Common use of Notice to Terminate Clause in Contracts

Notice to Terminate. (a) If a new Drainage Well or Producing Well is drilled or an existing Drainage Well or Producing Well is lengthened or otherwise modified without an amendment to this Agreement being executed by all of the Parties to include the new Drainage Well or Producing Well or the modifications to the existing Drainage Well or the existing Producing Well under this Agreement and to correspondingly change and adjust the Tract Participation Factor of the Tracts, the Crown may give the Operator written notice of its intention to terminate this Agreement. If the Parties have not executed an amendment Agreement that accomplishes all of the above objectives and deals with all of the above matters,

Appears in 6 contracts

Samples: An Agreement, An Agreement, An Agreement

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