Common use of Environmental Compliance Fund Clause in Contracts

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.

Appears in 3 contracts

Samples: In Agreement (Entree Gold Inc), Equity Participation (Entree Gold Inc), In Agreement (Entree Gold Inc)

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Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life duration of the BusinessAgreement, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate cover the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreementother continuing obligations.

Appears in 3 contracts

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

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q41 Section 2.13(c) of the Agreementhas been added from Form 5A LLC.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Venturelimited Liability Company Agreement

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(q9.2(s) of the Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc), Operating Agreement (Golden Phoenix Minerals Inc)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(q) Section 9.2.19 of the Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Western Goldfields Inc), Joint Venture Agreement (Vista Gold Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the AgreementSUBSECTION 8.2(R).

Appears in 2 contracts

Samples: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager Such amounts shall invest such amounts be invested on behalf of the Participants Company as provided in Subsection 7.2(q) Section 5.2.19 of the Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Golden Phoenix Minerals Inc /Mn/)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(qSUBSECTION 9.2(S) of the Agreement.. ------------------

Appears in 1 contract

Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundthe Environmental Compliance Fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-post- Operations Environmental Compliance and Continuing Obligations. The Manager Company shall invest such amounts on behalf of in the Participants Environmental Compliance Fund as provided in Subsection 7.2(qSection 5.4(o) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.8.2(r). EXHIBIT B

Appears in 1 contract

Samples: Operating Agreement (Midway Gold Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement8.2(p).

Appears in 1 contract

Samples: Operating Agreement (Thompson Creek Metals CO Inc.)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life term of the Businessthis Agreement, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Minera Andes Inc /Wa)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundan Environmental Compliance Fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement8.2(r).

Appears in 1 contract

Samples: Operating Agreement (Canyon Resources Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundfund which, which through successive proportionate contributions during the life duration of the BusinessAgreement, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate cover the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and other Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.

Appears in 1 contract

Samples: Option and Joint Venture Agreement

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q8.2(r) of the Agreement.

Appears in 1 contract

Samples: Operating Agreement (Miranda Gold Corp)

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Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(q5.3(p) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Solitario Exploration & Royalty Corp.)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall may be determined by the Management Committee Manager and shall be based on proportionate contributions in an amount sufficient to establish a fundthe Environmental Compliance Fund if established by the Manager, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The If the Manager elects to establish an Environmental Compliance Fund, the Manager shall invest such amounts on behalf of in the Participants Environmental Compliance Fund as provided in Subsection 7.2(qSection 5.3(p) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Contango ORE, Inc.)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life term of the Business, Agreement will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest deposit such amounts on behalf of the Participants as provided in Subsection 7.2(q) of an interest bearing account with the Agreement.highest available rate for FDIC insured immediately available funds..

Appears in 1 contract

Samples: Agreement (Rimfire Minerals Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundthe Environmental Compliance Fund, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of in the Participants Environmental Compliance Fund as provided in Subsection 7.2(qSection 5.3(p) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance whichthat, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which that through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(qSection 7.2(u) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (General Moly, Inc)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundfund (the “Environmental Compliance Fund”) which, which through successive proportionate contributions during the life of the BusinessCompany, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants Members as provided in Subsection 7.2(qsubsection 5.3(p) of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Gold Torrent Canada Inc)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fundthe Environmental Compliance Fund, which which, through successive proportionate contributions during the life of the Business, will pay for ongoing Environmental Compliance conducted during Operations and which that will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.

Appears in 1 contract

Samples: Joint Venture Agreement

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life duration of the BusinessAgreement, will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate cover the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and other Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(q) of the Agreement.

Appears in 1 contract

Samples: Venture Agreement (Miranda Gold Corp)

Environmental Compliance Fund. Costs of reasonably anticipated Environmental Compliance (including without limitation costs of bonds or other surety required by any governmental authority with jurisdiction) which, on a Program basis, shall be determined by the Management Committee and shall be based on proportionate contributions in an amount sufficient to establish a fund, which through successive proportionate contributions during the life term of the Business, Agreement will pay for ongoing Environmental Compliance conducted during Operations and which will aggregate the reasonably anticipated costs of mine closure, post-Operations Environmental Compliance and Continuing Obligations. The Manager shall invest such amounts on behalf of the Participants as provided in Subsection 7.2(qSection 8.2(o) of the Agreement.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

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