Formation and Responsibilities of the Technical Committee Sample Clauses

Formation and Responsibilities of the Technical Committee. The Parties agree to form a technical committee (the “Committee”) which will be charged with technical oversight and decision-making authority for the geophysical and drilling activities to be carried out by GEXCO on the Whistler Project (the “Program”) as defined in Section 4.2.3 and as set forth in Exhibit A, attached hereto and incorporated by reference. 4.2.2.1 The Committee will consist of two representatives designated by each Party within 30 days of the Effective Date. Each Party may replace either of its representatives at any time upon notice to the other Party. Each representative will have a background in geology, geophysics or another appropriate technical discipline or experience suitable to provide informed input to the Committee with respect to the activities contemplated by this Amendment. 4.2.2.2 The Committee will meet regularly upon the request of either Party at mutually convenient locations but in no case will the Committee meet less than once per calendar quarter. Upon agreement by both Parties, the Committee may meet by conference call. 4.2.2.3 The Committee will determine the details to be implemented by GEXCO in carrying out the geophysics and drilling programs described in Section 4.2.3
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