Disposition of Production. (a) Each participant shall have the right to take its share of production in kind. (b) The operator will be free to sell the share of production of any participant who fails to take its share in kind or make arrangements for sale, deducting its costs and expenses from the proceeds.
Appears in 11 contracts
Samples: Option Agreement (Almaden Minerals LTD), Option Agreement (Lincoln Gold Corp), Option Agreement (Almaden Minerals LTD)
Disposition of Production. (a) Each participant shall will have the right and obligation to take its share of production in kind, but is free to make separate arrangements with operator to market its share.
(b) The operator will be free to sell the share of production of any participant who fails to take its share in kind or make arrangements for sale, deducting its costs and expenses from the proceeds.
Appears in 4 contracts
Samples: Option Agreement (Tournigan Gold Corp), Option Agreement (Tournigan Gold Corp), Option Agreement (Tournigan Gold Corp)
Disposition of Production. (a) Each participant shall have the right to take its interest share of production in kind.
(b) The operator Operator will be free to sell the share of production of any participant who fails to take its share in kind or make arrangements for sale, deducting its costs and expenses from the proceeds.. {4154-001\00506864.DOC.7}
Appears in 1 contract
Disposition of Production. (a) Each participant shall have the right to take its interest share of production in kind.
(ba) The operator Operator will be free to sell the share of production of any participant who fails to take its share in kind or make arrangements for sale, deducting its costs and expenses from the proceeds.
Appears in 1 contract
Disposition of Production. (a) Each participant shall have the right to take its share of production in kind.
(b) The operator Operator will be free to sell the share of production of any participant who fails to take its share in kind or make arrangements for sale, deducting its costs and expenses from the proceeds.
Appears in 1 contract
Samples: Mineral Option Agreement
