Common use of Operating Committee Meetings and Data Clause in Contracts

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades. (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. Beginning five (A5) Notwithstanding any other provision Business Days -------------------------------------- from the date of this Agreementthe Default Notice, the Defaulting Party shall have no right, during the Default Period, to: (1) call or not be entitled to attend Operating Committee Committee, project team and subcommittee meetings or subcommittee meetings; (2) to vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades. (5) Transfer (as defined in Article 12.1) subcommittee until all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; defaults have been remedied (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect including payment of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless accrued interest). Unless agreed otherwise by the non-defaulting Working Interest Parties, the voting interest of each non-defaulting Working Interest Party during this period shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to its percentage of the total Participating Interests of the non-defaulting Working Interest Parties; (2) any . Any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; . In addition, beginning five (35) Business Days from the date of the Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall not have access to any data or information relating to Joint Operations. During this period, the non-defaulting Working Interest Parties shall be entitled to trade data without such Defaulting Party's consent, and the Defaulting Party shall have no right to any data received in such a trade unless and until its default is remedied in full. The Defaulting Party shall be deemed to have elected not to participate in any operations Joint Operations that are voted upon during at least five (5) Business Days after the date of the Default Period, Notice but before all of its defaults have been remedied to the extent such an election would be permitted by Article 5.13 and Article 7; and (4Section 5.13(B) the of this Agreement. The Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, taking any other actions voted on during the Default Periodthat period.

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers Transfer under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default under or is withdrawing from this Agreement and the ContractLicence. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. After any default has continued for ten (A10) Notwithstanding Days from the date of the Default Notice and for as long thereafter as the Defaulting Party remains in default on any other provision of payment due under this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or not be entitled to attend Operating Committee meetings or subcommittee meetings; (2) to vote on any matter coming before the Operating Committee or any subcommittee; until all of its defaults have been remedied (3) access any data or information relating including payment of accrued interest). Further, the Defaulting Party shall not be entitled to any operations under this Agreement; (4) consent to or reject data trades between attend meetings of the Parties and third partiesExploration Advisory Committee, nor access the Directors' Meetings of the Operating Company, nor shall it have the right to vote in any data received in such data trades. (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in meeting held by the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless Operating Company. Unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to in the ratio such non-defaulting Party’s proportion which its Participating Interest bears to the total of the Participating Interests of all the non-defaulting Parties; (2) any . Any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; . After the said ten (310) Days and while the Defaulting Party remains in default as aforesaid, the Defaulting Party shall not have access to any data or information relating to Joint Operations, and non-defaulting Parties shall be deemed entitled to trade data without such Defaulting Party's consent and the Defaulting Party shall have elected not no right to participate any data received on such trade unless and until its default is remedied in any operations that are voted upon during full. Notwithstanding the Default Periodforegoing, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, taking any other actions voted on during action to maintain and preserve the Default PeriodConcession.

Operating Committee Meetings and Data. Beginning five (A5) Notwithstanding any other provision Business Days from the date of this Agreementthe Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall have no right, during the Default Period, to: (1) call or not be entitled to attend Operating Committee or subcommittee meetings; (2) meetings or to vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades. (5) Transfer (as defined in Article 12.1) subcommittee until all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; defaults have been remedied (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect including payment of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless accrued interest). Unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party during this period shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to its percentage of the total Participating Interests of the non-defaulting Parties; (2) any . Any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; . In addition, beginning five (35) Business Days from the date of the Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall not have access to any data or information relating to Joint Operations. During this period, the non-defaulting Parties shall be entitled to trade data without such Defaulting Party’s consent, and the Defaulting Party shall have no right to any data received in such a trade unless and until its default is remedied in full. The Defaulting Party shall be deemed to have elected not to participate in any operations Joint Operations or Exclusive Operations that are voted upon during at least five (5) Business Days after the date of the Default Period, Notice but before all of its defaults have been remedied to the extent such an election would be permitted by Article 5.13 and Article 7; and (45.13(B) the of this Agreement. The Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Periodthat period.

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5) Transfer (as defined in Article 12.111.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 87; (6) consent to or reject any Transfer (as defined in Article 12.111.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 7 or under Article 1211; (7) receive its Entitlement in accordance with Article 8.47.4; (8) withdraw from this Agreement under Article 1312; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the ContractAgreement. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 75.13; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 or under Article 12; (76) receive its Entitlement in accordance with Article 8.4; (8) 7) withdraw from this Agreement under Article 13; or (9) 8) take assignment of any portion of another Party’s 's Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s 's Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. (Aa) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1i) call or attend Operating Committee or subcommittee meetingsmeetings or Management Committee meetings (and during such Default Period, the non-defaulting Parties will have the right to appoint substitute Management Committee member(s) on behalf of the Defaulting Party, if any); (2ii) vote on any matter coming before the Operating Committee or any subcommittee; (3iii) access any data or information relating to any operations under this Agreement; (4iv) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5v) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article clause 8; (6vi) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article clause 8 or under Article clause 12; (7vii) receive its Entitlement in accordance with Article clause 8.4; (8) viii) withdraw from this Agreement and the PSC under Article clause 13; or (9ix) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the ContractPSC. (Bb) Notwithstanding any other provisions in this Agreement, during the Default Period: (1i) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2ii) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3iii) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 clause 5.14 and Article clause 7; and (4iv) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. Beginning five (A5) Notwithstanding any other provision Business Days from the date of this Agreementthe Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall have no right, during the Default Period, to: (1) call or not be entitled to attend Operating Committee or subcommittee meetings; (2) meetings or to vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades. (5) Transfer (as defined in Article 12.1) subcommittee until all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; defaults have been remedied (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect including payment of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless accrued interest). Unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party during this period shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to its percentage of the total Participating Interests of the non-defaulting Parties; (2) any . Any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; . In addition, beginning five (35) Business Days from the date of the Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall not have access to any data or information relating to Joint Operations. During this period, the non-defaulting Parties shall be entitled to trade data without such Defaulting Party’s consent, and the Defaulting Party shall have no right to any data received in such a trade unless and until its default is remedied in full. The Defaulting Party shall be deemed to have elected not to participate in any operations Joint Operations or Exclusive Operations that are voted upon during at least five (5) Business Days after the date of the Default Period, Notice but before all of its defaults have been remedied to the extent such an election would be permitted by Article 5.13 and Article 7; and (45.13(B) the of this Agreement. The Defaulting Party shall be he deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Periodthat period.

Operating Committee Meetings and Data. (A) Notwithstanding any other provision of this Agreement, the Defaulting Party shall have no right, during the Default Period, to: (1) call or attend Operating Committee or subcommittee meetings; (2) vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades.; (5) Transfer (as defined in Article 12.1) all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-defaulting Party shall be equal to the ratio of such non-defaulting Party’s Participating Interest bears to the total Participating Interests of the non-defaulting Parties; (2) any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; (3) the Defaulting Party shall be deemed to have elected not to participate in any operations that are voted upon during the Default Period, to the extent such an election would be permitted by Article 5.13 and Article 7; and (4) the Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during the Default Period.

Operating Committee Meetings and Data. Beginning five (A5) Notwithstanding any other provision Business Days from the date of this Agreementthe Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall have no right, during the Default Period, to: (1) call or not be entitled to attend Operating Committee or subcommittee meetings; (2) meetings or to vote on any matter coming before the Operating Committee or any subcommittee; (3) access any data or information relating to any operations under this Agreement; (4) consent to or reject data trades between the Parties and third parties, nor access any data received in such data trades. (5) Transfer (as defined in Article 12.1) subcommittee until all or part of its Participating Interest, except to non-defaulting Parties in accordance with this Article 8; defaults have been remedied (6) consent to or reject any Transfer (as defined in Article 12.1) or otherwise exercise any other rights in respect including payment of Transfers under this Article 8 or under Article 12; (7) receive its Entitlement in accordance with Article 8.4; (8) withdraw from this Agreement under Article 13; or (9) take assignment of any portion of another Party’s Participating Interest in the event such other Party is either in default or withdrawing from this Agreement and the Contract. (B) Notwithstanding any other provisions in this Agreement, during the Default Period: (1) unless accrued interest). Unless agreed otherwise by the non-defaulting Parties, the voting interest of each non-non- defaulting Party during this period shall be equal to the ratio such non-defaulting Party’s Participating Interest bears to its percentage of the total Participating Interests of the non-non- defaulting Parties; (2) any . Any matters requiring a unanimous vote or approval of the Parties shall not require the vote or approval of the Defaulting Party; . In addition, beginning five (35) Business Days from the date of the Default Notice, and thereafter while the Defaulting Party remains in default, the Defaulting Party shall not have access to any data or information relating to Joint Operations. During this period, the non-defaulting Parties shall be entitled to trade data without such Defaulting Party's consent, and the Defaulting Party shall have no right to any data received in such a trade unless and until its default is remedied in full. The Defaulting Party shall be deemed to have elected not to participate in any operations Joint Operations or Exclusive Operations that are voted upon during at least five (5) Business Days after the date of the Default Period, Notice but before all of its defaults have been remedied to the extent such an election would be permitted by Article 5.13 and Article 7; and (45.13(B) the of this Agreement. The Defaulting Party shall be deemed to have approved, and shall join with the non-defaulting Parties in taking, any other actions voted on during that period. 8.3 ALLOCATION OF DEFAULTED ACCOUNTS -14- <PAGE> MODEL FORM INTERNATIONAL OPERATING AGREEMENT - 1995 (A) The Party providing the Default PeriodNotice pursuant to Article 8.1 shall include in the Default Notice to each non-defaulting Party a statement of the sum of money that the non-defaulting Party is to pay as its portion (such portion being in the ratio that each non-defaulting Party's Participating Interest bears to the Participating Interests of all non-defaulting Parties) of the amount in default (excluding interest), subject to the terms of this Article 8.