Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.
Appears in 4 contracts
Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co), Venture Agreement (Miranda Gold Corp)
Disposition Generally. The Manager shall have no obligation to purchase a either Participant’s interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderParagraph 4.2.
Appears in 4 contracts
Samples: Operating Agreement (Thompson Creek Metals CO Inc.), Operating Agreement (Midway Gold Corp), Operating Agreement (Canyon Resources Corp)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Materialany surplus Material from the Company. The Management Committee shall determine the disposition of major items of surplus Material; provided, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer sale or by distributing such Material to the Participants Members as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Limited Liability Company Operating Agreement (Gold Torrent Canada Inc), Limited Liability Company Agreement
Disposition Generally. The Manager shall have no obligation to purchase a either Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderParagraph 4.2.
Appears in 3 contracts
Samples: In Agreement (Entree Gold Inc), Equity Participation (Entree Gold Inc), In Agreement (Entree Gold Inc)
Disposition Generally. The Manager shall have no obligation to purchase a either Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderPARAGRAPH 4.2.
Appears in 2 contracts
Samples: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s Member's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Section Paragraph 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.of this Exhibit B. EXHIBIT B Page 7 of 8
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Uranium Energy Corp)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer to the Participants as provided in Section §4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.
Appears in 2 contracts
Samples: Joint Venture Agreement (Finmetal Mining Ltd.), Joint Venture Agreement (Revelstoke Industries, Inc.)
Disposition Generally. The Manager shall have no obligation to purchase a Participanteither Member’s interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderParagraph 4.2.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc), Operating Agreement (Golden Phoenix Minerals Inc)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderhereof.
Appears in 2 contracts
Samples: Agreement, Agreement (Richmont Mines Inc)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Materialmaterial. The Management Committee shall determine the disposition of major items of surplus Materialmaterial, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 1 contract
Samples: In and Joint Venture Agreement (Pan American Lithium Corp)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Materialany surplus Material from the Company. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer sale or by distributing such Material to the Participants Members as provided in Section 4.2 or by sale4.2. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.<PAGE>
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Solitario Exploration & Royalty Corp.)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s either Member's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Section PARAGRAPH 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderbelow.
Appears in 1 contract
Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)
Disposition Generally. The Manager shall have no obligation to purchase --------------------- a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s Member's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderC.2.b.4.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Materialinany surplus Material from the Company. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer sale or by transferdistributing such Material to the Participants ParticipantsMembers as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Materialany surplus Material from the Company. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer sale or by distributing such Material to the Participants Members as provided in Section 4.2 or by saleParagraph 4.2. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.EXHIBIT B TO AMENDED AND RESTATED LLC AGREEMENT OF EUREKA MOLY, LLC;
Appears in 1 contract
Samples: Limited Liability Company Agreement (General Moly, Inc)
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.Paragraph
Appears in 1 contract
Samples: Option and Joint Venture Agreement
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s interest in Materialany surplus Material from the Company. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer sale or by distributing such Material to the Participants Members as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder4.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Disposition Generally. The Manager shall have no obligation to purchase a Participant’s 's interest in Material. The Management Committee shall determine the disposition of major items of surplus Materialmaterial, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by transfer to the Participants as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunder.
Appears in 1 contract
Samples: Nevada Geothermal Power Inc
Disposition Generally. The Manager shall have no obligation to purchase a ParticipantMember’s interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Manager shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Section 4.2 or by sale. The Manager shall credit the Participants in proportion to their Participating Interest for all Material sold hereunderC.2.b.4.
Appears in 1 contract
