Due Date for Contributions. Contributions so requested shall be received by the Joint Venture on or before the 20th day following the date of the cash call (or such other date as the Board of Directors may amend from time to time). The amount of any such Contribution payable in advance shall be calculated by the Chairman having regard to the amount of previous Contributions and the anticipated level of Project Expenditure in the relevant following months.
Appears in 2 contracts
Sources: Joint Venture Contract (Minco Mining & Metals Corp), Joint Venture Agreement (Minco Mining & Metals Corp)
Due Date for Contributions. Contributions so requested shall be received by the Joint Venture on or before the 20th day following the date of the cash call (or such other date as the Accounting Procedure shall set out or the Board of Directors may amend from time to time). The amount of any such Contribution payable in advance shall be calculated by the Chairman having 40 32. regard to the amount of previous Contributions and the anticipated level of Project Expenditure in the relevant following months.
Appears in 1 contract
Sources: Joint Venture Contract (Minco Mining & Metals Corp)