Examples of Incur in a sentence
To earn a 51% interest in the property, Acacia must:• Incur a minimum of US$100,000 in exploration expenditures on the property within 12 months of the effective date (completed);• Make a US$100,000 cash payment to the Company within 15 days of date that the initial US$100,000 exploration expenditures are ratified (received June 30, 2012); and• Incur a further US$500,000 in exploration expenditures on the properties within 24 months of date that the initial US$100,000 exploration expenditures are ratified.
This distribution will be reported to the IRS and may result in unfavorable consequences to you under Federal and state tax laws.You May Incur Losses.
Other expenses authorized by the Appointing Authority and approved in advance by the Commissioner of Minnesota Management and Budget (MMB).An approved Request to Incur Special Expense Form must accompany individual Employee Expense Reports requesting department reimbursement for these special expenses and/or any invoices for such expenses to be paid directly by the department.
Should the 51% election be earned, to earn an additional 24% interest in the Kakamega Property, Acacia must:• Incur an additional US$1,000,000 in exploration expenditures on the property within 24 months of earning a 51% interest (completed).