(Non-Consent Operations to Maintain. Contract Area) in order to maintain a portion of the Contract Area, then each Non-Participating Party in that activity or operation shall relinquish and permanently assign, effective on the date the activity or operation is commenced, to the Participating Parties one hundred percent (100%) of the Non-Participating Party's Working Interest in the affected portion of the Contract Area, including property and equipment acquired under this Agreement that is for the sole benefit of the affected portion of the Contract Area, within thirty (30) days of the commencement of that activity or operation. That assignment shall be conveyed to the Carrying Parties in proportion to their Participating Interest Share in that activity or operation. The Non-Participating Party shall bear all expenses associated with that assignment and shall be subject to Article 17.3.1 (Prior Expenses), Article 17.3.2 (Confidentiality) and Article 17.3.3
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
(Non-Consent Operations to Maintain. Contract Area) in order to maintain a portion of the Contract Area, then each Non-Participating Party in that activity or operation shall relinquish and permanently assign, effective on the date the activity or operation is commenced, to the Participating Parties one hundred percent (100%) of the Non-Participating Party's Working Interest in the affected portion of the Contract Area, including property and equipment acquired under this Agreement that is for the sole benefit of the affected portion of the Contract Area, within thirty (30) days of the commencement of that activity or operation. That assignment shall be conveyed to the Carrying Parties in proportion to their Participating Interest Share in that activity or operation. The Non-Participating Party shall bear all expenses associated with that assignment and shall be subject to Article 17.3.1 (Prior Expenses), Article 17.3.2 (Confidentiality) and Article 17.3.317.3.3 (
Appears in 1 contract
Samples: Operating Agreement
(Non-Consent Operations to Maintain. Contract Area) in order to maintain a portion of the Contract Area, then each Non-Participating Party in that activity or operation shall relinquish and permanently assign, effective on the date the activity or operation is commenced, to the Participating Parties one hundred percent (100%) of the Non-Participating Party's ’s Working Interest in the affected portion of the Contract Area, including property and equipment acquired under this Agreement that is for the sole benefit of the affected portion of the Contract AreaAgreement, within thirty (30) days of the commencement of that activity or operation. That assignment shall be conveyed to the Carrying Participating Parties in proportion to their Participating Interest Share in that activity or operation. The Non-Participating Party shall bear all expenses associated with that assignment and shall be subject to Article 17.3.1 (Prior Expenses), Article 17.3.2 (Confidentiality) and Article 17.3.317.3.3 (
Appears in 1 contract
(Non-Consent Operations to Maintain. Contract Area) in order to maintain a portion of the Contract Area, then each Non-Participating Party in that activity or operation shall relinquish and permanently assign, effective on the date the activity or operation is commenced, to the Participating Parties one hundred percent (100%) of the Non-Participating Party's Working Interest in the affected portion of the Contract Area, including property and equipment acquired under this Agreement that is for the sole benefit of the affected portion of the Contract AreaAgreement, within thirty (30) days of the commencement of that activity or operation. That assignment shall be conveyed to the Carrying Participating Parties in proportion to their Participating Interest Share in that activity or operation. The Non-Participating Party shall bear all expenses associated with that assignment and shall be subject to Article 17.3.1 (Prior Expenses), Article 17.3.2 (Confidentiality) and Article 17.3.317.3.3 (
Appears in 1 contract
Samples: Operating Agreement