COST OF SALVAGING. Working Interest Owners shall share the cost of salvaging, liquidation or other distribution of assets and properties used in Unit Operations in proportion to their respective Unit Participations then in effect in which such salvaging, liquidation or other distribution occurs.
Appears in 2 contracts
Samples: Unit Operating Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)
COST OF SALVAGING. Working Interest Owners shall share the cost of salvaging, liquidation or other distribution of assets and properties used in Unit Operations in proportion to their respective Unit Participations then in effect in which such salvaging, liquidation or other distribution occursArea Participations.
Appears in 2 contracts
Samples: Unit Operating Agreement (Pacific Energy Resources LTD), Unit Operating Agreement (Pacific Energy Resources LTD)
