Making Decisions. All decisions of the Management Committee shall be by majority vote by the two voting Representatives, who shall each have the number of votes equal to such Representative's respective Party's Joint Venture Interest from time to time. In the event of an equality of votes, the Operator's Representative shall have an additional and casting vote. Alternatively, the Management Committee may transact any business by a written instrument signed by a Representative of each Party. Each decision of the Management Committee shall be final and binding on the Parties.
Appears in 4 contracts
Samples: Option and Joint Venture Agreement (Alberta Star Development Corp), Option and Joint Venture Agreement (Donner Minerals LTD), Option and Joint Venture Agreement (Donner Minerals LTD)
Making Decisions. All decisions of the Management Committee shall be by majority vote by the two voting Representatives, who shall each have the number of votes equal to such Representative's ’s respective Party's ’s Joint Venture Interest from time to time. In the event of an equality of votes, the Operator's ’s Representative shall have an additional and casting vote. Alternatively, the Management Committee may transact any business by a written instrument signed by a Representative of each Party. Each decision of the Management Committee shall be final and binding on the Parties.
Appears in 2 contracts
Samples: River Option and Joint Venture Agreement (Uranerz Energy Corp.), Option and Joint Venture Agreement (North Bay Resources Inc)
Making Decisions. All decisions of the Management Committee shall be by majority vote by the two voting Representatives, who shall each have the number of votes equal to each 1% of such Representative's respective Party's Joint Venture Interest from time to time. In the event of an equality of votes, the Operator's Representative there shall have an be no additional and or casting vote. Alternatively, the Management Committee may transact any business by a written instrument signed by a Representative of each Party. Each decision of the Management Committee shall be final and binding on the Parties.
Appears in 1 contract
Samples: Joint Venture Agreement (Avino Silver & Gold Mines LTD)
Making Decisions. All decisions of the Management Committee shall be by majority vote by the two (2) voting Representatives, who shall each have the number of votes equal to such Representative's respective Party's Joint Venture Interest from time to time. In the event of an equality of votes, the Operator's Representative shall have an additional and casting vote. Alternatively, the Management Committee may transact any business by a written instrument signed by a Representative of each Party. Each decision of the Management Committee shall be final and binding on the Parties.
Appears in 1 contract
Samples: Option and Joint Venture Agreement
