Common use of Organization and Composition Clause in Contracts

Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of two (2) members appointed by Ivanhoe and two (2) members appointed by Entree. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management Committee.

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)

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Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this AgreementAgreement and to provide general direction to the Manager. The Except as provided in Section 7.6, the Management Committee shall consist of two (2) members appointed by Ivanhoe UPC and two (2) members appointed by Entreethe USE Parties. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management CommitteeParticipant.

Appears in 2 contracts

Samples: Mining Venture Agreement (Crested Corp), Mining Venture Agreement (Us Energy Corp)

Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of at least two (2) members appointed by Ivanhoe and two (2) members appointed by Entreeeach Participant. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice Notice to the other members. The Participant which is the Manager Uranerz shall designate one of its members to serve as the chair of the Management Committee.

Appears in 1 contract

Samples: Venture Agreement (Uranerz Energy Corp.)

Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of two (2) members appointed by Ivanhoe and two (2) members appointed by Entreeeach Participant. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management CommitteeParticipant.

Appears in 1 contract

Samples: Mining Venture Agreement (Novagold Resources Inc)

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Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods methods, and actions under this Agreement. The Management Committee shall consist of two (2) members one member appointed by Ivanhoe FGMI and two (2) members one member appointed by EntreeXXXXX. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management CommitteeParticipant.

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall be constituted as at the Effective Date. The Management Committee shall consist of two (2) members appointed by Ivanhoe and two (2) members appointed by Entreeeach of the Participants. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a membermember of the Management Committee. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management CommitteeParticipant.

Appears in 1 contract

Samples: Option Agreement (Halo Resources LTD)

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