Distribution to Participants. Division of Material in kind, if made between the Manager and the non-Manager, shall be in proportion to their respective interests in such Material. Each Participant will thereupon be charged individually with the value of the Material received or receivable by each Participant, and corresponding credits will be made by the Manager to the Joint Account. Such credits shall appear in the monthly statement of operations.
Appears in 4 contracts
Samples: Joint Venture Agreement (Idaho Consolidated Metals Corp), Lease Agreement (Idaho Consolidated Metals Corp), Agreement (Idaho Consolidated Metals Corp)