Allocation of Percentage Interests. A withdrawing Party shall assign all of its said Percentage Interest to such non withdrawing Parties as wish or are obliged to accept, and the said interest shall (unless otherwise agreed by such non withdrawing Parties) be allocated to them in the proportion in which their respective Percentage Interests prior to the effective date of withdrawal (as hereinafter defined) bear to the total of the same.
Appears in 3 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement
Allocation of Percentage Interests. A withdrawing Party shall assign all of its said Percentage Interest to such non non-withdrawing Parties as wish or are obliged to accept, and the said interest shall (unless otherwise agreed by such non non-withdrawing Parties) be allocated to them in the proportion in which their respective Percentage Interests prior to the effective date of withdrawal (as hereinafter defined) bear to the total of the same.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement
Allocation of Percentage Interests. A withdrawing Party shall assign all of its said Percentage Interest to such non non-withdrawing Parties as wish or are obliged to acceptaccept it, and the said interest which shall (unless otherwise agreed by such non non- withdrawing Parties) be allocated to them in the proportion in which their respective Percentage Interests prior to the effective date of withdrawal (as hereinafter defined) bear to the total of the same.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement
Allocation of Percentage Interests. A withdrawing Party shall assign all of its said Percentage Interest to such non withdrawing non‑withdrawing Parties as wish or are obliged to accept, and the said interest shall (unless otherwise agreed by such non withdrawing non‑withdrawing Parties) be allocated to them in the proportion in which their respective Percentage Interests prior to the effective date of withdrawal (as hereinafter defined) bear to the total of the same.
Appears in 1 contract
Samples: Joint Operating Agreement