Common use of Postponement of Obligations Clause in Contracts

Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Authorized officer, on his own initiative or upon appropriate justification by Unit Operator, may postpone any obligation established by and under this Agreement to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when, in his judgment, circumstances warrant such action.

Appears in 5 contracts

Samples: Geothermal Resource Leasing and Unit Agreements, Royalty Agreement, Geothermal Resource Leasing and Unit Agreements

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