Common use of Consequences of Abandonment Clause in Contracts

Consequences of Abandonment. 4.2.2.1 If the WIOs Abandon the IPS Project and have incurred costs for Point Thomson Development during the period between year-end 2007 and year- end 2015 of less than $2.0 billion dollars, then all Point Thomson Unit area acreage except for acreage included in Area A and Area B on Exhibit C shall be released to the State Without Appeal at year-end 2015.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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