Interests of Parties. The parties have a clear and direct interest in a procedure that provides for timely resolution in the event that their agreement is violated. An effective procedure must emphasize: • a problem solving approach, • a means for interest reconciliation as close as possible to the point of origin, • a mechanism for finality. While individuals may initiate grievances, XXXX will decide whether to advance, settle or arbitrate them. Time limits and other requirements for the performance of this grievance procedure may be extended/amended by mutual consent of the parties.
Interests of Parties. A. RVSC receives priority usage of U.S. Cellular Community Park multi-purpose fields on a year-round basis, as specified in Exhibit A. RVSC receives priority usage of natural-grass fields Feb. 1 through Oct. 31, as specified in Exhibit A.
B. This agreement shall not be construed to create any leasehold interest in or by any entity. All fields shall be and at all times remain a public recreation facility for the CITY, and any benefits to RVSC shall be incidental to this primary purpose. All fields shall be available for public use or for CITY allocation when not scheduled with events sanctioned by RVSC.
Interests of Parties. A OIL AND GAS INTERESTS: If any party owns an Oil and Gas Interest in the Contract Area, that Interest shall be treated for all purposes of this agreement and during the term hereof as if it were covered by the form of Oil and Gas Lease attached hereto as Exhibit "B," and the owner thereof shall be deemed to own both royalty interest in such lease and the interest of the lessee thereunder.
Interests of Parties. Unless changed by other provisions, all costs and liabilities incurred in operations under this contract shall be borne and paid proportionally and all equipment and material acquired in operations on the Unit Area shall be owned by the parties as their respective interests bear to the entire leasehold. All production of oil and gas from the Unit Area shall also be owned by the parties in the same manner subject to all royalties overriding royalties and production payments in the nature of an overriding royalty.
Interests of Parties. 2.1 Except as otherwise provided in this Agreement, the Property shall be owned as shown on Exhibit "A" attached hereto and made a part hereof for all purposes.
2.2 Subject to the rights of Chevron U.S.A. Inc. to purchase production from the Lease and to the other provisions hereof, each Party shall own and shall have the right to receive in kind and to separately dispose of its proportionate share of the oil and gas production from the Lease which shall be delivered to such Party, at its option, at the outlet of the production facilities on the production facilities platform(s); or to its credit in the pipeline to which the well or xxxxx or production facilities platform(s) may be connected. Any extra expenditure incurred in the receiving in kind or separate disposition by any Party of its proportionate share of the production shall be borne by such Party. Where a Party hereto elects to receive in kind or separately dispose of its share of production, such Party shall have the obligation to make payment of all royalties and other burdens (including the Production Payment reserved or owned by Chevron U.S.A. Inc.) attributable to the share of production taken or disposed of by such electing Party and such Party shall furnish Operator with full information regarding such royalty and other payments. In the event that a Party does not elect to receive in kind or separately dispose of its share of production and such share is sold by Operator pursuant to the provisions of Paragraph 2.3, Operator shall make the royalty and other payments on production attributable to such share, but shall not be liable to the party(s) that owns such share for any good faith failure to make any such payment properly or punctually.
2.3 In the event any Party shall fail to take in kind or separately dispose of its proportionate share of production from the Lease, Operator shall have the right, but not the obligation to purchase such production or sell it to others for the time being, at the best price obtainable which shall in no event be less than the price which Operator receives for its portion of the production from the Lease. Operator's authority to sell such production shall be revocable at the will of the owner thereof, and the term of any contract for the sale of such production shall be for no longer period than is commensurate with the minimum needs of the industry under the particular circumstances and in no event longer than one year. Any such purchase or sale by Operat...
Interests of Parties. The remaining Escrow Funds attributable to the Oil & Gas Lease, if any, as of the Effective Date (the “Remaining Escrow Funds”), shall be applied to the costs and liabilities incurred in operations pursuant to this Agreement to the extent consistent with the “part one work plan” set forth in the Option Agreement’s Exhibit 1.2(c), prior to any other costs and liabilities being incurred by the Parties in operations hereunder. After the expenditure of the Remaining Escrow Funds, the Desert Discoveries Net Sales Proceeds shall be applied to the costs and liabilities incurred in operations conducted pursuant to this Agreement, prior to any other costs and liabilities being incurred by the Parties in operations hereunder. Thereafter, all costs and liabilities incurred in operations conducted under this Agreement shall be borne and paid by the Parties as their respective interests are set forth in Exhibit A, except as may be otherwise expressly provided for herein. All equipment and materials acquired in operations hereunder on the Oil and Gas Leases shall be owned by the Parties as their respective interests are set forth in Exhibit A. Subject to the provisions of this Agreement, the Parties shall also own all production of Oil and Gas from the Oil and Gas Leases as their respective interests are set forth in Exhibit A, subject, however, to the payment of royalties and other burdens on production as described herein. The Oil and Gas Leases are jointly owned by the Parties and the Parties’ respective undivided interests in the Oil and Gas Leases shall be deemed separate leasehold interests for the purposes of this Agreement. If any Party has contributed an interest in the Oil and Gas Leases which are burdened (whether before or after this Agreement’s Effective Date) with an assignment of production given as security for the payment of money or with any royalty, overriding royalty, production payment, or other burden on production other than the royalty due and payable to the BLM under the Oil and Gas Leases (an “Additional Burden”), the Party or Parties so burdened (each a “Burdened Party”) shall assume and alone bear all the obligations of such Additional Burden(s) and shall indemnify, defend and hold the other Parties harmless from any and all claims attributable to such respective Additional Burden(s). Further, if a Burdened Party fails to pay, when due, its share of expenses chargeable hereunder, all provisions of Article VII.B. shall be enforceable against t...
Interests of Parties. In the event the Leased Premises, or any part thereof, shall be taken for public purposes by condemnation as a result of any action or proceeding in eminent domain, or shall be transferred in lieu of condemnation to any entity entitled to exercise the power of eminent domain, other than the City of Xxxxx, the interest of Lessor and Xxxxxx in the award or consideration for such transfer and the effect of the taking or transfer on this lease shall be as provided by this Article.
Interests of Parties. If the Leased Premises or any part thereof is taken for public or quasi-public purposes by condemnation as a result of any action or proceeding in eminent domain, or is transferred in lieu of condemnation to any authority entitled to exercise the power of eminent domain, all condemnation proceeds will be payable to Lessor and the interests of Lessor and Lessee under this Agreement are as provided by this Article.
Interests of Parties. 8 9.02. Termination on Total Taking.......................................................................8 9.03. Termination on Partial Taking.....................................................................9 9.04. Continuation With Rent Abatement After Partial Taking.............................................9 9.05.
Interests of Parties. If the Leased Land and Improvements or any part of these premises is taken for public or quasi-public purposes by condemnation in any action or proceeding in eminent domain, or are transferred in lieu of condemnation to any authority entitled to exercise the power of eminent domain, the interests of Lessor and Lessee in the award or consideration for the taking or transfer and the effect of the taking or transfer on this Lease shall be governed by this Article IX.
