Taking in Kind. Each Participant shall take in kind or separately dispose of its share of all Products in accordance with its Participating Interest. Any expenditure incurred in the taking in kind of Products by a Participant shall be borne by it. Nothing in this Agreement shall be construed as providing, directly or indirectly, for any joint or cooperative marketing or selling of Products. The Manager shall give the Participants notice at least 10 days in advance of the delivery date upon which Products will be available.
Appears in 1 contract
Sources: Option Agreement (Radius Gold Inc.)
Taking in Kind. Each Participant shall take in kind or separately dispose of its share of all Products in accordance with its Participating Interest. Any expenditure incurred in the taking in kind of Products by a Participant shall be borne by it. Nothing in this Agreement shall be construed as providing, directly or indirectly, for any joint or cooperative marketing or selling of Products. The Manager Operator shall give the Participants other Participant notice at least 10 days in advance of the delivery date upon which Products will be available. All Product will be divided among parties and each Participant will be entitled to receive Product of like quality.
Appears in 1 contract
Sources: Joint Venture Agreement (Fronteer Development Group Inc)