Common use of Damages and Losses Clause in Contracts

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager.

Appears in 4 contracts

Samples: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co), Option Agreement (Nevada Geothermal Power Inc)

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Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful wilful misconduct or gross negligence of the Manager.

Appears in 4 contracts

Samples: Property Option Amendment (Rimfire Minerals Corp), Mineral Property Option and Joint Venture Agreement (Finmetal Mining Ltd.), Mineral Property Option Agreement (Revelstoke Industries, Inc.)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the ManagerManaging Partner.

Appears in 2 contracts

Samples: Mineral Agreement, Mineral Agreement (Newmont Mining Corp /De/)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Managercause.

Appears in 2 contracts

Samples: Shareholder Agreement (Golden Goliath Resources LTD), Shareholder Agreements (Golden Goliath Resources LTD)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage damages or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the ManagerOperator.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Minera Andes Inc /Wa)

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Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets or other insured or insurable property (including insurance against damage to third party property) resulting from any cause other than the willful wilful misconduct or gross negligence of the Manager.

Appears in 1 contract

Samples: Option and Joint Venture Agreement

Damages and Losses. All costs in excess of insurance proceeds ------------------ necessary to repair or replace damage or losses to any Assets Materials, improvements, structures or other capital or non-capital assets used in Operations resulting from any cause other than the willful misconduct misconduct, bad faith or gross negligence of the ManagerOperator.

Appears in 1 contract

Samples: Net Operating Cash Flow Royalty Agreement (Western Goldfields Inc)

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