Non-Consent Development Operations. less the Underinvestment, has been recovered by the original Participating Parties. If a former Non-Participating Party becomes a Participating Party in more than one approved Sidetracking or Deepening in the same Development Well, that former Non-Participating Party shall become an Underinvested Party only with regard to the first Sidetracking or Deepening it approves; however, that Underinvestment shall not be relieved by an Underinvested Party’s subsequent participation.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Anadarko Petroleum Corp), Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp)
Non-Consent Development Operations. less the Underinvestment, has been recovered by the original Participating Carrying Parties. If a former Non-Participating Party becomes a Participating Party in more than one approved Sidetracking or Deepening in the same Development Well, that former Non-Participating Party shall become an Underinvested Party only with regard to the first Sidetracking or Deepening it approves; however, that Underinvestment shall not be relieved by an Underinvested Party’s subsequent participation.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
