Common use of - Force Majeure and Suspending Events Clause in Contracts

- Force Majeure and Suspending Events. (A) (1) If, at any time this Agreement is being maintained by Injection occurring on a Specific Area of Interest, and Operator is prevented from continuing Injection by the occurrence of a Force Majeure or Suspending Event as defined in this Article, (“Incident”), and Operator cannot maintain this Agreement under any other operative provision of this Agreement, then and only then shall the date for Operator to re-commence Injection in order to maintain this Agreement be postponed on a day-for-day basis for so long as the adverse effects of the Incident continue, providing that Operator provides OMR with notice in accordance with section (B) of this Article and that Operator is diligently, reasonably, and in good faith attempting to mitigate and eliminate the effects of the Incident to the extent such mitigation is within Operator’s control. The occurrence of an Incident shall not maintain this Agreement for more than twelve (12) months from the date of the Incident onset unless extended by the State.

Appears in 5 contracts

Samples: Carbon Dioxide Storage Agreement, Operating Agreement, Operating Agreement

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- Force Majeure and Suspending Events. (A) (1) If, at any time this Agreement is being maintained by Injection occurring on a Specific Area of InterestInjection, and Operator is prevented from continuing Injection by the occurrence of a Force Majeure or Suspending Event as defined in this Article, (“Incident”), and Operator cannot maintain this Agreement under any other operative provision of this Agreement, then and only then shall the date for Operator to re-re- commence Injection in order to maintain this Agreement be postponed on a day-for-day basis for so long as the adverse effects of the Incident continue, providing that Operator provides OMR with notice in accordance with section (B) of this Article and that Operator is diligently, reasonably, and in good faith attempting to mitigate and eliminate the effects of the Incident to the extent such mitigation is within Operator’s control. The occurrence of an Incident shall not maintain this Agreement for more than twelve (12) months from the date of the Incident onset unless extended by the State.

Appears in 5 contracts

Samples: Carbon Dioxide Storage Agreement, Carbon Dioxide Storage Agreement, Carbon Dioxide Storage Agreement

- Force Majeure and Suspending Events. (A) (1) If, at any time time, this Agreement is being maintained by Injection occurring on a Specific Area of InterestInjection, and Operator is prevented from continuing Injection by the occurrence of a Force Majeure or Suspending Event as defined in this Article, (“Incident”), and Operator cannot maintain this Agreement under any other operative provision of this Agreement, then and only then shall the date for Operator to re-re- commence Injection in order to maintain this Agreement be postponed on a day-for-day basis for so long as the adverse effects of the Incident continue, providing that Operator provides OMR with notice in accordance with section (B) of this Article and that Operator is diligently, reasonably, and in good faith attempting to mitigate and eliminate the effects of the Incident to the extent such mitigation is within Operator’s control. The occurrence of an Incident shall not maintain this Agreement for more than twelve (12) months from the date of the Incident onset unless extended by the State.

Appears in 1 contract

Samples: Carbon Dioxide Storage Agreement

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- Force Majeure and Suspending Events. (A) (1) If, at any time time, this Agreement is being maintained by Injection occurring on a Specific Area of InterestInjection, and Operator is prevented from continuing Injection by the occurrence of a Force Majeure or Suspending Event as defined in this Article, Article (“Incident”), and Operator cannot maintain this Agreement under any other operative provision of this Agreement, then and only then shall the date for Operator to re-re- commence Injection in order to maintain this Agreement be postponed on a day-for-day basis for so long as the adverse effects of the Incident continue, providing that Operator provides OMR with notice in accordance with section (B) of this Article and that Operator is diligently, reasonably, and in good faith attempting to mitigate and eliminate the effects of the Incident to the extent such mitigation is within Operator’s control. The occurrence of an Incident shall not maintain this Agreement for more than twelve (12) months from the date of the Incident onset unless extended by the State.

Appears in 1 contract

Samples: Carbon Dioxide Storage Agreement

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