Common use of Consent Requirements for Subsequent Tax Or FMV Capital Account Elections Clause in Contracts

Consent Requirements for Subsequent Tax Or FMV Capital Account Elections. Unless stipulated differently in Section 9.3, future elections, in addition to or in amendment of those in this agreement, must be approved by the affirmative vote of two (2) or more Parties owning a majority of the System Ownership.

Appears in 3 contracts

Samples: Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.)

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Consent Requirements for Subsequent Tax Or FMV Capital Account Elections. Unless stipulated differently in Section 9.3Sec. 0, future elections, in addition to or in amendment of those in this agreement, must be approved by the affirmative vote of two (2) or more Parties owning a majority of the System Ownershipworking interest based upon post-Payout ownership.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ausam Energy Corp)

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