Common use of DISPOSAL OF MATERIAL Clause in Contracts

DISPOSAL OF MATERIAL. The Operator may purchase, but shall be under no obligation to purchase, interest of Non-Operators in surplus Condition “A” or “B” Material. The disposition of surplus Controllable Material, not purchased by Operator, shall be agreed to by Operator and Non-Operators, provided Operator shall dispose of normal accumulations of junk and scrap Material either by transfer or sale from Joint Property.

Appears in 4 contracts

Samples: Unit Operating Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)

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DISPOSAL OF MATERIAL. The Operator may purchase, but shall be under no obligation to purchase, the interest of Non-Operators in surplus Condition "A" or "B" Material. The disposition of surplus Controllable Material, not purchased by Operator, shall be agreed subject to by agreement between Operator and Non-Operators, provided Operator shall dispose of normal accumulations of junk and scrap Material either by transfer or sale from the Joint Property.

Appears in 1 contract

Samples: Operating Agreement (Enterprise Products Partners L P)

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