Common use of Option Not Exercised Clause in Contracts

Option Not Exercised. If the other Member does not give such notice within the ninety (90) day period set forth in Section 6.3 hereof, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement or the LLC Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc)

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Option Not Exercised. If the other Member does not give such notice within the ninety five (905) day period set forth in Section 6.3 hereof, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Properties and Assets or continue to be subject to this Agreement or the LLC Agreement.

Appears in 1 contract

Samples: Members’ Agreement (Golden Phoenix Minerals Inc)

Option Not Exercised. If the other Member does not give such notice within the ninety sixty (9060) day period set forth described in Section 6.3 hereofthe foregoing subsection, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement or the LLC Agreement.

Appears in 1 contract

Samples: Members’ Agreement (Western Goldfields Inc)

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Option Not Exercised. If the other Member does not give such notice within the ninety thirty (9030) day period set forth in Section 6.3 hereof, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement or the LLC Agreement.

Appears in 1 contract

Samples: U S Gold Corp

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