Common use of Percentage Interest in Sole Risk Development Clause in Contracts

Percentage Interest in Sole Risk Development. (a) In the event that less than all the Parties participate in the development of a Potential Storage Site in which no sole risk drilling has been carried out, then, unless all the Parties participating in such development unanimously agree otherwise, the Percentage Interest of each Party in such development shall be the proportion that its Percentage Interest bears to the total of the Percentage Interests of all participating Parties.

Percentage Interest in Sole Risk Development. (a) In the event that less than all the Parties participate in the development of a Potential Poten- tial Storage Site in which no sole risk drilling has been carried out, then, unless all the Parties participating in such development unanimously agree otherwise, the Percentage Per- centage Interest of each Party in such development shall be the proportion that its Percentage Interest bears to the total of the Percentage Interests of all participating Parties.

Percentage Interest in Sole Risk Development. (a) In the event that less than all the Parties participate in the development of a Potential Storage Site Discovery in which no sole risk drilling has been carried out, then, unless all the Parties participating in such development unanimously agree otherwiseother­wise, the Percentage Interest of each Party in such development de­velopment shall be the proportion that its Percentage Interest bears to the total of the Percentage Interests of all participating Parties.