Prior Expenses. The Withdrawing Party and Other Withdrawing Parties remain liable for their Participating Interest share of the costs of all activities, operations, rentals, royalties, taxes, damages, Hydrocarbon imbalances, or other liability or expense accruing or relating to (i) obligations existing as of the effective date of the withdrawal, (ii) operations conducted before the effective date of the withdrawal, (iii) operations approved by the Withdrawing Party and Other Withdrawing Parties before the effective date of the withdrawal, or (iv) operations commenced by the Operator under one of its discretionary powers under this Agreement before the effective date of the withdrawal. Before the effective date of the withdrawal, the Operator shall provide a statement to the Withdrawing Party and Other Withdrawing Parties for (1) their respective shares of all identifiable costs under this Article 15.3.1 and (2) their respective Participating Interest shares of the estimated current costs of plugging and abandoning all wells and removing all Platforms, Development Facilitixx, xnd other materiel and equipment owned by the Joint Account, less their respective Participating Interest Shares of the estimated salvage value of the assets at the time of abandonment, as approved by vote. This statement of expenses, costs, and salvage value shall be prepared by the Operator under Exhibit "C". Before withdrawing, the Withdrawing Party and Other Withdrawing Parties shall either pay the Operator, for the benefit of the Remaining Parties, the amounts allocated to them as shown in the statement, or provide security satisfactory to the Remaining Parties for all obligations and liabilities they have incurred and all obligations and liabilities attributable to them before the effective date of the withdrawal. All liens, charges, and other encumbrances, including but not limited to overriding royalties, net profits interest and production payments, which the Withdrawing Party and Other Withdrawing Parties placed (or caused to be placed) on their Working Interest shall be fully satisfied or released prior to the effective date of its withdrawal (unless the Remaining Parties are willing to accept the Working Interest subject to those liens, charges, and other encumbrances). ST/WD EPA JOA 49
Prior Expenses. The assigning Party shall settle any deficiency owed the non-assigning Parties within thirty (30) days after receipt of Operator's statement.
Prior Expenses. No expenditures made prior to the Date of Award Letter may be included as Project Costs.
Prior Expenses. 49 15.3.2 Confidentiality ...............................................................................50 15.3.3
Prior Expenses. To the extent expenses have been incurred in --------------- connection with the Partnership prior to the date of this Agreement, the Partnership shall pay such expenses or shall reimburse the General Partner or any other Person as appropriate for such expenses if already paid.
Prior Expenses. Sponsor agrees that it will reimburse UW for those costs and expenses incurred by UW prior to the Effective Date described in the Project Budget and hereby authorizes UW to submit invoices to Sponsor for such prior expenses.]
Prior Expenses. No expenditures made prior to the date of City Council approval of this Agreement may be included as Project Costs.
Prior Expenses. No expenditures may be made prior to the Effective Date and the budgets contained therein, unless approved by the Department.
Prior Expenses. Section 3.3
Prior Expenses. Any expense incurred by the respective Parties prior to the execution of this Agreement shall be borne exclusively by the Party that incurred the expense without any obligation on the part of the other Party, regardless of the circumstance under which such expense was incurred.
