Legal and Regulatory Expense. Except as otherwise provided in 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 of the 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 Manager's legal staff, and amounts paid in settlement of such litigation or claims in excess of $10,000 shall not be charged to the Joint Account unless approved by the Management Committee.
Appears in 1 contract
Legal and Regulatory Expense. Except as otherwise provided in 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 of the VentureCompany. 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 Manager's ’s legal staff, and amounts paid in settlement of such litigation or claims in excess of $10,000 $ shall not be charged to the Joint Business 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 Section ----------------------------- Paragraph 2.13, all legal and regulatory costs and expenses incurred in or resulting from the Operations or necessary to protect or recover the Assets of the VentureCompany. 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 Manager's ’s legal staff, and amounts paid in settlement of such litigation or claims in excess of $10,000 shall not be charged to the Joint Account unless approved by the Management Committeeclaims.
Appears in 1 contract
Samples: Limited Liability Company Agreement (General Moly, Inc)
Legal and Regulatory Expense. Except as otherwise provided in 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 of the VentureCompany. 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 Manager's legal staff, and amounts paid in settlement of such litigation or claims in excess of $10,000 100,000 shall not be charged to the Joint Business Account unless approved by the Management CommitteeCommittee or unless specifically approved as part of an adopted Program and Budget.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Solitario Exploration & Royalty Corp.)