Common use of Emergency Expenditures Clause in Contracts

Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life or property, to protect the Assets or to comply with Law. The Manager may make reasonable expenditures on behalf of the Company and the Members for unexpected events that are beyond its reasonable control and that do not result from a breach by it of Section 9.3

Appears in 2 contracts

Samples: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)

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Emergency Expenditures. 9.6 In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Company and the Members Participants for unexpected events that are beyond its reasonable control control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and that do not result from a breach the Manager shall be reimbursed therefor by it of Section 9.3the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.

Appears in 2 contracts

Samples: Joint Venture Agreement (Finmetal Mining Ltd.), Venture Agreement (Amarc Resources LTD)

Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Law. The Manager may also make reasonable expenditures on behalf of the Company and the Members Participants for unexpected events that are beyond its reasonable control control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and that do not result from a breach the Manager shall be reimbursed therefore by it of Section 9.3the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.

Appears in 2 contracts

Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co)

Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with any Law. The Manager may also make reasonable expenditures on behalf of the Company and the Members Participants for unexpected events that are beyond its reasonable control control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and that do not result from a breach the Manager shall be reimbursed therefore by it of Section 9.3the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.

Appears in 1 contract

Samples: Venture Agreement (Miranda Gold Corp)

Emergency Expenditures. 9.6 In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Company and the Members Participants for unexpected events that are beyond its reasonable control control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and that do not result from a breach the Manager shall be reimbursed therefor by it of Section 9.3the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred. Mandatory expenditures

Appears in 1 contract

Samples: Joint Venture Agreement (Revelstoke Industries, Inc.)

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Emergency Expenditures. In case of emergency, the Manager may take any reasonable action that it deems necessary to protect life life, limb or property, to protect the Assets or to comply with LawLaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Company and the Members Participants for unexpected events that are beyond its reasonable control control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and that do not result from a breach the Manager shall be reimbursed therefor by it of Section 9.3the Participants in proportion to their respective Participating Interests at the time at which the emergency or unexpected expenditure is incurred.

Appears in 1 contract

Samples: Option and Joint Venture Agreement

Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may make reasonable expenditures on behalf shall promptly notify the Participants of the Company emergency expenditure, and the Members Manager shall be reimbursed for unexpected events that all resulting costs by the Participants in proportion to their respective Participating Interests in the affected Area at the time the emergency expenditures are beyond its reasonable control and that do not result from a breach by it of Section 9.3incurred.

Appears in 1 contract

Samples: Operating Agreement (Hecla Mining Co/De/)

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