Emergency Expenditures. In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with Law. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
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Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co)
Emergency Expenditures. 9.6 In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore therefor by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
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Samples: Joint Venture Agreement (Finmetal Mining Ltd.), Venture Agreement (Amarc Resources LTD)
Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, limb life or property, to protect the Assets or to comply with Law. The Manager may also make reasonable expenditures on behalf of the Participants Company and the Members for unexpected events that are beyond its reasonable control. In the case control and that do not result from a breach by it of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.Section 9.3
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Samples: Limited Liability Company Members' Agreement (Uranium Energy Corp)
Emergency Expenditures. In case of emergency, the Manager may take any action that it deems necessary to protect life, limb or property, to protect the Assets or to comply with LawLaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore therefor by the Participants in proportion to their respective Participating Interests at the time at which the emergency or unexpected expenditure is incurred.
Appears in 1 contract
Samples: Option and Joint Venture Agreement
Emergency Expenditures. In case of emergency, the Manager may take any reasonable action it deems necessary to protect life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the emergency expenditure, and the Manager shall be reimbursed therefore for all resulting costs by the Participants in proportion to their respective Participating Interests in the affected Area at the time the emergency or unexpected expenditure is expenditures are incurred.
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Emergency Expenditures. In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with any Law. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.
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Emergency Expenditures. 9.6 In case of emergency, the Manager may take any action it deems necessary to protect life, limb or property, to protect the Assets or to comply with Lawlaw or government regulation. The Manager may also make reasonable expenditures on behalf of the Participants for unexpected events that are beyond its reasonable control. In the case of an emergency or unexpected expenditure, the Manager shall promptly notify the Participants of the expenditure, and the Manager shall be reimbursed therefore therefor by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditure is incurred.. Mandatory expenditures
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Samples: Joint Venture Agreement (Revelstoke Industries, Inc.)