Common use of Powers and Duties of Operating Committee Clause in Contracts

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract and properly explore and exploit the Contract Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 11 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Purchase and Sale Agreement (Hyperdynamics Corp)

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Powers and Duties of Operating Committee. The Operating Committee shall have the power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract and properly explore and exploit the Contract Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 4 contracts

Samples: Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract License and properly explore and exploit the Contract Area Project in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 2 contracts

Samples: Joint Operating Agreement, International Operating Agreement (Radial Energy, Inc.)

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill fulfil the Contract Licence and properly explore and exploit the Contract Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill discharge the Contract obligations of the Parties under the Concession, any applicable laws and regulations and to properly explore and exploit the Contract Concession Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 2 contracts

Samples: International Joint Operating Agreement (Transatlantic Petroleum Corp), Joint Operating Agreement (Drucker Industries Inc)

Powers and Duties of Operating Committee. The Operating Committee shall have the power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract and properly explore and exploit the Contract Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract and properly explore and exploit the Contract Area in accordance with purpose of this Agreement and in a manner appropriate in the circumstances.

Appears in 1 contract

Samples: Operating Agreement (Refinery Science Corp)

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Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to recommend or authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract and properly explore and exploit the Contract Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 1 contract

Samples: International Operating Agreement (Geoglobal Resources Inc.)

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract Concession Agreement and properly explore and exploit the Contract Area Project in accordance with this Agreement and in a manner appropriate in the circumstances.. X X X X X (SECTIONS DELETED FROM THIS SUMMARY)

Appears in 1 contract

Samples: Letter of Intent (Radial Energy, Inc.)

Powers and Duties of Operating Committee. The Operating Committee shall have power and duty to authorize and supervise Joint Operations that are necessary or desirable to fulfill the Contract Concession Agreement and properly explore and exploit the Contract Concession Area in accordance with this Agreement and in a manner appropriate in the circumstances.

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)

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