Common use of Emergency or Unexpected Expenditures Clause in Contracts

Emergency or Unexpected 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 Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.

Appears in 13 contracts

Samples: Mine Operating and Improvements Agreement (Americas Gold & Silver Corp), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)

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Emergency or Unexpected 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 Laws. The Manager may make reasonable expenditures on behalf of the Participants Members for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Members of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants Members in proportion to their respective Participating Ownership Interests.

Appears in 4 contracts

Samples: Members’ Agreement (Thunder Mountain Gold Inc), Members’ Agreement (Western Goldfields Inc), Members' Agreement (Great Plains Energy Inc)

Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditureexpenditures, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.

Appears in 4 contracts

Samples: Joint Venture Agreement (Trend Mining Co), Stillwater West PGM Venture Agreement (Idaho Consolidated Metals Corp), Joint Venture Agreement (Aurora Metals Bvi LTD)

Emergency or Unexpected 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 Environmental Laws or other Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Members of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants Members in proportion to their respective Participating Intereststhe same manner and with the same consequences and effects as the Members provided the funding for the then current Program and Budget.

Appears in 3 contracts

Samples: Members' Agreement (U S Gold Corp), Operating Agreement (U S Gold Corp), Members Agreement (U S Gold Corp)

Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterest at the time the emergency or unexpected expenditures are incurred.

Appears in 2 contracts

Samples: Mining Venture Agreement (Us Energy Corp), Mining Venture Agreement (Crested Corp)

Emergency or Unexpected 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 Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control and that do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants other Participant of the emergency or unexpected expenditure, and to the extent the Business does not possess funds sufficient to bear such expenditures, the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.

Appears in 1 contract

Samples: Mine Development and Operating Agreement (Apollo Gold Corp)

Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life life, limb or property, to protect and preserve the Assets or to comply with Environmental Laws or other Laws. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Members of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants Members in proportion to their respective Participating Intereststhe same manner and with the same consequences and effects as the Members provided the funding for the then current Program and Budget.

Appears in 1 contract

Samples: Operating Agreement (U S Gold Corp)

Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.Interests at the time the emergency or unexpected expenditures are incurred. SECTION ACCOUNTS AND SETTLEMENTS

Appears in 1 contract

Samples: Option to Purchase With Exploration Rights (Golden Phoenix Minerals Inc /Fa/)

Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life or propertylife, to protect the Assets Project and Assets, or to comply with Laws. The Manager may make incur reasonable expenditures on behalf of the Participants Expenditures for unexpected emergency events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of carecare (the ³Emergency Events´). The Manager shall promptly notify the Participants Parties of the emergency or unexpected expenditure, any Emergency Event and the Manager expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and shall be reimbursed for all resulting costs funded by the Participants Parties in proportion to their respective Participating Interestsaccordance with the terms of this Agreement.

Appears in 1 contract

Samples: Joint Venture Agreement

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Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests.its

Appears in 1 contract

Samples: Joint Venture Agreement (Idaho Consolidated Metals Corp)

Emergency or Unexpected 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 Assets, or to comply with Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

Emergency or Unexpected 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 Environmental Laws or other Laws. .. The Manager may make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants Members of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants Members in proportion to their respective Participating Intereststhe same manner and with the same consequences and effects as the Members provided the funding for the then current Program and Budget.

Appears in 1 contract

Samples: Operating Agreement (U S Gold Corp)

Emergency or Unexpected 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 Lawslaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditure, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interestsobligations under Section 3.

Appears in 1 contract

Samples: Operating Agreement (Wits Basin Precious Minerals Inc)

Emergency or Unexpected 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 Lawslaw or government regulation. The the Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that which are beyond its reasonable control and that which do not result from a breach by it of its standard of care. The Manager shall promptly notify the Participants of the emergency or unexpected expenditureexpenditures, and the Manager shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating InterestsInterests at the time the emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Global Settlement Agreement (Idaho Consolidated Metals Corp)

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