Common use of Damages and Losses Clause in Contracts

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 18 contracts

Samples: Limited Liability Company Agreement, Venturelimited Liability Company Agreement, Limited Liability Company Operating Agreement

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Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage damages or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof of such damages or losses has been received by the Manager.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Limited Liability Company Operating Agreement (Gold Torrent Canada Inc), Limited Liability Company Agreement

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Managercause. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 3 contracts

Samples: Joint Venture Agreement, Option Agreement (Radius Gold Inc.), Kennecott Agreement (Golden Phoenix Minerals Inc /Fa/)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the fraud, willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (General Moly, Inc)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful wilful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

Samples: Option Agreement

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than that the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

Samples: In and Joint Venture Agreement (Pan American Lithium Corp)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

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

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Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage damages or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Managercause. The Manager Company shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof of such damages or losses has been received by the ManagerCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Damages and Losses. All costs in excess of insurance proceeds necessary ------------------ to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Properties and Assets resulting from any cause other than the willful misconduct or gross negligence of the Manager. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Manager.

Appears in 1 contract

Samples: Operating Agreement (Golden Phoenix Minerals Inc)

Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Managereither Member. The Manager shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the ManagerCompany.

Appears in 1 contract

Samples: Contribution Agreement (Golden Phoenix Minerals Inc /Mn/)

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