Common use of Legal and Regulatory Expense Clause in Contracts

Legal and Regulatory Expense. Except as otherwise provided in Subsection 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the Operator's legal staff; and amounts paid in settlement of such litigation or claims in excess of $50,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 3 contracts

Samples: Joint Venture Agreement (Southern Energy Company, Inc.), Joint Venture Agreement (Siga Resources Inc.), Joint Venture Agreement (Siga Resources Inc.)

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Legal and Regulatory Expense. Except as otherwise provided in Subsection Section 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the Operator's legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 25,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 2 contracts

Samples: Joint Venture Agreement (Stirrup Creek Gold LTD), Joint Venture Agreement (Stirrup Creek Gold LTD)

Legal and Regulatory Expense. Except as otherwise provided in Subsection Section 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's attorneys' fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the OperatorManager's legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 25,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

Legal and Regulatory Expense. Except as otherwise provided in Subsection Section 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint VentureVentureCompany. All attorney's '’s fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the Operator's Manager'’s legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 25,000 shall not be charged to the Joint JointBusiness Account unless approved by the Management Committee.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Legal and Regulatory Expense. Except as otherwise provided in Subsection subsection 2.13, all all, legal and regulatory costs and expenses incurred in or resulting from the Operations operation of the Property as a mine or necessary to protect or recover the Property or Assets or the Property of the Joint Venture. All attorney's fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of or legal services provided by the Operator's legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 25,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 1 contract

Samples: Joint Venture Agreement (Pacific Booker Minerals Inc.)

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Legal and Regulatory Expense. Except as otherwise provided in Subsection Section 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's ’s fees and other legal costs to handle, investigate and settle litigation or claims, claims including the cost of legal services provided by the Operator's Manager’s legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 25,000.00 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 1 contract

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

Legal and Regulatory Expense. Except as otherwise provided in Subsection Section ----------------------------- 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the OperatorManager's legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 10,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Legal and Regulatory Expense. Except as otherwise provided in Subsection Section 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations operations or necessary to protect or recover the Assets or the Property of the Joint Venture. All attorney's attorneys' fees and other legal costs to handle, investigate and settle litigation or claims, including the cost of legal services provided by the OperatorManager's legal staff; , and amounts paid in settlement of such litigation or claims in excess of $50,000 250,000 shall not be charged to the Joint Account unless approved by the Management Committee.

Appears in 1 contract

Samples: Property Option Amendment (Rimfire Minerals Corp)

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