Deficiencies in Expenditures. If Fronteer has not incurred the requisite Expenditures to maintain the Option in good standing as specified in paragraph , Fronteer may pay, within 60 days, the amount of the deficiency in cash and such amount shall thereupon be deemed to have been Expenditures incurred by Fronteer.
Appears in 2 contracts
Sources: Memorandum of Understanding (Fronteer Development Group Inc), Memorandum of Understanding (Fronteer Development Group Inc)
Deficiencies in Expenditures. If Fronteer has not incurred the requisite Expenditures to maintain the Option in good standing as specified in paragraph section 2, Fronteer may pay, within 60 days, the amount of the deficiency in cash and such amount shall thereupon be deemed to have been Expenditures incurred by Fronteer.
Appears in 1 contract
Sources: Memorandum of Understanding (Fronteer Development Group Inc)