Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be made, and a list of overages and shortages shall be determined by the Manager. Inventory adjustments shall be made by the Manager to the Joint Account for overages and shortages, but the Manager shall be held accountable to the Venture only for shortages due to lack of reasonable diligence.
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Samples: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co), Venture Agreement (Miranda Gold Corp)
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be mademade by each Participant in interest, and a list of overages and shortages shall be jointly determined by the Manager and non - Manager. Inventory adjustments shall be made by the Manager to the Joint Account for overages and shortages, but the Manager shall be held accountable to the Venture non - Manager only for shortages due to lack of reasonable diligencecare.
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Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be mademade by each Participant in interest, and a list of overages and shortages shall be jointly determined by the Manager and non-Manager. Inventory adjustments shall be made by the Manager to the Joint Account for overages and shortages, but the Manager shall be held accountable to the Venture non-Manager only for shortages due to lack of reasonable diligencecare.
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