Common use of Existing Interests Clause in Contracts

Existing Interests. The Executive has in the past conducted oil and gas activities individually and through Chesapeake Investments, an Oklahoma Limited Partnership, and other entities owned or controlled by the Executive (collectively, the “Executive Affiliates”). The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxx) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement or which the Executive or the Executive Affiliates acquired from the Company under the Prior agreements (collectively, the “Prior Interests”). To the extent that the oil and gas interests or activities covered by this paragraph 3.2 are operated by the Company the Executive agrees to pay any costs or expenses with respect to the Prior Interests in accordance with the Founder Well Participation Program (the “FWP Program”).

Existing Interests. The Executive has in the past conducted oil and gas activities individually and through Chesapeake Investments, an Oklahoma Limited Partnership, and other entities owned or controlled by the Executive (collectively, the “Executive Affiliates”). The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxx) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement or which the Executive or the Executive Affiliates acquired from the Company under the Prior agreements (collectively, the “Prior Interests”). To the extent that the oil and gas interests or activities covered by this paragraph 3.2 are operated by the Company the Executive agrees to pay any costs or expenses with respect to the Prior Interests in accordance with the Founder Well Participation Program (the “FWP Program”).

Existing Interests. The Executive has in the past conducted oil and gas activities individually and through Chesapeake TLW Investments, Inc., an Oklahoma Limited Partnershipcorporation, and other entities owned or controlled by the Executive (collectively, the “Executive Affiliates”). The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxx) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement or which the Executive or the Executive Affiliates acquired from the Company under the Prior agreements (collectively, the “Prior Interests”). To the extent that the oil and gas interests or activities covered by this paragraph 3.2 are operated by the Company the Executive agrees to pay any costs or expenses with respect to the Prior Interests in accordance with the Founder Well Participation Program (the “FWP Program”).

Existing Interests. The Executive has in the past conducted oil and gas activities individually and through Chesapeake Investments, an Oklahoma Limited Partnership, Investments and other entities owned or controlled by the Executive (collectively, the “"Executive Affiliates”"). The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxxwells) directly or through the Executive Affiliates, but xxx only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement July 1, 2001, or which the Executive or the Executive Affiliates acquired from the Company under this Agreement or prior agreements with the Prior agreements Company (collectively, the “"Prior Interests”"). To the extent that the oil and gas interests or activities covered by this paragraph 3.2 3.1 are operated by the Company the Executive agrees to pay any costs or expenses with respect ownership and participation will be subject to the Prior Interests payment and revenue adjustment provisions set forth in accordance with the Founder Well Participation Program (the “FWP Program”)this paragraph 3.

Existing Interests. The Executive has in the past conducted oil and gas activities individually and through Chesapeake Investments, an Oklahoma Limited Partnership, and other entities owned or controlled by the Executive (collectively, the “Executive Affiliates”). The Executive will be permitted to continue to conduct oil and gas activities (including participation in new xxxxxwxxxx) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement July 1, 2001, or which the Executive or the Executive Affiliates acquired from the Company under this Agreement or prior agreements with the Prior agreements Company (collectively, the “Prior Interests”). To the extent that the oil and gas interests or activities covered by this paragraph 3.2 3.1 are operated by the Company Company, the Executive agrees to pay any costs or expenses with respect ownership and participation will be subject to the Prior Interests payment provisions set forth in accordance with the Founder Well Participation Program (the “FWP Program”)this paragraph 3.