![]() Redevelopment project means any public and private development project in furtherance of the objectives of a redevelopment plan. Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan Project means specific activities of the Grantee that are supported by funds provided under this Contract.Ĭonstruction project means any work carried out in connection with the construction, alteration, conversion, fitting‑out, commissioning, renovation, repair, maintenance, refurbishment, demolition, decommissioning or dismantling of a structure where the cost of the work is $250 000 or more The classification of “Construction in Progress” will cease on the earlier to occur of (A) the time that such Property has an Occupancy Rate of greater than eighty percent (80%), and (B) one hundred eighty (180) days after completion of construction, renovation or expansion of such Property, as applicable.Ĭondominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners. Pilot project means an initial short-term method to test or apply an innovation or concept related to the operation, management or design of a local detention facility pursuant to application to, and approval by, the Board.Ĭonstruction in Progress means (a) a Property with new ground up construction, (b) a Property under renovation in which (i) greater than thirty percent (30%) of the square footage of such Property is unavailable for occupancy due to renovation and (ii) no rents are being paid on such square footage or (c) a building expansion. Subject to this Act and the Agreement, the Company, its servants, agents and Contractors must observe and comply with all Acts or laws in force in the Territory applying in any way to the Merlin Project. The Merlin Project is located some 100 km south of the settlement of Borroloola and comprises 14 kimberlite pipes, grouped into four clusters. The Company wishes to commence development of the Merlin Project. The Company holds a 62.0% interest in Ivanhoe Australia Limited (“Ivanhoe Australia”), which is developing its copper-gold discoveries in the Cloncurry region of Queensland, Australia, and also is planning the development of its wholly-owned Merlin Project, a high-grade molybdenum and rhenium deposit.ĭuring its short operational life, the Merlin Project was renowned for its production of top quality white, yellow, cognac and champagne diamonds and large specials, the largest being104.73 carats. The President shall be the superior officer of the Executive Vice Presidents, Senior Vice Presidents, Vice Presidents and all other officer positionscreated by the Board of Directors unless the Board of Directors provides otherwise. NWN holds a portfolio of nickel exploration projects, including the Ruins Project, located adjacent to the recent nickel sulphide discoveries reported by Buxton Resources (“Buxton”, ASX: BUX) at its Merlin Project.The Ruins Project is located immediately south-east of Buxton’s Merlin Project and is considered highly prospective for nickel sulphides as well as other associated metals (Cu, Co and PGEs), having similar geology and proximity to the Merlin discovery. Income source (Section 8, etc.) accounted for 3% of filings over the five-year period. This Act may be cited as the Merlin Project Agreement Ratification Act 1998. This Agreement is governed by the laws in force in the Northern Territory of Australia and, the Company shall comply with all applicable laws of the Commonwealth and, subject to this Agreement, all laws of the Territory applicable to the Merlin Project.
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