Operations Proposals During Interim Period. (a) If, after the date hereof, ConocoPhillips receives any notice of Operations (including casing point and abandonment elections and notices relating to the exercise of options to drill wxxxx or conduct exploration or development operations under farmout and similar agreements) on the Lands or lands pooled or unitized therewith or the exercise of any right (including rights of first refusal and rights under area of mutual interest provisions) or any option relating to the Assets of which ConocoPhillips’ share is estimated to be in excess of is in excess of [Redacted] for any single item or related series of items (each such Operation or exercise of a right or option being referred to as a “Proposal”) from a third party then, in a timely manner, the Vendor shall give notice, including full particulars of the Proposal, to the Purchaser and, as soon as is practicable, the Vendor shall give the Purchaser notice of whether or not ConocoPhillips elects to participate in such Proposal. The notice to the Purchaser shall contain the length of any period during which ConocoPhillips is required to respond to the notice received by it in accordance with the applicable Title and Operating Document.
Operations Proposals During Interim Period. (a) If, after the date hereof, a Vendor Party receives any notice of Operations (including casing point and abandonment elections and notices relating to the exercise of options to drill xxxxx or conduct exploration or development operations under farmout and similar agreements) from a person other than a Purchaser or its affiliates on the Lands or lands pooled or unitized therewith or the exercise of any right (including rights of first refusal and rights under area of mutual interest provisions) or any option relating to the Assets of which the Vendor Parties' share is estimated to be in the aggregate in excess of $10,000 for any single item or related series of items (each such Operation or exercise of a right or option being referred to as a "Proposal") from a third party then, in a timely manner, the Vendor shall, or the Vendor shall cause SellCo to, as the case may be, give notice, including full particulars of the Proposal, to the Purchaser and, as soon as is practicable, the Vendor shall, or the Vendor shall cause SellCo to, as the case may be, give the Purchaser notice of whether or not the Vendor or SellCo, as the case may be, elects to participate in such Proposal. The notice to the Purchaser shall contain the length of any period during which the Vendor or SellCo, as the case may be, is required to respond to any notice received by it in accordance with the applicable Title and Operating Document.
