Material Purchased by a Party or Affiliate. Material purchased from the Joint Property by a Party or an Affiliate thereof shall be credited by Operator to the Joint Account, with new Material valued in the same manner as new Material under Section 4.2.1 and used Material valued in the same manner as used Material under Section 4.2.2, unless otherwise agreed by the Operating Committee.
Appears in 5 contracts
Samples: Operating Agreement (Seven Seas Petroleum Inc), Joint Operating Agreement (Avenue Group Inc), Joint Operating Agreement (Avenue Group Inc)
Material Purchased by a Party or Affiliate. Proceeds received from Material purchased from the Joint Property by a Party or an Affiliate thereof shall be credited by Operator to the Joint Account, with new Material valued in the same manner as new Material under Section 4.2.1 and used Material valued in the same manner as used Material under Section 4.2.2, unless otherwise agreed by the Operating Committee.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Hyperdynamics Corp), Operating Agreement (Kosmos Energy Ltd.), Operating Agreement (Geoglobal Resources Inc.)
Material Purchased by a Party or Affiliate. Proceeds received from Material purchased from the Joint Property joint property by a Party or an Affiliate thereof shall will be credited by Operator to the Joint Account, with new Material valued in the same manner as new Material under Section 4.2.1 4.2(A) and used Material valued in the same manner as used Material under Section 4.2.24.2(B), unless otherwise agreed by the Operating Management Committee.
Appears in 3 contracts
Samples: Association Contract, Association Contract, Association Contract
Material Purchased by a Party or Affiliate. Material purchased from the Joint Property by a Party or an Affiliate thereof shall be credited by Operator to the Joint Account, with new Material valued in the same manner as new Material under Section 4.2.1 3.2.1 and used Material valued in the same manner as used Material under Section 4.2.23.2.2, unless otherwise agreed by the Operating CommitteeParties.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)
Material Purchased by a Party or Affiliate. Proceeds received from Material purchased from the Joint Property by a Party or an Affiliate thereof shall be credited by Operator to the Joint Account, with new Material valued in the same manner as new Material under Section 4.2.1 and used Material valued in the same manner as used Material under Section 4.2.2, unless otherwise agreed by the Operating Committee.. 5.3
Appears in 1 contract
Samples: Operating Agreement
