Common use of Fair Market Values Clause in Contracts

Fair Market Values. For purposes of Sections 5.1(d), 5.1(f) and 5.2, the fair market values of any Assets as of the time of determination shall be determined by the unanimous agreement of the Members, and if they cannot agree, then by a nationally recognized independent engineering firm or other qualified independent appraiser selected by unanimous agreement of the Members.

Appears in 1 contract

Samples: Operating Agreement (Gold Torrent Canada Inc)

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Fair Market Values. For purposes of Sections 5.1(d5.1(d)(ii), 5.1(f) and 5.2, the fair market values of any Assets as of the time of determination shall be determined by the unanimous agreement of the Members, and if they cannot agree, then by a nationally recognized independent engineering firm or other qualified independent appraiser selected by unanimous agreement of the MembersManagement Committee.

Appears in 1 contract

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

Fair Market Values. For purposes of Sections 5.1(d), 5.1(f) and 5.2, the fair market values of any Assets as of the time of determination shall be determined by the unanimous agreement of the MembersMembers or, and if they cannot all agree, then by a nationally recognized independent engineering firm or other qualified independent appraiser selected by the unanimous agreement of the Members.

Appears in 1 contract

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

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Fair Market Values. For purposes of Sections 5.1(d), 5.1(f) and 5.2, the fair market values of any Assets as of the time of determination shall be determined by the unanimous agreement of the MembersMembers or, and if they cannot all agree, then by a nationally recognized independent engineering firm or other qualified independent appraiser selected by unanimous agreement of the MembersManagement Committee.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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