Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence.
Appears in 4 contracts
Sources: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Exploration, Development and Mine Operating Agreement (Canyon Resources Corp)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business Company only for shortages due to lack of reasonable diligence.
Appears in 4 contracts
Sources: Limited Liability Company Agreement, Operating Agreement (Golden Phoenix Minerals Inc), Joint Venture Agreement (Vista Gold Corp)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager Company to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence.
Appears in 1 contract
Sources: Operating Agreement (Golden Phoenix Minerals Inc /Mn/)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) 6 months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence.
Appears in 1 contract
Sources: Exploration, Development and Mine Operating Agreement (Midway Gold Corp)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business JointBusiness Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business JointBusiness Account for overages and shortages, but the Manager shall be held accountable to the Business VentureCompany only for shortages due to lack of reasonable diligence.
Appears in 1 contract
Sources: Limited Liability Company Agreement
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Joint Account shall be made, and a list of overages averages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages averages and shortages, but the Manager shall be held accountable to the Business Venture only for shortages due to lack of reasonable diligence.
Appears in 1 contract
Sources: Property Option Agreement
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished furnished, to the Management Committee within six (6) 6 months after the inventory is taken. Inventory adjustments shall be made by the Manager Operator to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence.
Appears in 1 contract
Sources: Joint Venture Agreement
Reconciliation and Adjustment of Inventories. Reconciliation of The Manager shall reconcile inventory with and charges to the Business Account shall be made, and furnish a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the an inventory is takencompleted. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the . The Manager shall be held accountable to the Business Company only for shortages due to lack of reasonable diligenceits gross negligence or willful misconduct.
Article I EFFECT OF THIS EXHIBIT
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Uranium Energy Corp)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business Company only for shortages due to lack of reasonable diligence.. To EXPLORATION, DEVELOPMENT AND MINING LIMITED LIABILITY COMPANY OPERATING AGREEMENT By And Between
Appears in 1 contract
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business Company only for shortages due to lack of reasonable diligence.. <PAGE>
Appears in 1 contract
Sources: Operating Agreement (Solitario Exploration & Royalty Corp.)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business Company only for shortages due to lack of reasonable diligence.. EXHIBIT B TO AMENDED AND RESTATED LLC AGREEMENT OF EUREKA MOLY, LLC;
Appears in 1 contract
Sources: Limited Liability Company Agreement (General Moly, Inc)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence. "Affiliate" means any person, partnership, limited liability company, joint venture, corporation, or other form of enterprise which Controls, is Controlled by, or is under common Control with a Participant.
Appears in 1 contract
Sources: Joint Venture Agreement
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Manager to the Business Account for overages and shortages, but the Manager shall be held accountable to the Business only for shortages due to lack of reasonable diligence.. JOINT VENTURE AGREEMENT By And Between
Appears in 1 contract
Sources: Equity Participation and Earn in Agreement (Entree Gold Inc)