Abandonment of Xxxxxxx Gathering Systems Sample Clauses

Abandonment of Xxxxxxx Gathering Systems. If a Producer Group elects by written notice (any such notice, an “Abandonment Election”) to take assignment of Gatherer’s right, title and interest in and to: (a) a pad or other facilities and related permits, authorizations and rights of way (in each case, “Abandoned Interests”) pursuant to Exhibit A, Section 6(e) of the applicable Gathering Agreement; or (b) any interest in any Xxxxxxx Gathering System pursuant to Exhibit A, Section 12 of the applicable Gathering Agreement, (in either case, an “Abandoned Interest”), such Producer Group (the “Initiating Producer Group”) shall provide Notice to the other Producer Group (the “Responding Producer Group”) simultaneous to so notifying Gatherer. The Responding Producer Group shall have the right to elect to take its Allocable Share of the Abandoned Interests, which right may be exercised by Notice to the Initiating Producer Group and Gatherer, in which case Gatherer shall assign each Producer Group (or its designee) its Allocable Share of the Abandoned Interest. Failure of a Responding Producer Group to provide Notice to the Initiating Producer Group and Gatherer of its election to take its Allocable Share of the Abandoned Interests in writing within 30 Days of its receipt of an Abandonment Election shall be deemed an election by such Responding Producer Group not to take its Allocable Share of the Abandoned Interests, in which case Gatherer shall assign the entirety of the Abandoned Interests to the Initiating Party in accordance with the terms of the applicable Gathering Agreement.
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