Common use of Inventories Clause in Contracts

Inventories. 6.1 The Operator will maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar year. The independent external auditor of the Operator will be given reasonable notice of each Count, and will be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will reconcile the inventory with the Joint Account. The Operator will not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 5 contracts

Samples: Option and Joint Venture Agreement (Yellowcake Mining Inc.), Option and Joint Venture Agreement (Strathmore Minerals Corp.), Option and Joint Venture Agreement (Nu-Mex Uranium Corp.)

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Inventories. 6.1 The Operator will shall maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will shall perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar year. The independent external auditor of the Operator will shall be given reasonable notice of each Count, and will shall be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will shall reconcile the inventory with the Joint Account. The Operator will shall not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 4 contracts

Samples: Option Agreement (Source Gold Corp.), Joint Venture Agreement (Rubicon Minerals Corp), Joint Venture Agreement (Source Gold Corp.)

Inventories. 6.1 6.01 The Operator will shall maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 6.02 The Operator will shall perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar year. The independent external auditor of the Operator will shall be given reasonable notice of each Count, and will shall be given the opportunity to attend the Count. 6.3 6.03 Forthwith after performing a Count, the Operator will shall reconcile the inventory with the Joint Account. The Operator will shall not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 4 contracts

Samples: Property Option Agreement (Revelstoke Industries, Inc.), Joint Venture Agreement (Amador Gold Corp), Joint Venture Agreement (Baymont Corp)

Inventories. 6.1 The Operator will shall maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will shall perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar year. The independent external auditor of the Operator will shall be given reasonable notice of each Count, Count and will shall be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, Count the Operator will shall reconcile the inventory with the Joint Account. The Operator will shall not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 2 contracts

Samples: Mining Agreement (Mexoro Minerals LTD), Mining Agreement (Sunburst Acquisitions Iv Inc)

Inventories. 6.1 The Operator will maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar yearFiscal Year. The independent external auditor of the Operator will be given reasonable notice of each Count, and will be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will reconcile the inventory with the Joint Account. The Operator will not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 1 contract

Samples: Joint Venture Shareholders Agreement (Tara Minerals Corp.)

Inventories. 6.1 The Operator will maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar yearFinancial Year. The independent external auditor of the Operator will be given reasonable notice of each Count, and will be given the opportunity to attend the Count. 6.3 Forthwith Immediately after performing a Count, the Operator will reconcile the inventory with the Joint Venture Account. The Operator will not be held accountable for any shortages of inventory except such shortages as may have where any shortage has arisen due to a lack of diligence on the part of by the Operator.

Appears in 1 contract

Samples: Joint Venture Agreement (Augusta Resource CORP)

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Inventories. 6.1 The Operator will maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 The Operator will perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar yearFinancial Year. The independent external auditor of the Operator will be given reasonable notice of each Count, and will be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will reconcile the inventory with the Joint Venture Account. The Operator will not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 1 contract

Samples: Joint Venture Agreement

Inventories. 6.1 The Operator will maintain records of Material in reasonable detail and records of Controllable Material in detail.detail.‌ 6.2 The Operator will perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar yearFinancial Year. The independent external auditor of the Operator will be given reasonable notice of each Count, and will be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will reconcile the inventory with the Joint Venture Account. The Operator will not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 1 contract

Samples: Joint Venture Agreement

Inventories. 6.1 The Operator will shall maintain records of Material in reasonable detail and records of Controllable Material in detail. 6.2 . The Operator will shall perform Counts from time to time at reasonable intervals, and in any event at the end of each calendar year. The independent external auditor of the Operator will shall be given reasonable notice of each Count, and will shall be given the opportunity to attend the Count. 6.3 Forthwith after performing a Count, the Operator will reconcile the inventory with the Joint Account. The Operator will shall not be held accountable for any shortages of inventory except such shortages as may have arisen due to a lack of diligence on the part of the Operator.

Appears in 1 contract

Samples: Mining Option Agreement (Coastal Pacific Mining Corp)

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