Common use of Emergency Clause in Contracts

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 7 contracts

Samples: Joint Operating Agreement, Farmout Agreement (Hyperdynamics Corp), Joint Operating Agreement

AutoNDA by SimpleDocs

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs on or prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergencymatter, regardless of when they are incurred.

Appears in 4 contracts

Samples: Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are actually incurred.,

Appears in 3 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are actually incurred.

Appears in 3 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (BPZ Resources, Inc.), Joint Operating Agreement (Kosmos Energy Ltd.)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest interest share of the costs of such emergency, regardless of when they are actually incurred.

Appears in 3 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.), Joint Operating Agreement

Emergency. If a well goes out of control or a fire, blow out, sabotage ---------- or other emergency occurs prior to the effective date of a Party’s 's withdrawal, the notification of withdrawal shall become effective only after the emergency has been contained and the withdrawing Party shall remain liable has paid, or has provided, security satisfactory to the Parties for its Participating Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 2 contracts

Samples: Assignment of State Participating Interest (Triton Energy LTD), Assignment of State Participating Interest (Triton Energy LTD)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Paying Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 2 contracts

Samples: Unitization and Unit Operating Agreement, Unitization and Unit Operating Agreement (Kosmos Energy Ltd.)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s 's withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 1 contract

Samples: Joint Operating Agreement (Calibre Energy, Inc.)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to before the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Working Interest share of the costs of such uncontrolled well, fire, blow out, sabotage or other emergency, regardless of when they are incurred.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

AutoNDA by SimpleDocs

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are actually incurred.

Appears in 1 contract

Samples: Joint Operating Agreement (Fx Energy Inc)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to before the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 1 contract

Samples: Joint Operating Agreement (Discovery Energy Corp.)

Emergency. If a well goes out of control or a fire, blow outblowout, sabotage or other emergency occurs prior to the effective date of a Party’s 's withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are actually incurred.

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to before the effective date of a Party’s 's withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are incurred.

Appears in 1 contract

Samples: Joint Operating Agreement (Duma Energy Corp)

Emergency. If a well goes out of control or a fire, blow out, sabotage or other emergency occurs prior to before the effective date of a Party’s withdrawal, the withdrawing Party shall remain liable for its Participating Interest share of the costs of such emergency, regardless of when they are incurred, and the effective date of withdrawal of the withdrawing Party shall not occur until the withdrawing Party has paid its share of such costs or has provided security therefore satisfactory to the other Parties.

Appears in 1 contract

Samples: Joint Operating Agreement (Tamboran Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!