Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life or property, to protect the Assets or to comply with Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.
Appears in 14 contracts
Sources: Joint Venture Agreement, Mine Operating and Improvements Agreement (Americas Gold & Silver Corp), Equity Participation and Earn in Agreement (Entree Gold Inc)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life or property, to protect the Assets or to comply with Laws. The Manager may make reasonable expenditures on behalf of the Participants Members for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Members of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants Members in proportion to their respective Participating Ownership Interests.
Appears in 4 contracts
Sources: Members’ Agreement (Thunder Mountain Gold Inc), Members’ Agreement (Western Goldfields Inc), Members' Agreement (Battle Mountain Gold Exploration Corp.)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditureexpenditures, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.
Appears in 4 contracts
Sources: Joint Venture Agreement (Trend Mining Co), Joint Venture Agreement (Aurora Metals Bvi LTD), Joint Venture Agreement (Idaho Consolidated Metals Corp)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterest at the time the emergency or unexpected expenditures are incurred.
Appears in 2 contracts
Sources: Mining Venture Agreement (Crested Corp), Mining Venture Agreement (Us Energy Corp)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.Interests at the time the emergency or unexpected expenditures are incurred. SECTION ACCOUNTS AND SETTLEMENTS
Appears in 1 contract
Sources: Option to Purchase With Exploration Rights (Golden Phoenix Minerals Inc /Fa/)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb, or property, to protect the Assets Assets, or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.
Appears in 1 contract
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.its
Appears in 1 contract
Sources: Joint Venture Agreement (Idaho Consolidated Metals Corp)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.
Appears in 1 contract
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Management Committee of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency occurred or the unexpected expenditures were incurred.
Appears in 1 contract
Sources: Property Option Agreement
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life or property, to protect the Assets or to comply with Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants other Participant of the emergency or unexpected expenditure, and to the extent the Business does not possess funds sufficient to bear such expenditures, the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.
Appears in 1 contract
Sources: Mine Development and Operating Agreement (Apollo Gold Corp)
Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawslaw or government regulation. The the Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditureexpenditures, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.
Appears in 1 contract
Sources: Global Settlement Agreement (Idaho Consolidated Metals Corp)