Common use of Clause 13 Clause in Contracts

Clause 13. 2.1 shall not apply in connection with any Excluded Project, provided that, unless Golar otherwise agrees in writing, the Schlumberger Group, in contemplating or carrying out such Excluded Project, is not involved in any incorporated or unincorporated joint venture with a Defined Competitor of Golar. Golar acknowledges that, notwithstanding the provisions of Clause 13.2.1, Schlumberger shall have the right to contemplate or carry out an investment in any entity or asset carrying out an activity competing with that of the JV Group provided that: (a) the Restricted Business does not constitute more than twenty percent (20%) of the business of the going concern or the entity in which Schlumberger is contemplating an investment; or (b) Schlumberger’s contemplated investment does not exceed twenty percent (20%) in a Restricted Business, and Schlumberger has no ability to direct the management of such Restricted Business.

Clause 13. 2.1 1.1 shall not apply in connection with any Excluded Project, provided that, unless Golar Schlumberger otherwise agrees in writing, the Schlumberger Golar Group, in contemplating or carrying out such Excluded Project, is not involved in any incorporated or unincorporated joint venture with a Defined Competitor of GolarSchlumberger. Golar Schlumberger acknowledges that, notwithstanding the provisions of Clause 13.2.113.1.1, Schlumberger Golar shall have the right to contemplate or carry out an investment in any entity or asset carrying out an activity competing with that of the JV Group provided that: (a) the Restricted Business does not constitute more than twenty percent (20%) of the business of the going concern or the entity in which Schlumberger Golar is contemplating an investment; or (b) SchlumbergerGolar’s contemplated investment does not exceed twenty percent (20%) in a Restricted Business, and Schlumberger Golar has no ability to direct the management of such Restricted Business.

Clause 13. 2.1 1.1 shall not apply in connection with any Excluded Project, provided that, unless Golar Schlumberger otherwise agrees in writing, the Schlumberger Golar Group, in contemplating or carrying out such Excluded Project, is not involved in any incorporated or unincorporated joint venture with a Defined Competitor of GolarSchlumberger. Golar Schlumberger acknowledges that, notwithstanding the provisions of Clause 13.2.113.1.1, Schlumberger Golar shall have the right to contemplate or carry out an investment in any entity or asset carrying out an activity competing with that of the JV Group provided that: (a) the Restricted Business does not constitute more than twenty percent (20%) of the business of the going concern or the entity in which Schlumberger Golar is contemplating an investment; or or (b) SchlumbergerGolar’s contemplated investment does not exceed twenty percent (20%) in a Restricted Business, and Schlumberger Golar has no ability to direct the management of such Restricted Business.