Common use of Environmental Compliance Fund Clause in Contracts

Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will be maintained by the Manager in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-term investments approved by the Management Committee. Such funds will be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Texas Mineral Resources Corp.), Limited Liability Company Agreement (Texas Mineral Resources Corp.)

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Environmental Compliance Fund. The Manager may establish an Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-longer term investments approved by the Management Committee. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

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

Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager Operator in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-longer term investments approved by the Management CommitteeBoard. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

Samples: Share Purchase Agreement

Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-longer term investments approved by the Management Committee. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

Samples: Operating Agreement (Gold Torrent Canada Inc)

Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager Management Committee in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-longer term investments approved by the Management Committee. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Timberline Resources Corp)

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Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager in a separate, interest bearing cash management account, which may include money market investments and money market funds, or longer-longer term investments approved by the Management Committeeinvestments. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

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

Environmental Compliance Fund. Funds deposited into the Environmental Compliance Fund will shall be maintained by the Manager in a separate, interest interest-bearing cash management account, which may include money market investments and money market funds, or longer-term investments approved by the Management Committee. Such funds will shall be used solely for Environmental Compliance and Continuing Obligations, including committing such funds, interests in property, insurance or bond policies, or other security to satisfy Laws regarding financial assurance for the reclamation or restoration of the Properties, and for other Environmental Compliance requirements.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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