Participant's Right to Same Clause Samples

Participant's Right to Same. Terms Contained in a Subsequent Participation Agreement. In the event that at any time prior to the Completion of Field Acquisition BOG enters into a Subsequent Participation Agreement covering substantially the entire AMI, Participant shall have the right, but not the obligation, to request that BOG enter into a new agreement with Participant covering the subject matter hereof, which agreement shall contain the terms and conditions substantially identical, apart from the quantum of participation interests, to all of those contained in the Subsequent Participation Agreement; such new agreement shall be made in lieu of, and in full substitution for, this Agreement. Participant hereby recognizes that such right to elect to substitute a new agreement for this Agreement may be exercised only once by Participant. Promptly following BOG's execution of a Subsequent Participation Agreement BOG shall notify Participant of the execution of such Subsequent Participation Agreement and provide Participant with a copy of the executed Participation Agreement. Participant shall make its election whether or not to enter into a substantially identical agreement as set forth above within ten (10) days after Participant's receipt from BOG of the copy of the executed Subsequent Participation Agreement; provided, however, that in the event that Step▇▇▇▇ ▇▇▇ls to notify BOG of Step▇▇▇▇' ▇▇ection within such ten (10) day period, Step▇▇▇▇ ▇▇▇ll be deemed to have irrevocably elected not to enter into an agreement substantially identical to the Subsequent Participation Agreement.