Common use of Failure to Submit Program to Management Committee Clause in Contracts

Failure to Submit Program to Management Committee. If the Operator does not submit a Program involving Expenditures of at least $50,000 to the Management Committee for approval within a period of at least 6 months from the date of completion of the last Program (being when the report is complete and delivered to the non-Operator), then the non-Operator may propose a Program to the Management Committee for an amount not less than $50,000. If the non-Operator makes such a proposal and the Program is approved by the Management Committee, the Operator shall carry out such Program and fund its proportionate share. If the Management Committee does not approve such Program, the non-Operator may, notwithstanding Section 4.2 of this Schedule “B”, become the Operator and carry out the Program. Following the completion of such Program Section 4.2 of this Schedule “B” shall apply once again.

Failure to Submit Program to Management Committee. If the Operator does not submit a Program involving Expenditures of at least $50,000 100,000 to the Management Committee for approval within a period of at least 6 six months from the date of completion of the last Program (being when the report is complete and delivered to the non-Operator), then the non-Operator may propose a Program to the Management Committee for an amount not less than $50,000100,000. If the non-Operator makes such a proposal and the Program is approved by the Management Committee, the Operator shall carry out such Program and fund its proportionate share. If the Management Committee does not approve such Program, the non-Operator may, notwithstanding Section 4.2 of this Schedule “B”"C", become the Operator and carry out the Program. Following the completion of such Program Section 4.2 of this Schedule “B” "C" shall apply once again.

Failure to Submit Program to Management Committee. If the Operator does not submit a Program involving Expenditures of at least $50,000 100,000 to the Management Committee for approval within a period of at least 6 six (6) months from the date of completion of the last Program (being when the report is complete and delivered to the non-Operatornon•Operator), then the non-Operator may propose a Program to the Management Committee for an amount not less than $50,000100,000. If the non-Operator makes such a proposal and the Program is approved by the Management Committee, the Operator shall carry out such Program and fund its proportionate share. If the Management Committee does not approve such Program, the non-Operator may, notwithstanding Section 4.2 of this Schedule “B”4.2, become the Operator and carry out the Program. Following the completion of such Program Section 4.2 of this Schedule “B” shall apply once again.

Failure to Submit Program to Management Committee. If the Operator does not submit a Program involving Expenditures of at least $50,000 100,000 to the Management Committee for approval within a period of at least 6 six months from the date of completion of the last Program (being when the report is complete and delivered to the non-Operator), then the non-Operator may propose a Program to the Management Committee for an amount not less than $50,000100,000. If the non-Operator makes such a proposal and the Program is approved by the Management Committee, the Operator shall carry out such Program and fund its proportionate share. If the Management Committee does not approve such Program, the non-Operator may, notwithstanding Section 4.2 of this Schedule “BC”, become the Operator and carry out the Program. Following the completion of such Program Section 4.2 of this Schedule “BC” shall apply once again.

Failure to Submit Program to Management Committee. If the Operator does not submit a Program involving Expenditures of at least $50,000 100,000 to the Management Committee for approval within a period of at least 6 six (6) months from the date of completion of the last Program (being when the report is complete and delivered to the non-Operator), then the non-Operator may propose a Program to the Management Committee for an amount not less than $50,000100,000. If the non-Operator makes such a proposal and the Program is approved by the Management Committee, the Operator shall carry out such Program and fund its proportionate share. If the Management Committee does not approve such Program, the non-Operator may, notwithstanding Section 4.2 of this Schedule “B”4.2, become the Operator and carry out the Program. Following the completion of such Program Section 4.2 of this Schedule “B” shall apply once again.