Common use of Platform Salvage and Removal Costs Clause in Contracts

Platform Salvage and Removal Costs. When the Parties owning a Platform mutually agree to dispose of such Platform, it shall be disposed of by the Operator as approved by such Parties. The costs, risks and net proceeds, if any, resulting from such disposition shall be shared by such Parties in proportion to their Participating Interests. Any Party owning an interest in the Platform will have the right to match the purchase price resulting in disposal of the Platform and take over the salvage and removal costs at its own risk and expense.

Platform Salvage and Removal Costs. When the Parties owning a Platform mutually xxxxx, Platforms and/or Development Facilities unanimously agree to dispose of such Platformthe xxxxx, Platforms and/or Development Facilities, it shall be disposed of by Operator in the Operator as time and manner approved by such the Parties. The costs, risks risks, and net proceeds, if any, resulting from such disposition for the disposal shall be shared by such the Parties in proportion to their Participating Interests. Any Party owning an interest in the Platform will have the right to match the purchase price resulting in disposal of the Platform and take over the salvage and removal costs at its own risk and expenseInterests therein.

Platform Salvage and Removal Costs. When the Parties owning a Platform mutually agree to dispose of such Platform, it shall be disposed of by the Operator as approved by such PartiesParties with such Parties having a preferential right to acquire the Platform. The costs, risks risks, and net proceeds, if any, resulting from such disposition shall be shared by such Parties in proportion to their Participating Interests. Any Party owning an interest in the Platform will have the right to match the purchase price resulting in disposal ownership of the Platform and take over the salvage and removal costs at its own risk and expensePlatform.