Common use of Activities During Deadlock Clause in Contracts

Activities During Deadlock. If the Management Committee for any reason fails timely to adopt any Annual Operating Plan after the First Annual Operating Plan, the Operator shall have authority to continue Operations sufficient to maintain the Assets, to comply with and fulfill all the requirements of all Licenses, to fulfill existing contracts, to comply with Laws, and, if production has commenced when the deadlock occurs, to maintain or initiate production levels consistent with the Annual Operating Plan that has previously been approved by the Management Committee. The Company shall provide funding for such Operations during deadlock and reimburse the Operator as provided in this Agreement.

Activities During Deadlock. If the Management Committee for any reason fails timely to adopt any Annual Operating Plan after the First Annual Operating PlanPlan or a Minimum Budget, the Operator shall have authority to continue Operations sufficient to maintain the Assets, to comply with and fulfill all the requirements of all Licenses, to fulfill existing contracts, to comply with Laws, and, if production has commenced or Development of a mine has proceeded to near completion when the deadlock occurs, to maintain or initiate production levels consistent with the Annual Operating Plan that has previously been approved by the Management Committee. The Company shall provide funding for such Operations during deadlock and reimburse the Operator as provided in this Agreement.