Common use of Operator's Conduct of a Non Clause in Contracts

Operator's Conduct of a Non. Consent Operation in Which it is a Non-participating Party 4.2.1 (Circumstances Under Which the Operator Must Conduct a Non-Consent Operation), the Operator conducts a Non-consent Operation in which it is a Non-participating Party, it shall follow the practices and standards in Article 5 (Authorities and Duties of Operator). Notwithstanding anything to the contrary in Exhibit "C", the Operator shall not be required to proceed with the Non consent Operation until the Participating Parties have advanced the total estimated costs of the Non-consent Operation to the Operator. The Operator shall never be obligated to expend any of its own funds for the Non-consent Operation in which it is a Non participating Party.

Appears in 3 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)

AutoNDA by SimpleDocs

Operator's Conduct of a Non. Consent Operation in Which it is a Non-participating Party 4.2.1 (Circumstances Under Which the Operator Must Conduct a Non-Consent Operation), the Operator conducts a Non-consent Operation in which it is a Non-participating Party, it shall follow the practices and standards in Article 5 (Authorities and Duties of OperatorExclusive Right to Operate). Notwithstanding anything to the contrary in Exhibit "C", the Operator shall not be required to proceed with the Non Non-consent Operation until the Participating Parties have advanced the total estimated costs of the Non-consent Operation to the Operator. The Operator shall never be obligated to expend any of its own funds for the Non-consent Operation in which it is a Non Non-participating Party.

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!