Common use of Disposition of Assets on Termination Clause in Contracts

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 or 13.2, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.

Appears in 4 contracts

Sources: Joint Venture Agreement, Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 12.1 or 13.212.2, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.

Appears in 4 contracts

Sources: Exploration, Development and Mine Operating Agreement (Thompson Creek Metals CO Inc.), Exploration, Development and Mine Operating Agreement (Midway Gold Corp), Exploration, Development and Mine Operating Agreement (Miranda Gold Corp)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 SECTIONS 12.1 or 13.212.2, the Manager shall take all action necessary to wind up the activities of the Business. , in accordance with EXHIBIT C. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.

Appears in 2 contracts

Sources: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 11.1 or 13.211.2, the Manager shall take all action necessary to wind up the activities of the Business. All Venture and to dispose of or distribute the Assets, and all costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business AccountVenture.

Appears in 2 contracts

Sources: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 12.1 or 13.212.2, the Manager shall take all action necessary to wind up the activities of the Business. , in accordance with Exhibit C. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.

Appears in 2 contracts

Sources: Exploration, Development and Mine Operating Agreement (Canyon Resources Corp), Exploration, Development and Mine Operating Agreement (Royal Gold Inc /De/)

Disposition of Assets on Termination. Promptly after termination of the Agreement under Sections 13.1 or 13.2Section 16.1, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.

Appears in 1 contract

Sources: Exploration, Development and Mine Operating Agreement (Us Energy Corp)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 12.1 or 13.212.2 , the Manager shall take all action necessary to wind up the activities of the Business. Venture, in accordance with Exhibit C. All costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business Venture Account.

Appears in 1 contract

Sources: Venture Agreement (Uranerz Energy Corp.)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 or 13.2Section 11.1, the Manager shall take all action necessary to wind up the activities of the Business. Company, in accordance with Exhibit E. All costs and expenses incurred in connection with the termination of the Business Company shall be expenses chargeable to the Business Account.

Appears in 1 contract

Sources: Exploration, Development & Mine Operating Agreement (Crosshair Exploration & Mining Corp)

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 Section 12.1 or 13.212.2, the Manager Operator shall take all action necessary to wind up the activities of the Business. Business in accordance with Schedule C. All costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business Account.

Appears in 1 contract

Sources: Joint Venture Agreement

Disposition of Assets on Termination. Promptly after termination under Sections 13.1 11.1 or 13.211.2 , the Manager shall take all action necessary to wind up the activities of the Business. All Venture and to dispose of or distribute the Assets, and all costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business AccountVenture.

Appears in 1 contract

Sources: Venture Agreement (Miranda Gold Corp)