (A) as required by applicable Law, (B) as Parent may approve in writing (such approval not to be unreasonably withheld, conditioned or delayed), (C) as expressly disclosed in Section 6.1(a) of the Company Disclosure Letter or (D) as expressly provided for in this Agreement, the Company shall not and will not permit any of its Subsidiaries to:

  • Operations As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities and activities in connection with offerings of its securities.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • Business Operations Company will provide all necessary equipment, personnel and other appurtenances necessary to conduct its operations. Company will conduct its business operations hereunder in a lawful, orderly and proper manner, considering the nature of such operations, so as not to unreasonably annoy, disturb, endanger or be offensive to others on the Airport. Company will provide all services under this Agreement on a fair and reasonable basis to all users of the Airport. Service will be prompt, courteous and efficient.

  • Joint Operating Agreement (JOA) Within six (6) months from the Effective Date, the Participants shall enter into the Joint Operating Agreement which shall embody the principles stipulated in this JOA Heads of Agreement and it may include such other provisions as customarily used by international petroleum industry and shall continue in effect as long as the Contract is in effect. (End of Addendum One)

  • Ethical Business Practices The Contractor shall work in partnership with the State to ensure a successful and valuable contract, and ethical practices are required of State employees, Contractors, and all parties representing the Contractor. All work performed under this Contract will be subject to review by the Inspector General of the State of Florida, and any findings suggesting unethical business practices may be cause for termination or cancellation.

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