Common use of During Program Term Clause in Contracts

During Program Term. During the Program Term, at the same time as McMoRan designates a Prospect under Paragraph 8.1 above or thereafter when it commits the Exploration Fund to the drilling of an Exploratory Well thereon or as soon as possible after McMoRan has received notice from a third party joint interest owner that it proposes the drilling of a well thereon, McMoRan shall provide to Participant (if not previously furnished and requested in writing by Participant) the following information:

Appears in 4 contracts

Samples: Participation Agreement (McMoran Oil & Gas Co /De/), Program Operating Agreement (Phosphate Resource Partners Limited Partnership), Participation Agreement (McMoran Exploration Co /De/)

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