Common use of Approval of Major Modifications Clause in Contracts

Approval of Major Modifications. If the major modification of the Development Plan is approved, the Development Plan (and associated AFEs) shall be deemed modified, and the Operator shall carry out the modified Development Plan. If a major modification is not approved, the Operator shall continue to implement the Development Plan as it was before the proposed major modification.

Appears in 5 contracts

Samples: Model Agreement, Model Form Disclaimer, Model Agreement

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