Common use of Annual Mining Plan Clause in Contracts

Annual Mining Plan. On or before October 1 of each calendar year during the term of this Agreement, SABINE shall provide to SWEPCO in writing a mining plan covering the operation of the Mine for the next calendar year ("Annual Mining Plan"). Such Annual Mining Plan shall include, but not be limited to, the following items for activities during the following calendar year: (i) an estimated capital budget containing estimates of all capital expenditures and commitments; (ii) an estimate of all operating costs and expenses in such detail as SWEPCO may reasonably request; and (iii) an estimated monthly cash flow statement containing estimates of the cash requirements for the capital and operating budgets prepared pursuant to this subsection. The Annual Mining Plan shall also include the details of an incentive compensation plan for SABINE’s employees (except for SABINE’s employees who are participants in a plan of an Affiliate of SABINE).

Annual Mining Plan. On or before October 1 of each calendar year during the term of this Agreement, SABINE shall provide to SWEPCO in writing a mining plan covering the operation of the Mine for the next calendar year ("Annual Mining Plan"). Such Annual Mining Plan shall include, but not be limited to, the following items for activities during the following calendar year: (i) an estimated capital budget containing estimates of all capital expenditures and commitments; (ii) an estimate of all operating costs and expenses in such detail as SWEPCO may reasonably request; and (iii) an estimated monthly cash flow statement containing estimates of the cash requirements for the capital and operating budgets prepared pursuant to this subsection. The Annual Mining Plan shall also include the details of an incentive compensation plan for SABINE’s 's employees (except for SABINE’s 's employees who are participants in a plan of an Affiliate of SABINE).