Cash Flow Statements. The Manager shall submit to the Owner on or before the 20th day of each calendar month a cash flow estimate for the Kami Project for the next calendar month which shall show: (a) separately the estimated cash disbursements which the Manager predicts that it will be required to make for items constituting costs in connection with the performance of services hereunder during the next calendar month; and (b) the amounts, if any, which were credited to the Project Account (as defined below)in the immediately preceding calendar month.
Appears in 2 contracts
Sources: Management Agreement (Alderon Iron Ore Corp.), Subscription Agreement (Alderon Iron Ore Corp.)