Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator for a period of one year or any longer period. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management Committee. During the period encompassed by any Program and Budget, and at least three months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator and submitted to the Participants.
Appears in 2 contracts
Sources: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)
Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator Manager for a period of up to one year or any longer periodyear. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at one of the annual meeting quarterly meetings of the Management Committee. During the period encompassed by any Program and Budget, and at least three months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator Manager and submitted to the ParticipantsManagement Committee.
Appears in 2 contracts
Sources: Joint Venture Agreement (Trend Mining Co), Joint Venture Agreement (Aurora Metals Bvi LTD)
Presentation of Programs and Budgets. Proposed Programs and Budgets shall be prepared by the Operator for a period of one year or any longer period. Each adopted Program and Budget, regardless of length, shall be reviewed at least once a year at the annual meeting of the Management Committee. During the period encompassed by any Program and Budget, and at least three months prior to its expiration, a proposed Program and Budget for the succeeding period shall be prepared by the Operator and submitted to the Participants.. Each such proposed Program and Budget shall be in a form and degree of detail substantially similar to Exhibit E.
Appears in 1 contract