Division in Kind. Division of Material in kind between the Participants shall be in proportion to their respective Participating Interests, and corresponding credits shall be made to the Joint Account.
Appears in 6 contracts
Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co), Joint Venture Agreement (Revelstoke Industries, Inc.)
Division in Kind. Division of Material in kind between the Participants shall be in proportion to their respective Participating InterestsInterests as at the time of such division, and corresponding credits shall be made to the Participants’ respective capital or other applicable accounts in the Joint AccountVenture.
Appears in 1 contract
Samples: Option and Joint Venture Agreement
