Common use of Materials, Equipment and Supplies Clause in Contracts

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 4 contracts

Samples: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co), Venture Agreement (Miranda Gold Corp)

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Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3Paragraph 3.1. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 3 contracts

Samples: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant as provided in Section PARAGRAPH 3. 1. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 2 contracts

Samples: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant Member as provided in Section 3Paragraph 3.2. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 2 contracts

Samples: Members’ Agreement (Thunder Mountain Gold Inc), Operating Agreement (Golden Phoenix Minerals Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”"Material ") purchased from unaffiliated third parties or furnished by either the Manager or any Participant as provided in Section Article 3. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus in stock.

Appears in 2 contracts

Samples: Option/Joint Venture Agreement, Option / Joint Venture Agreement (Richmont Mines Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3Paragraph 3.1. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stockstock or disruption of Operations.

Appears in 1 contract

Samples: Exploration, Development and Mine Operating Agreement (Canyon Resources Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager also shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “"Material") purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Mineral Property Option and Joint Venture Agreement (Finmetal Mining Ltd.)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3Paragraph 3.1. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Exploration, Development and Mine Operating Agreement (Midway Gold Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant a Member as provided in Section 3. Paragraph 3.2 of this Exhibit B. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Uranium Energy Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called the “Material”) purchased from unaffiliated third parties or furnished by either Participant as the Manager or by its Affiliates and transferred to the Company; provided such Materials are specified in Section 3a Program and Budget or are necessary for the conduct of Operations in accordance therewith. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also commercially reasonable efforts to maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stockMaterial. Material shall be cost accounted as set out in Article 3 and Article 4.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kinross Gold Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3Paragraph 3.1. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Exploration, Development and Mine Operating Agreement (Thompson Creek Metals CO Inc.)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant Member as provided in Section 3PARAGRAPH 3.2. The Manager ------------- shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3Paragraph 3.1. The Manager shall purchase or furnish only so much Material as may be required for use in to conduct efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Exploration, Development and Mine Operating Agreement (Miranda Gold Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant as provided in Section 3. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Mineral Property Option Agreement (Revelstoke Industries, Inc.)

Materials, Equipment and Supplies. The cost of materials, equipment equipment, software and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager also shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.. Exhibit B – Accounting Procedure: Page 2

Appears in 1 contract

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

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Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called collectively “Material”) purchased from unaffiliated third parties or furnished by either Participant a Member as provided in Section 3C.2. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Operating Agreement (Western Goldfields Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and --------------------------------- supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either the Manager or any Participant as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “collectively "Material") purchased from unaffiliated third parties or furnished by either Participant a Member as provided in Section 3C.2. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Joint Venture Agreement (Vista Gold Corp)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "“Material"”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any ParticipantMember as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either the Manager or any Participant as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3. Article III of this Exhibit B. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Limited Liability Company Agreement (General Moly, Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

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

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Operating Agreement (Gold Torrent Canada Inc)

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant the Manager or any Member as provided in Section 3Article III. The Manager shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials Material at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called “Material”) purchased from unaffiliated third parties or furnished by either Participant as provided in Section Paragraph 3. The Manager shall purchase or furnish only so much Material as may be required for use in efficient and economical Operations. The Manager shall also maintain inventory levels of Materials at reasonable levels to avoid unnecessary accumulation of surplus stock.

Appears in 1 contract

Samples: Option and Joint Venture Agreement

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