Deadlock on Proposed Programs and Budgets. If the Participants, acting through the Management Committee, fail to approve a Program and Budget by the beginning of the period to which the proposed Program and Budget applies, the provisions of Sections 8.7 and 12.2 shall apply.
Appears in 3 contracts
Sources: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)
Deadlock on Proposed Programs and Budgets. If the Participants, acting through the Management Committee, fail to approve a Program and Budget for the Property by the beginning of the period to which the proposed Program and Budget applies, the provisions of Sections 8.7 Subsections 7.5 and 12.2 8.11 shall apply.
Appears in 3 contracts
Sources: Joint Venture Agreement (Southern Energy Company, Inc.), Joint Venture Agreement (Siga Resources Inc.), Joint Venture Agreement (Siga Resources Inc.)
Deadlock on Proposed Programs and Budgets. If the Participants, acting through the Management Committee, fail to approve a Program program and Budget by the beginning of the period to which the proposed Program and Budget applies, the provisions of Sections Section 8.7 and 12.2 shall apply.
Appears in 2 contracts
Sources: Joint Venture Agreement (Trend Mining Co), Joint Venture Agreement (Aurora Metals Bvi LTD)