Related Clauses

Reconciliation and Final Payment
Prorations and Adjustments
Waiver of Inventory, Accounting and Appraisal Requirement
Closing Prorations and Adjustments
Reconciliation
Annual Reconciliation
Post-Closing Reconciliation
Processing Adjustments
Reconciliations
Payment and Year-End Adjustment

Parent Clauses

Inventories
DEFINITIONS
General Provisions
Other Expenditures
Sales
Use of Equipment and Facilities Owned by Entities Constituting Contractor
Purchases
Counterparts
Continuing CONTRACTOR Costs
Termination by Contractor

Sub-Clauses

Designation of Tax Matters Partner
Notice
Tax Matters Partner
Settlements
Survival
Judicial Proceedings
Tax Elections
Fees and Expenses
Extensions of Limitation Periods
Requests for Administrative Adjustments

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be made, and a list of overages and shortages shall be determined by the Manager. Inventory adjustments shall be made by the Manager to the Joint Account for overages and shortages, but the Manager shall be held accountable to the Venture only for shortages due to lack of reasonable diligence.

Appears in 2 contracts

Samples: Venture Agreement (New Jersey Mining Co), Venture Agreement (New Jersey Mining Co)

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be ~~made~~made by each Participant in interest, and a list of overages and shortages shall be jointly determined by ~~the~~ Manager and non-Manager. Inventory adjustments shall be made by ~~the~~ Manager to the Joint Account for overages and shortages, but ~~the~~ Manager shall be held accountable to ~~the Venture~~ non-Manager only for shortages due to lack of reasonable ~~diligence~~care.

Appears in 1 contract

Samples: In Agreement (Hecla Mining Co/De/)

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Joint Account shall be ~~made~~made by each Participant in interest, and a list of overages and shortages shall be jointly determined by ~~the~~ Manager and non - Manager. Inventory adjustments shall be made by ~~the~~ Manager to the Joint Account for overages and shortages, but ~~the~~ Manager shall be held accountable to ~~the Venture~~ non - Manager only for shortages due to lack of reasonable ~~diligence~~care.

Appears in 1 contract

Samples: Earn in Agreement (Great Basin Gold LTD)

Appears in 1 contract

Samples: Venture Agreement (Miranda Gold Corp)

Common use of Reconciliation and Adjustment of Inventories Clause in Contracts