Development Operations. Operations on the LEASES other than EXPLORATORY OPERATIONS as defined in Section 2.5 below.
Development Operations. To the knowledge of either Seller or its respective Subsidiaries, there are in existence no facts or circumstances that should reasonably cause a Seller or a Subsidiary to conclude that any development operations on the Sellers Evaluated Properties that are contemplated by the Sellers Reserve Report will not be permitted under applicable laws and governmental rules and regulations or that any third party may have a reasonable basis to cause any court or governmental agency with jurisdiction over such operations to cause the suspension or termination of such operations.
Development Operations. To the knowledge of either Purchaser, there are in existence no facts or circumstances that should reasonably cause a Purchaser to conclude that any development operations on the Purchasers Evaluated Properties that are contemplated by the Purchasers Reserve Report will not be permitted under applicable laws and governmental rules and regulations or that any third party may have a reasonable basis to cause any court or governmental agency with jurisdiction over such operations to cause the suspension or termination of such operations.
Development Operations. Operations on the Lease other than Exploratory Operations as defined in Article 2.5 herein.
Development Operations. There shall be no minimum participating percentage approval necessary to conduct a Lease Maintenance Operation.
Development Operations. ☐ [Optional provision; check if applicable, that is, if the appropriate option in Article 11.6 is selected.] or under Article 11.6 (Operations Before the Approval of the Development Plan).
Development Operations. Drilling Operations (a well to be drilled, recompleted, deepened, or plugged back) on the Lease scheduled for an objective zone, horizon or formation which, as a result of previous drilling, has been established as producible under 2.16 below.
Development Operations. The Parties acknowledge that obtaining access to surface sites for xxxxx, pipelines and facilities is becoming more costly and increasingly difficult on the Osage Mineral Estate.
Development Operations. (a) All Development Operations conducted by any Third Party Operator shall be conducted subject to the terms and conditions of the Applicable Operating Agreement or Springfield Ownership Agreement, as applicable. SM shall not, without Mitsui’s prior written consent (which consent shall not be unreasonably withheld or delayed) amend or agree to amend the Anadarko Agreement, including the form of Joint Operating Agreement attached to the Anadarko Agreement as Exhibit C, or consent to the use of any form of joint operating agreement for an acquisition under the Anadarko AMI other than the form attached to the Anadarko Agreement as Exhibit C (except an operating agreement already in place for Leases and/or Xxxxx at the time SM agrees to acquire such Leases and/or Xxxxx).
(b) All Development Operations conducted by SM as Operator shall be conducted subject to the terms and conditions of the applicable SMJOA.
(c) Pursuant to Section 3.2, Mitsui shall be responsible for funding all Carried Costs resulting from any Development Operation, as well as paying its own Development Costs with respect to any such Development Operation if it elects to participate in such Development Operation. Except as provided in the preceding sentence, SM shall be responsible for its own Development Costs with respect to any such Development Operation. Mitsui and SM shall make all required payments for Carried Costs and Development Costs, as applicable, for such Development Operation in accordance with the provisions of Section 3.8.
(d) From and after the Closing Date until the Carry Termination Event, subject to the terms of the Applicable Operating Agreement and the Springfield Ownership Agreement, each Development Party shall have the right to non-consent any proposed Development Operation; provided, however, that if SM elects to participate in any Development Operation, Mitsui shall be required to fund all applicable Carried Costs with respect to such Development Operation, regardless of whether Mitsui also elects to participate in such Development Operation.
Development Operations. The parties hereby agree to carry out their respective obligations pursuant to and in accordance with the Final Specifications and Development Schedule. In addition to the requirements set forth in the Final Specifications and Development Schedule, Sony agrees to provide technology resources which Sony deems necessary to assist in SmartDisk's understanding of the Memory Stick so as to enable SmartDisk to develop the Product.
