Distribution of undivided interests. Unless Section 7.5.1 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital accounts.
Appears in 5 contracts
Samples: Amendment Agreement (Alamo Energy Corp.), Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp)
Distribution of undivided interests. Unless Section 7.5.1 Sec.7.5.1 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital accounts.
Appears in 2 contracts
Samples: Exploration and Development Agreement (ZaZa Energy Corp), Exploration and Development Agreement (ZaZa Energy Corp)
Distribution of undivided interests. Unless Section Sec. 7.5.1 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital cap accounts.
Appears in 2 contracts
Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)
Distribution of undivided interests. Unless Section 7.5.1 Sec. 7 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital accounts.
Appears in 1 contract
Distribution of undivided interests. Unless Section Sec. 7.5.1 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital accounts.
Appears in 1 contract
Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
Distribution of undivided interests. Unless Section 7.5.1 Sec.0 applies, an undivided interest in each and every property shall be distributed to one or more Parties in accordance with the ratios of their FMV capital accounts.
Appears in 1 contract
