Common use of Participating Interests Clause in Contracts

Participating Interests. 2.1 The initial Participating Interest of the Parties comprising the Contractor shall be as follows: X Company Y Company Z Company : (%) : (%) : (%) 2.2 Except as provided in this Article or elsewhere in this Contract, the rights and obligations of the Parties comprising the Contractor shall include but not be limited to: (a) the right to take Cost Petroleum in accordance with the provisions of Article 15; (b) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 16; (c) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and (d) the obligation to contribute its Participating Interest share of costs and expenses including Contract Costs.

Participating Interests. 2.1 The initial Participating Interest of the Parties comprising the Contractor shall be as follows: X Company Y Company Z Company GeoGlobal Resources (Barbados) Inc : 100% (%) : (%) : (%One Hundred Percent) 2.2 Except as provided in this Article or elsewhere in this Contract, the rights and obligations of the Parties comprising the Contractor shall include but not be limited to: (a) the right to take Cost Petroleum in accordance with the provisions of Article 15; (b) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 16; (c) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and (d) the obligation to contribute its Participating Interest share of costs and expenses including Contract Costs.

Participating Interests. 2.1 The initial Participating Interest of the Parties comprising the Contractor shall be as follows: X Company : (% ) Y Company : (% ) Z Company : (%) : (%) : (%% ) 2.2 Except as provided in this Article or elsewhere in this Contract, the rights and obligations of the Parties comprising the Contractor shall include but not be limited to: (a) the right to take Cost Petroleum in accordance with the provisions of Article 15; (b) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 16; (c) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and (d) the obligation to contribute its Participating Interest share of costs and expenses including Contract Costs.

Participating Interests. 2.1 The initial Participating Interest of the Parties comprising the Contractor shall be as follows: X Company Y Company Z Company GGR : 100% (%) : (%) : (%hundred per cent) 2.2 Except as provided in this Article or elsewhere in this Contract, the rights and obligations of the Parties comprising the Contractor shall include but not be limited to: (a) the right to take Cost Petroleum in accordance with the provisions of Article 15; (b) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 16; (c) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and (d) the obligation to contribute its Participating Interest share of costs and expenses including Contract Costs.

Participating Interests. 2.1 The initial Participating Interest of the Parties comprising the Contractor shall be as follows: X Company Y Company Z Company _ : (%) Y Company _ : (%) Z Company _ : (%) 2.2 Except as provided in this Article or elsewhere in this Contract, the rights and obligations of the Parties comprising the Contractor shall include but not be limited to: (a) the right to take Cost Petroleum in accordance with the provisions of Article 15; (b) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 16; (c) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and (d) the obligation to contribute its Participating Interest share of costs and expenses including Contract Costs.