Oversight and Management. (a) ZaZa shall oversee and manage the Subject Assets as a reasonably prudent owner and shall exercise the same degree of care in overseeing and managing the Subject Assets that it exercises in the oversight and management of similar non-operated assets owned by ZaZa in the region in which the Subject Assets are located; provided, however, that in no event shall the services to be provided by ZaZa as described in this Section 2.8
(a) limit the rights of Quantum as a working interest owner with respect to the Subject Assets. More particularly, ZaZa shall provide, in accordance with prudent industry practices, the following services to Quantum with respect to the Subject Assets (collectively, the “Services”):
(i) maintaining appropriate and adequate insurance policies with respect to the Subject Assets substantially similar to those which ZaZa maintains for its Participating Interest in the Subject Assets, including with respect to Quantum’s Participating Interest in the Subject Assets, for the benefit of Quantum, and shall name Quantum as an additional insured under such policies;
(ii) creating and administering Lease files related to the Subject Assets;
(iii) evaluating Lease acquisitions, extensions and renewals;
(iv) evaluating cash calls for drilling, completion, workovers and other facilities or operations;
(v) creating and administering records in respect of AFE elections for drilling, completions, workovers and other facilities or operations;
(vi) ZaZa will deliver to Quantum all files, reports and information managed by ZaZa on Quantum’s behalf within 30 days after a request for any such files, reports or information is made by Quantum;
(vii) allowing Quantum reasonable access upon advance notice to all files and records maintained by ZaZa related to the Subject Assets during business hours at ZaZa’s offices; and
(viii) if elected by Quantum, the marketing services described in Section 2.5.
(b) As compensation for the Services, Quantum shall pay ZaZa an annual management fee (the “Management Fee”) equal to the product of [*] times the sum of (i) the Purchase Price, (ii) all amounts paid by Quantum to ZaZa for Additional Interests pursuant to Section 4.2 and Option Acreage pursuant to Section 4.3, and (iii) amounts paid by Quantum for lease extensions and renewals with respect to the first lease extension or renewal per Lease after the date hereof. The Management Fee shall be calculated and invoiced quarterly in arrears. Within 15 days of receipt of a...
Oversight and Management. The Contractor shall provide a Program Manager to serve as the Contractor's authorized supervisor for technical and administrative performance of all work. The Program Manager shall receive and execute, on behalf of the Contractor, such technical direction as the DOE Contracting Officer's Representative (COR) may issue within the terms and conditions of the contract. The Government shall not exercise any supervision or control over Contractor employees performing services under this contract. The Contractor's employees are accountable solely to the Contractor's management, who in turn is responsible for performance to the Government. Historically, the Senior Utilities Task Manager functioned in dual roles as the Program Manager. The Contractor shall provide a stable, competent work force to meet the requirements of the contract. The Contractor shall ensure that its contract personnel, over the contract life, increasingly know and understand FEMP’s mission, its policies, and utility and regulatory environments within which the Department’s facilities operate while leveraging available reports and prior work on related topics. The Contractor shall institute procedures to refresh and enhance this knowledge and understanding. Employees shall remain technically current in their fields of expertise.
Oversight and Management. Promptly after the Commencement Date, the Executive Steering Committee and Relationship Managers will oversee and manage, respectively, the goals, specific success metrics, implementation schedules, milestones, and joint project teams specified in the Search Agreement.
Oversight and Management. Manager shall oversee and manage the day to day operations of the Property and shall do so in accordance with the "Management Standard" (as defined in Section 4.1 hereof), including within such oversight and management without limitation thereof, such normal business activities as may be necessary or, with Owner's prior written consent, desirable.
Oversight and Management. SM shall oversee and manage approved Contractor/Vendor services: this responsibility includes scheduling Contractor/Vendor services, meeting with Contractor/Vendor on site prior to work commencing to review scope of work and means and methods, coordination with home owners and HOA activities, inspecting the ongoing work, alerting the BP of any contractual or performance concerns, making corrective action as appropriate, verifying quality, completion and contract compliance, ensuring that no collateral damage has been done to any HOA property, and, finally, recommending payment approval/disapproval to Maintenance Committee and the Board of Directors.
Oversight and Management
