Common use of Sale or Assignment Clause in Contracts

Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit D Lincoln Hill LLC Operating Agreement

Appears in 1 contract

Samples: Operating Agreement (Western Goldfields Inc)

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Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Membership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit D Lincoln Hill LLC Operating Agreement.

Appears in 1 contract

Samples: Operating Agreement (Crosshair Exploration & Mining Corp)

Sale or Assignment. The Members agree that if either one of them If a Member makes a sale or assignment of its Ownership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B708(b) (1) (B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination such termination. EXHIBIT D to LIMITED LIABILITY COMPANY OPERATING AGREEMENT of the Company. 19 Exhibit D Lincoln Hill CIBOLA RESOURCES LLC Operating AgreementDEFINITIONS

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit D Lincoln Hill HHLP Project LLC Operating AgreementAgreement Definitions

Appears in 1 contract

Samples: Joint Venture Agreement (Vista Gold Corp)

Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit EXHIBIT D Lincoln Hill LLC Operating AgreementTO EXPLORATION, DEVELOPMENT AND MINING LIMITED LIABILITY COMPANY OPERATING AGREEMENT By And Between BMGE And

Appears in 1 contract

Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)

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Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Interest under the Agreement, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit EXHIBIT D Lincoln Hill LLC Operating AgreementNET PROCEEDS CALCULATION

Appears in 1 contract

Samples: Limited Liability Company Agreement

Sale or Assignment. The Members agree that if either one of them makes a sale or assignment of its Ownership Interest under the AgreementMembership Interest, and such sale or assignment causes a termination under Section 708(b)(1)(B) of the Code, the terminating Member shall indemnify the non-terminating Member and save it harmless on an after-tax basis for any increase in taxes to the non-terminating Member caused by the termination of the Company. 19 Exhibit D Lincoln Hill LLC Operating Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kinross Gold Corp)

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