Division in Kind. Division of Material in kind, if made between the Parties, shall be in proportion to their respective interests in such Material. Each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.2) of the Material received or receivable by it.
Appears in 10 contracts
Samples: Joint Operating Agreement, Purchase and Sale Agreement (Hyperdynamics Corp), Joint Operating Agreement (BPZ Resources, Inc.)
Division in Kind. Division of Material Materials in kind, if made between the Parties, shall be in proportion to their respective interests in such MaterialMaterials. Each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.25.2 above) of the Material Materials received or receivable by it.
Appears in 4 contracts
Samples: Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)
Division in Kind. Division of Material in kind, if made between the Parties, shall will be in proportion to their respective interests in such Material. Each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.2) 5.2 of the Material received or receivable by it.
Appears in 3 contracts
Samples: Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons
Division in Kind. Division of If Material in kind, if made between is divided among the Parties, the division shall be in proportion to their the Parties’ respective interests in such the Material. Each Thereupon, the Operator shall charge each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.2) of the Material received or receivable by it.
Appears in 2 contracts
Samples: Farmout Agreement (Hyperdynamics Corp), Joint Operating Agreement (CAMAC Energy Inc.)
Division in Kind. Division of Material in kind, if made between the Parties, shall be in proportion to their respective interests in such Material. Each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.2) of the Material received or receivable by it, net of all applicable costs of transportation and handling.
Appears in 1 contract
Samples: International Operating Agreement (Geoglobal Resources Inc.)
Division in Kind. Division of Material in kind, if made between the Parties, shall be in proportion to their respective interests in such Material. Each Party will thereupon be charged individually with the value (determined in accordance with the procedure set forth in Section 5.2) of the Material received or receivable by it.. Alliance Operating Agreement - 20F
Appears in 1 contract
Division in Kind. Division of Material in kind, if made between the Parties, shall be in proportion to their respective interests in such Material. Each Party will thereupon be charged individually individu ally with the value (determined in accordance with the procedure set forth in Section 5.2) of the Material received or receivable by it.
Appears in 1 contract
Samples: International Operating Agreement (Seven Seas Petroleum Inc)
