Emergency or Unexpected Expenditures. In case of an emergency, the Board of Managers may take any reasonable action it deems necessary to protect life, limb or property, to protect the Assets or to comply with Laws. The Board of Managers may also make reasonable expenditures for unexpected events that are beyond its reasonable control. The Board of Managers shall promptly provide notice to the Members of the emergency or unexpected expenditure, and shall be reimbursed for all resulting costs by the Company, which costs shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests at the time the emergency or unexpected expenditures are incurred.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Gryphon Gold Corp)