Common use of Other Losses Clause in Contracts

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1. and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit “A.” This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 4 contracts

Sources: Purchase and Sales Agreement, Joint Operating Agreement, Operating Agreement (New Source Energy Corp)

Other Losses. All losses of Leases or Interests committed to this agreementAgreement, other than those set forth in Articles IV.B.1. and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit “A.” This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 2 contracts

Sources: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)

Other Losses. All losses of Leases or Interests committed to this agreementAgreement, other than those set forth in Articles IV.B.1. IV.B.1 and IV.B.2. IV.B.2 above, shall be joint losses and shall be borne by all parties Parties in proportion to their interests shown on in Exhibit “A.” A. This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 2 contracts

Sources: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1. and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit "A." This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Working Interest Acquisition and Development Agreement (Explortex Energy Inc.)

Other Losses. All losses of Leases or Interests committed to this agreementAgreement, other than those set forth in Articles IV.B.1. IV.B.1 and IV.B.2. IV.B.2 above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit “A.” A”. This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Operating Agreement (Egpi Firecreek, Inc.)

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1IV.B.▇ . and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit “A.” This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Operating Agreement (EV Energy Partners, LP)

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1IV.▇.▇ . and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit "A." This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Operating Agreement (EV Energy Partners, LP)

Other Losses. All losses of Leases or Interests committed to this agreement, agreement other than those set forth in Articles IV.B.1. and IV.B.2. above, above shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit “A.” A”. This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Operating Agreement (Belden & Blake Corp /Oh/)

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1IV.▇.▇ . and IV.B.2. above, shall be joint losses and shall be borne by all parties in proportion to their interests shown on Exhibit "A." This shall include but not be limited to the loss of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.losection

Appears in 1 contract

Sources: Operating Agreement (EV Energy Partners, LP)

Other Losses. All losses of Leases or Interests committed to this agreement, other than those set forth in Articles IV.B.1. Article IV.B(1) and IV.B.2. Article IV.B(2) above, shall be joint losses and shall be borne by all parties Parties in proportion to their interests shown on Exhibit “A.” "A". This shall include but not be limited to the loss of -of any Lease or Interest through failure to develop or because express or implied covenants have not been performed (other than performance which requires only the payment of money), and the loss of any Lease by expiration at the end of its primary term if it is not renewed or extended. There shall be no readjustment of interests in the remaining portion of the Contract Area on account of any joint loss.

Appears in 1 contract

Sources: Operating Agreement (Megawest Energy Corp.)