Common use of Non-Consent Operations Clause in Contracts

Non-Consent Operations. Except as expressly reflected in the Net Revenue Interests and Working Interests set forth in Exhibit A or Exhibit B and except as permitted after the date hereof by this Agreement, the Company has not elected not to participate in any operation or activity proposed with respect to any Asset which could result in the Company’s interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Non-Consent Operations. Except as expressly reflected in the Net Revenue Interests and Working Interests set forth in Exhibit A or Exhibit B and except as permitted after the date hereof by this Agreement, the neither Seller nor any Company Entity has not elected not to participate in any operation or activity proposed with respect to any Asset which could result in the CompanySeller’s or any Company Entity’s interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Memorial Production Partners LP)

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Non-Consent Operations. Except as expressly reflected in the Net Revenue Interests and Working Interests set forth in Exhibit A or Exhibit B and except as permitted after the date hereof by this Agreement, neither Seller nor the Company has not elected not to participate in any operation or activity proposed with respect to any Asset which could result in Seller’s or the Company’s interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Memorial Production Partners LP)

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