Common use of DISPOSITION OF SURPLUS JOINT VENTURE ASSETS Clause in Contracts

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.2, the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.2Section 3.8 of this Schedule “C”, the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.214.2, the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.2Section 3.8, the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.2Section 3.8 of this Schedule “B”, the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.

DISPOSITION OF SURPLUS JOINT VENTURE ASSETS. Subject to section 13.2Section 3.8 of this Schedule "C", the Operator may from time to time sell or otherwise dispose of such part of the Joint Venture Assets as are no longer required for Joint Venture operations. The Operator shall pay the net proceeds received in respect of such Joint Venture Assets, if any, to the Parties in proportion to their respective Joint Venture Interests.