Common use of All Parties Participate Clause in Contracts

All Parties Participate. If all the Parties decide to participate in such development the Operator, under the direction of the Operating Committee, shall prepare and submit a development plan to the Danish Energy Agency. If the Danish Energy Agency, in approving the development plan, requires that it be amended, any of the Parties may, by notice to the other Parties given within twenty eight (28) days following such approval, elect not to proceed with the development. If no Party gives such notice, the approved plan (with any amendments as aforesaid) shall be adopted for the development, the Parties shall be obligated to participate in carrying it out, and the Operator shall be authorised and obligated to proceed in accordance with it. If less than all the Parties elect to proceed with the development, the provisions of Section 8.6.4 shall apply.

All Parties Participate. If all the Parties decide to participate in such development the Operator, under the direction of the Operating Committee, shall prepare and submit a development plan to the Danish Energy Agency. If the Danish Energy Agency, in approving the development plan, requires that it be amended, any of the Parties may, by notice to the other Parties given within twenty twenty-eight (28) days following such approval, elect not to proceed with the development. If no Party gives such notice, the approved plan (with any amendments as aforesaid) shall be adopted for the development, the Parties shall be obligated to participate in carrying it out, and the Operator shall be authorised and obligated to proceed in accordance with it. If less than all the Parties elect to proceed with the development, the provisions of Section 8.6.4 7.6.4 shall apply.

All Parties Participate. If all the Parties decide to participate in such development develop­ment the Operator, under the direction of the Operating Committee, shall prepare and submit a development plan to the Danish Energy Agency. If the Danish Energy Agency, in approving ap­proving the development plan, requires that it be amended, any of the Parties may, by notice to the other Parties given within twenty eight twenty‑eight (28) days following such approval, elect not to proceed with the developmentdevelop­ment. If no Party gives such notice, the approved plan (with any amendments amend­ments as aforesaid) shall be adopted for the development, the Parties shall be obligated to participate in carrying it out, and the Operator shall be authorised and obligated to proceed in accordance with it. If less than all the Parties elect to proceed with the development, the provisions of Section 8.6.4 7.6.4 shall apply.