Disposition of Assets on Termination. Promptly after termination under Sections 12.1 or 12.2, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.
Appears in 4 contracts
Samples: Operating Agreement (Thompson Creek Metals CO Inc.), Operating Agreement (Miranda Gold Corp), Operating Agreement (Midway Gold Corp)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 13.1 or 12.213.2, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.
Appears in 3 contracts
Samples: In Agreement (Entree Gold Inc), Equity Participation (Entree Gold Inc), In Agreement (Entree Gold Inc)
Disposition of Assets on Termination. Promptly after termination under Sections SECTIONS 12.1 or 12.2, the Manager shall take all action necessary to wind up the activities of the Business. , in accordance with EXHIBIT C. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.
Appears in 2 contracts
Samples: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 11.1 or 12.211.2, the Manager shall take all action necessary to wind up the activities of the Business. All Venture and to dispose of or distribute the Assets, and all costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business AccountVenture.
Appears in 2 contracts
Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 or 12.2, the Manager shall take all action necessary to wind up the activities of the Business. , in accordance with Exhibit C. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.
Appears in 2 contracts
Samples: Operating Agreement (Canyon Resources Corp), Operating Agreement (Royal Gold Inc /De/)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 11.1 or 12.211.2 , the Manager shall take all action necessary to wind up the activities of the Business. All Venture and to dispose of or distribute the Assets, and all costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business AccountVenture.
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Disposition of Assets on Termination. Promptly after termination under Sections 12.1 or 12.2Section 11.1, the Manager shall take all action necessary to wind up the activities of the Business. Company, in accordance with Exhibit E. All costs and expenses incurred in connection with the termination of the Business Company shall be expenses chargeable to the Business Account.
Appears in 1 contract
Samples: Operating Agreement (Crosshair Exploration & Mining Corp)
Disposition of Assets on Termination. Promptly after termination of the Agreement under Sections 12.1 or 12.2Section 16.1, the Manager shall take all action necessary to wind up the activities of the Business. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business Account.
Appears in 1 contract
Samples: Operating Agreement (Us Energy Corp)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 or 12.28.1 and 8.2, the Manager Company shall take all action necessary to wind up the activities of the BusinessProperty. All costs and expenses incurred in connection with the termination of the Business shall be expenses chargeable to the Business AccountCompany.
Appears in 1 contract
Samples: Exploration and Purchase Option Agreement (Trend Mining Co)
Disposition of Assets on Termination. Promptly after termination under Sections 12.1 or 12.212.2 , the Manager shall take all action necessary to wind up the activities of the Business. Venture, in accordance with Exhibit C. All costs and expenses incurred in connection with the termination of the Business Venture shall be expenses chargeable to the Business Venture Account.
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