Notice of Contributions Other Than Advances for Sale of Production. Each PARTY shall promptly notify the other PARTIES of all contributions, which it may obtain, or is attempting to obtain, concerning the drilling of any well on the LEASE. Payments received as consideration for entering into a contract for sale of production from the LEASE, loans and other financing arrangements shall not be considered contributions for the purposes of the Article. No PARTY shall release or obligate itself or release information in return for a contribution from an outside party toward the drilling of a well without prior written consent of the other PARTICIPATING PARTIES therein.
Appears in 4 contracts
Samples: The Purchase and Sale Agreement (Primeenergy Corp), Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
Notice of Contributions Other Than Advances for Sale of Production. Each PARTY shall promptly notify the other PARTIES of all contributions, contributions which it may obtain, or is attempting to obtain, concerning the drilling of any well on the LEASE. Payments received as consideration for entering into a contract for sale of production from the LEASE, loans and other financing arrangements shall not be considered contributions for the purposes of the Article. No PARTY shall release or obligate itself or release information in return for a contribution from an outside party toward the drilling of a well without prior written consent of the other PARTICIPATING PARTIES therein.
Appears in 2 contracts
Samples: Agreement (Beta Oil & Gas Inc), Agreement (Beta Oil & Gas Inc)
