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, assets and property, including the Property, or to comply with Laws. The Manager may incur reasonable Expenditures for emergency events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”). The Manager shall promptly notify the Parties of any Emergency Event and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and shall be borne by the Parties in proportion to their respective Participating Interests at the time such Emergency Event occurs.

Appears in 1 contract

Samples: List of Exhibits (Strateco Resources 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, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw or government regulation. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager shall promptly notify the Parties Participants of any Emergency Event the emergency or unexpected expenditure, and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the Manager shall be borne reimbursed for all resulting costs by the Parties Participants in proportion to their respective Participating Interests at the time such Emergency Event occursthe emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Emergency or Unexpected Expenditures. In case the event of an emergency, the Manager may take any reasonable action it deems necessary to protect life, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw or government regulation. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager shall promptly notify the Parties Participants of any Emergency Event and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the emergency or unexpected expenditure, and, subject to clause 10.1 above as to Gareste, the Manager shall be borne reimbursed for all resulting costs by the Parties Participants in proportion to their respective Participating Interests at the time such Emergency Event occursthe emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Mining Earn in and Joint Venture Agreement (Pan American Lithium Corp)

Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw or government regulation. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager shall promptly notify the Parties Members of any Emergency Event the emergency or unexpected expenditure, and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the Manager shall be borne reimbursed for all resulting costs by the Parties Company, which cost shall be funded by the Members making additional capital contributions to the Company in proportion to their respective Participating Percentage Interests at the time such Emergency Event occursthe emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Emergency or Unexpected Expenditures. In case of emergency, the a Manager may take any reasonable action it deems necessary to protect life, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw or government regulation. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager Managers shall promptly notify the Parties Members of any Emergency Event the emergency or unexpected expenditure, and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the Managers shall be borne reimbursed for all resulting costs by the Parties Members in proportion to their respective Participating Ownership Interests at the time such Emergency Event occursthe emergency or unexpected expenditures are incurred.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hecla Mining Co/De/)

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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, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw or government regulation. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager shall promptly notify the Parties Management Committee of any Emergency Event the emergency or unexpected expenditure, and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the Manager shall be borne reimbursed for all resulting costs by the Parties Participants in proportion to their respective Participating Interests at the time such Emergency Event occursthe emergency occurred or the unexpected expenditures were incurred.

Appears in 1 contract

Samples: Property Option Agreement

Emergency or Unexpected Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, assets and limb or property, including to protect the Property, Assets or to comply with Lawslaw, government regulation or contractual obligations. The Manager may incur also make reasonable Expenditures expenditures for emergency unexpected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care (the “Emergency Events”)care. The Manager shall promptly notify the Parties Management Committee of any Emergency Event the emergency or unexpected expenditure, and expenditures incurred in relation thereto shall constitute Expenditures under this Agreement and the Manager shall be borne reimbursed for all resulting costs by the Parties Participants in proportion to their respective Participating Interests at the time such Emergency Event occursthe emergency occurred or the unexpected expenditures were incurred.

Appears in 1 contract

Samples: Option Agreement (Radius Gold Inc.)

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