Emergency Expenditures. In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with law or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefor by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
Appears in 3 contracts
Sources: Mineral Property Option and Joint Venture Agreement (Finmetal Mining Ltd.), Mineral Property Option Agreement (Revelstoke Industries, Inc.), Mineral Property Option Agreement (Amarc Resources LTD)
Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, limb life or property, to protect the Assets or to comply with law or government regulationLaw. The Manager may also make reasonable expenditures on behalf of the Participants Company and the Members for unexpected events that are beyond its reasonable control. In the case control and that do not result from a breach by it of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefor by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.Section 9.3
Appears in 2 contracts
Sources: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)
Emergency Expenditures. In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with law or government regulationLaw. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefor therefore by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
Appears in 2 contracts
Sources: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co)
Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, limb or property, to protect the Assets or to comply with law or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the emergency expenditure, and the Manager shall be reimbursed therefor by Hecla Ventures for all resulting costs (if the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure Manager is incurredother than Hecla Ventures).
Appears in 2 contracts
Sources: Earn in Agreement (Great Basin Gold LTD), Earn in Agreement (Hecla Mining Co/De/)
Emergency Expenditures. In case of emergency, the Manager may take any action that it deems necessary to protect life, limb or property, to protect the Assets or to comply with law Law or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefor by the Participants in proportion to their respective Participating Interests at the time at which the emergency or unexpected expenditure is incurred.
Appears in 1 contract
Sources: Option and Joint Venture Agreement
Emergency Expenditures. In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with law or government regulationany Law. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefor therefore by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
Appears in 1 contract
Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, limb or property, to protect the Assets or to comply with law or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the emergency expenditure, and the Manager shall be reimbursed therefor for all resulting costs by the Participants in proportion to their respective Participating Interests in the affected Area at the time the emergency or unexpected expenditure is expenditures are incurred.
Appears in 1 contract