Common use of Consequences of Non-Satisfaction Clause in Contracts

Consequences of Non-Satisfaction. 2.2.1 If: the Condition in clause 2.1.1(a) has not been satisfied within 30 days after the date of this Agreement; or the Condition in clause 2.1.1(b) has not been satisfied within 3 months after the date of this Agreement, (or, in either case, such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the relevant Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party. 2.2.2 If this Agreement is terminated under clause 2.2.1: each Party must execute all documents and do (or procure to be done) all acts and things necessary or desirable to place the Parties in the positions they would have been in if this Agreement and the Deed of Assignment had not been signed. In particular (but without limitation), within 30 days after the date of termination, the Assignor must reimburse to the Farmee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Interest already paid by the Farmee and the Farmee must reimburse to the Assignor any revenue received relating to the Assigned Interest; and except as otherwise expressly provided in this Agreement, no Party will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of a breach of this Agreement prior to termination under this clause.

Consequences of Non-Satisfaction. 2.2.1 If: If the Condition in clause 2.1.1(a) has not been satisfied within 30 days after the date of this Agreement; or the Condition in clause 2.1.1(b) 2.1.1 has not been satisfied within 3 months after the date of this Agreement, (or, in either case, or such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the relevant Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party. 2.2.2 If this Agreement is terminated under clause 2.2.1: : (a) each Party must execute all documents and do (or procure to be done) all acts and things necessary or desirable to place the Parties in the positions they would have been in if this Agreement and the Deed of Assignment had not been signed. In particular (but without limitation), within 30 days after the date of termination, the Assignor must reimburse to the Farmee Assignee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Interest already paid by the Farmee Assignee and the Farmee Assignee must reimburse to the Assignor any revenue received relating to the Assigned Interest; and and (b) except as otherwise expressly provided in this Agreement, no Party will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of a breach of this Agreement prior to termination under this clause.

Consequences of Non-Satisfaction. 2.2.1 If: If the Condition in clause 2.1.1(a) has not been satisfied within 30 days 18 months after the the, date of this Agreement; Agreement or the Condition in clause 2.1.1(b) has not been satisfied within 3 months after the date of this Agreement, (or, in either case, such later date as the Parties may agree in writing), then either writing then: (a) any Party may, at any time thereafter and for so long as the relevant Condition remains unsatisfied, terminate this Agreement may by giving not less than 30 14 days' prior notice in writing to the other Party. 2.2.2 If Parties terminate this Agreement is terminated under clause 2.2.1: each Party to the extent that it relates to an Assignor's Respective Interest, in which event the Farmee must execute all documents do and do (or procure to be done) done all acts and things and execute and deliver and procure the execution and delivery of all documents as may be reasonably necessary or desirable to place effect the Parties in re-transfer of the positions they would have been in Respective Interest to the Assignor which has elected to terminate or, if this Agreement and the Deed of Assignment had not been signedFarmee has elected to terminate, to each Assignor ("Terminating Assignor"). In particular (but without limitation), The Terminating Assignor must within 30 120 days after the date of termination, the Assignor must termination reimburse to the Farmee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Terminating Assignor's Respective Interest already paid by the Farmee and the Farmee must reimburse to the Assignor any revenue received relating to the Assigned InterestFarmee; and and (b) except as otherwise expressly provided in this Agreement, no Party in respect of which the Agreement has been terminated will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of *a breach of this Agreement prior to termination under this clause.

Consequences of Non-Satisfaction. 2.2.1 If: : (a) the Condition in clause 2.1.1(a) has not been satisfied within 30 days after the date of this Agreement; or or (b) the Condition in clause 2.1.1(b) has not been satisfied within 3 months after the date of this Agreement, (or, in either case, such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the relevant Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party. 2.2.2 If this Agreement is terminated under clause 2.2.1: : (a) each Party must execute all documents and do (or procure to be done) all acts and things necessary or desirable to place the Parties in the positions they would have been in if this Agreement and the Deed of Assignment had not been signed. In particular (but without limitation), within 30 days after the date of termination, the Assignor must reimburse to the Farmee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Interest already paid by the Farmee and the Farmee must reimburse to the Assignor any revenue received relating to the Assigned Interest; and and (b) except as otherwise expressly provided in this Agreement, no Party will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of a breach of this Agreement prior to termination under this clause.

Consequences of Non-Satisfaction. 2.2.1 If: If the Condition in clause 2.1.1(a) 2.1.1 has not been satisfied within 30 days after the date of this Agreement; or the Condition in clause 2.1.1(b) has not been satisfied within 3 18 months after the date of this Agreement, (or, in either case, Agreement or such later date as the Parties may agree in writing), then then: (a) either Party may, at any time thereafter and for so long as may by 14 days’ prior notice in writing to the relevant Condition remains unsatisfied, other Parties terminate this Agreement by giving not less than 30 days' prior notice to the other Party. 2.2.2 If this Agreement is terminated under clause 2.2.1: each Party extent that it relates to the Assigned Interest, in which event the Assignee must execute all documents do and do (or procure to be done) done all acts and things and execute and deliver and procure the execution and delivery of all documents as may be reasonably necessary or desirable to place effect the Parties in re-transfer of the positions they would have been in if this Agreement and Assigned Interest to the Deed of Assignment had not been signedAssignor. In particular (but without limitation), The Assignor must within 30 90 days after the date of termination, the Assignor must termination reimburse to the Farmee Assignee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Interest already paid by the Farmee and the Farmee must reimburse to the Assignor any revenue received relating to the Assigned InterestAssignee; and and (b) except as otherwise expressly provided in this Agreement, no Party in respect of which the Agreement has been terminated will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of a breach of this Agreement prior to termination under this clause. 2.2.2 If the Assignee fails to complete its obligations according to the JVOA and this Agreement, the Parties must execute all documents and do all other things necessary or desirable to place each other in the same position as they would have been had this Agreement not been executed or acted upon; including Assignee refunding all revenues from the Permits and assigning the Assigned Interest back to the Assignor and all things incidental to reassignment.

Consequences of Non-Satisfaction. 2.2.1 If: If the Condition in clause 2.1.1(a) 2.1.1 has not been satisfied within 30 days after the date of this Agreement; or the Condition in clause 2.1.1(b) has not been satisfied within 3 6 months after the date of this Agreement, (or, in either case, Agreement or such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the relevant Condition Minister's consent remains unsatisfiedoutstanding, terminate this Agreement by giving not less than 30 days' ’ prior notice to the other Party. 2.2.2 If this Agreement is terminated under clause 2.2.1: : (a) each Party must execute all documents do and do (or procure to be done) done all acts and things and execute and deliver and procure the execution and delivery of all documents as may be reasonably necessary or desirable to place the all Parties in the positions they would have been in if this Agreement and the Deed of Assignment had not been signed. In particular (but without limitation), within 30 days after the date of termination, the Assignor must reimburse to the Farmee Assignee that proportion of the amounts referred to in clause 3 that relate to the Earning Obligation or otherwise to the Assigned Interest already paid by the Farmee Assignee and the Farmee Assignee must reimburse to the Assignor any revenue received relating to the Assigned Interest; and and (b) except as otherwise expressly provided in this Agreement, no Party will have any further rights or obligations under this Agreement, and will not be liable to any other Party in respect of any damages, costs or expenses except such as may arise or have arisen as a result of a breach of this Agreement prior to termination under this clause.