Common use of Periodic Inventories, Notice and Representations Clause in Contracts

Periodic Inventories, Notice and Representations. At reasonable intervals, and at least at the end of each fiscal quarter and at the fiscal year-end, physical inventories shall be taken by the Manager, which shall include all such Material as is ordinarily considered controllable by operators of mining properties. The expense of conducting such periodic physical inventories shall be charged to the Business Account. The Manager shall give Notice to the Members of its intent to take any physical inventory at least thirty (30) days before such physical inventory is scheduled to occur. A Member shall be deemed to have accepted the results of any physical inventory taken by the Manager if the Member fails to be represented at the taking of such physical inventory.

Periodic Inventories, Notice and Representations. At reasonable intervals, and at least at the end of each fiscal quarter and at the fiscal year-end, physical inventories shall be taken by the ManagerOperator, which shall include all such Material as is ordinarily considered controllable by operators of mining properties. The expense of conducting such periodic physical inventories shall be charged to the Business Account. The Manager Operator shall give Notice to the Members Participants of its intent to take any physical inventory at least thirty (30) 30 days before such physical inventory is scheduled to occur. A Member Participant shall be deemed to have accepted the results of any physical inventory taken by the Manager Operator if the Member Participant fails to be represented at the taking of such physical inventory.

Periodic Inventories, Notice and Representations. At reasonable intervals, and at least at the end of each fiscal quarter and at the fiscal year-end, physical inventories shall be taken by the ManagerCompany, which shall include all such Material as is ordinarily considered controllable by operators of mining properties. The expense of conducting such periodic physical inventories shall be charged to the Business Account. The Manager Company shall give Notice to the Members of its intent to take any physical inventory at least thirty (30) 30 days before such physical inventory is scheduled to occur. A Member shall be deemed to have accepted the results of any physical inventory taken by the Manager Company if the Member fails to be represented at the taking of such physical inventory.

Periodic Inventories, Notice and Representations. At reasonable intervals, and at least at the end of each fiscal quarter and at the fiscal year-end, physical inventories shall be taken by the Manager, which shall include all such Material as is ordinarily considered controllable by operators of mining properties. The expense of conducting such periodic physical inventories shall be charged to the Business Account. The Manager shall give Notice to the Members of its intent to take any physical inventory at least thirty (30) 30 days before such physical inventory is scheduled to occur. A Member shall be deemed to have accepted the results of any physical inventory taken by the Manager if the Member fails to be represented at the taking of such physical inventory.