Future Litigation and Claims Sample Clauses

Future Litigation and Claims. (a) With respect to future Litigation or Claims, as soon as practicable after the identification of such Litigation or Claims by any Party, the Parties shall consult with a view to reaching an agreement on whether they can allocate responsibility for such matters between the parties in accordance with the statement of intent set forth in Section 1 of this Agreement. It is the intent of the Parties that the Litigation and Claims provided for be assumed fully by one Party or the other, or that the parties agree to allocate responsibility for such Litigation or Claims between themselves in the same fashion as envisioned for the Schedule C Litigation. (b) If the Parties are unable to allocate responsibility for any Litigation or Claims hereunder, then the Parties may agree that such allocations shall be as determined by any third party (such as an outside law firm) who has been granted authority by the Parties to determine such allocation, or, any party may elect to cause any allocation to be determined by an Arbitrator as set out below.

Future Litigation and Claims. 40 22. FORCE MAJEURE .........................................................................41 -------------

Future Litigation and Claims. Company acknowledges and agrees that Chevron and its Affiliates will have full and unfettered discretion in the handling and settling of any such claim, demand, action, cause of action, or lawsuit for events which occurred, or alleged to have occurred prior to the Effective Date pursuant to any future litigation as they relate to the Chevron Lease(s), and Company specifically waives any claim it may otherwise have against Chevron arising out of or relating to the handling or settling of any such claim, demand, action, cause of action, or lawsuit asserted under future litigation; provided, however, that in the event that such claim contemplated by this Section 21.2 covers periods after the Effective Date, Company may assist in defending the litigation. Chevron agrees that no such claim, demand, action, or cause of action, or lawsuit arising out of or related to acts or omissions occurring prior to the Effective Date will impair or affect any interest to be assigned to Company under this Agreement or will impose any cost or liability on Company.

Future Litigation and Claims. Ridgewood acknowledges and agrees that Chevron and its Affiliates shall have full and unfettered discretion in the handling and settling of any such claim, demand, action, cause of action, or lawsuit for events which occurred, or alleged to have occurred prior to the Effective Date pursuant to any future litigation as they relate to the Chevron Leases, and Ridgewood specifically waives any claim it may otherwise have against Chevron arising out of or relating to the handling or settling of any such claim, demand, action, cause of action, or lawsuit asserted under future litigation; provided, however, that in the event that such claim contemplated by this Section 21.2 covers periods after the Effective Date, Ridgewood may assist in defending the litigation. Chevron agrees that no such claim, demand, action, or cause of action, or lawsuit arising out of or related to acts or omissions occurring prior to the Effective Date will impair or affect any interest to be assigned to Ridgewood under this Agreement or will impose any cost or liability on Ridgewood.