Common use of Premium Prices Clause in Contracts

Premium Prices. Whenever Material is required for Operations but not readily obtainable at published or listed prices because of a national emergency, strike or other circumstances over which the Manager has no control, the Manager may charge the Business Account for the required Material on the basis of the Manager's direct cost and expense incurred in procuring such Material and making it suitable for use. The Manager shall give written notice of the proposed charge to the Members before such charge is to be billed, whereupon either Member shall have the right, by notifying the Manager within ten days of the delivery of the notice from the Manager, to furnish at the usual receiving point all or part of its share of Material suitable for use and acceptable to the Manager.

Appears in 2 contracts

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

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Premium Prices. Whenever Material is required for Operations but not readily obtainable at published or listed prices because of a national emergencyemergencies, strike strikes or other unusual circumstances over which the Manager has no control, the Manager may charge the Business Account for the required Material on the basis of the Manager's ’s direct cost and expense expenses incurred in procuring such Material and making it suitable for use. The Manager shall give written notice of the proposed charge to the Members before the time when such charge is to be billed, whereupon either a Member shall have the right, by notifying the Manager within ten days of the delivery of the notice from the Manager, to furnish at the usual receiving point all or part of its share of Material suitable for use and acceptable to the Manager.

Appears in 1 contract

Samples: Operating Agreement (Western Goldfields Inc)

Premium Prices. Whenever Material is required for Operations but not readily obtainable at published or listed prices because of a national emergencyemergencies, strike strikes or other unusual circumstances over which the Manager has no control, the Manager may charge the Business Account for the required Material on the basis of the Manager's ’s direct cost and expense expenses incurred in procuring such Material and making it suitable for use. The Manager shall give written notice of the proposed charge to the Members before prior to the time when such charge is to be billed, whereupon either Member shall have the right, by notifying the Manager within ten days of the delivery of the notice from the Manager, to furnish at the usual receiving point all or part of its share of Material suitable for use and acceptable to the Manager.

Appears in 1 contract

Samples: Operating Agreement (Golden Phoenix Minerals Inc)

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Premium Prices. Whenever Material is required for Operations but not readily obtainable at published or listed prices because of a national emergencyemergencies, strike strikes or other unusual circumstances over which the Manager has no control, the Manager may charge the Business Account for the required Material on the basis of the Manager's direct cost and expense expenses incurred in procuring such Material and making it suitable for use. The Manager shall give written notice of the proposed charge to the Members before the time when such charge is to be billed, whereupon either a Member shall have the right, by notifying the Manager within ten days of the delivery of the notice from the Manager, to furnish at the usual receiving point all or part of its share of Material suitable for use and acceptable to the Manager.

Appears in 1 contract

Samples: Joint Venture Agreement (Vista Gold Corp)

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