Common use of Counterproposals Clause in Contracts

Counterproposals. When a Platform and/or Develxxxxxt Facilities is proposed under Article 12.1, a Party may, within thirty (30) days after receipt of the AFE or notice for the original proposal, make a counterproposal to fabricate or otherwise acquire and install said Platform and/or Development Facilities by sending an AFE or notice to the other Parties in accordance with Article 9 (Notices). The AFE or notice shall indicate that the proposal is a counterproposal to the original proposal. If one or more counterproposals are made, each Party shall elect to participate in either the original proposal, one counterproposal, or neither the original proposal nor a counterproposal. If two or more proposals receive the approval of the number of Parties and combined Working Interests required by Article 12.

Counterproposals. When a Platform and/or Develxxxxxt Development Facilities is proposed under Article 12.1, a Party may, within thirty (30) days after receipt of the AFE or notice for the original proposal, make a counterproposal to fabricate or otherwise acquire and install said Platform and/or Development Facilities by sending an AFE or notice to the other Parties in accordance with Article 9 (Notices). The AFE or notice shall indicate that the proposal is a counterproposal to the original proposal. If one or more counterproposals are made, each Party shall elect to participate in either the original proposal, one (1) counterproposal, or neither the original proposal nor a counterproposal. If two (2) or more proposals receive the approval of the number of Parties and combined Working Interests required by Article 12.

Counterproposals. When a Platform and/or Develxxxxxt Processing Facilities is proposed under Article 12.1, a Party may, within thirty (30) days after receipt of the AFE or notice for the original proposal, make a counterproposal proposal, hereinafter referred to as "Counterproposal," to fabricate or otherwise acquire and install said Platform and/or Development Processing Facilities by sending an AFE APE or notice to the other Parties in accordance with Article 9 (Notices). The AFE APE or notice shall indicate that the proposal is a counterproposal Counterproposal to the original proposal. If one or more counterproposals Counterproposals are made, each Party shall elect to participate in either the original proposal, one counterproposalCounterproposal, or neither the original proposal nor a counterproposal. If two or more proposals receive the approval of the number of Parties and combined Working Interests required by Article 12Counterproposal.