Disposition Generally. The Manager shall have no obligation to purchase 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 Paragraph 4.2.
Appears in 4 contracts
Samples: Exploration, Development and Mine Operating Agreement (Thompson Creek Metals CO Inc.), Exploration, Development and Mine Operating Agreement (Canyon Resources Corp), Exploration, Development and Mine Operating Agreement (Miranda Gold Corp)
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer to the Participants as provided in Paragraph 4.2Section 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), Mill Venture Agreement (New Jersey Mining Co), Venture Agreement (Miranda Gold Corp)
Disposition Generally. The Manager shall have no obligation to purchase 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 Paragraph 4.2.
Appears in 3 contracts
Samples: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer distributing such Material to the Participants Members as provided in Paragraph Section 4.2.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Operating Agreement (Gold Torrent Canada Inc), Limited Liability Company Agreement
Disposition Generally. The Manager shall have no obligation to purchase either Participant’s a 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 Paragraph 4.2.4.2 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 either 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 Paragraph 4.2section 4.2 hereof.
Appears in 2 contracts
Samples: Option/Joint Venture Agreement, Option / Joint Venture Agreement (Richmont Mines Inc)
Disposition Generally. The Manager shall have no obligation to purchase 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 Paragraph PARAGRAPH 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 either 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 Paragraph 4.2.
Appears in 2 contracts
Samples: Members’ Agreement (Thunder Mountain Gold Inc), Operating Agreement (Golden Phoenix Minerals Inc)
Disposition Generally. The Manager shall have no obligation to purchase either 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 Paragraph 4.2§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: Mineral Property Option and Joint Venture Agreement (Finmetal Mining Ltd.), Mineral Property Option Agreement (Revelstoke Industries, Inc.)
Disposition Generally. The Manager shall have no obligation to purchase either --------------------- 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 Paragraph Section 4.2.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer distributing such Material to the Participants Members as provided in Paragraph Section 4.2.. <PAGE>
Appears in 1 contract
Samples: Operating Agreement (Solitario Exploration & Royalty Corp.)
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer distributing such Material to the Participants Members as provided in Paragraph 4.2.. 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 either Participanta 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 Paragraph 4.2Section C.2.b.4.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase either 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 Paragraph Section 4.2.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase either 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 Paragraph 4.2.Paragraph
Appears in 1 contract
Samples: Option and Joint Venture Agreement
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer to the Participants as provided in Paragraph 4.2Section 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
Disposition Generally. The Manager shall have no obligation to purchase either 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 Paragraph 4.2PARAGRAPH 4.2 below.
Appears in 1 contract
Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)
Disposition Generally. The Manager shall have no obligation to purchase either 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 Paragraph Section 4.2.
Appears in 1 contract
Samples: Mining Earn in and Joint Venture Agreement (Pan American Lithium Corp)
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer distributing such Material to the Participants Members as provided in Paragraph Section 4.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Disposition Generally. The Manager shall have no obligation to purchase either Participant’s a 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 Paragraph 4.2Section C.2.b.4.
Appears in 1 contract
Disposition Generally. The Manager shall have no obligation to purchase either 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 sale or by transfer transferdistributing such Material to the Participants ParticipantsMembers as provided in Paragraph Section 4.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement
