Common use of Premium Prices Clause in Contracts

Premium Prices. Whenever Material is not readily obtainable at published or listed prices because of national emergencies, strikes or other unusual causes over which the Operator has no control, the Operator may charge the Joint Account for the required Material at the Operator's actual cost incurred in providing such Material, in making it suitable for use, and in moving it to the Joint Property; provided notice in writing is furnished to Non-Operators of the proposed charge prior to billing Non-Operators for such Material. Each Non-Operator shall have the right, by so electing and notifying Operator within ten days after receiving notice from Operator, to furnish in kind all or part of his share of such Material suitable for use and acceptable to Operator.

Appears in 9 contracts

Samples: Operating Agreement (Alamo Energy Corp.), Participation Agreement (Velocity Oil & Gas, Inc.), Redfish Prospect Agreement (Beta Oil & Gas Inc)

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Premium Prices. Whenever Material is not readily obtainable at published or listed prices because of national emergencies, strikes strikes, or other unusual causes over which the Operator has no control, the Operator may charge the Joint Account for the required Material at the Operator's ’s actual cost incurred in providing such the Material, in making it suitable for use, and in moving it to the Joint Property; provided notice in writing is furnished to Non-Operators of the proposed charge prior to billing Non-Operators for such the Material. Each Non-Operator shall have the right, by so electing and notifying Operator within ten (10) days after receiving notice from Operator, to furnish in kind all or part of his share of such the Material suitable for use and acceptable to Operator.

Appears in 6 contracts

Samples: Joint Operating Agreement, Participation Agreement (New Source Energy Partners L.P.), Operating Agreement (RICHFIELD OIL & GAS Co)

Premium Prices. Whenever Material is not readily obtainable at published or listed prices because of national emergencies, strikes or other unusual causes over which the Operator has no control, the Operator may charge the Joint Account for the required Material at the Operator's actual cost incurred in providing such Material, in making it suitable for use, and in moving it to the Joint Property; provided notice in writing is furnished to Non-Operators of the proposed charge prior to billing Non-Operators for such Material. Each Non-Operator shall have the right, by so electing and notifying Operator within ten days after receiving notice from Operator, to furnish in kind all or part of his share of such Material suitable for use and acceptable to Operator.

Appears in 3 contracts

Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy L Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)

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Premium Prices. Whenever Material is not readily obtainable at published or listed prices because of national emergencies, . strikes or other unusual causes over which the Operator has no control, the Operator may charge the Joint Account for the required Material at the Operator's actual cost incurred in providing such Material, in making it suitable for use, and in moving it to the Joint Property; provided notice in writing is furnished to Non-Operators of the proposed charge prior to billing Non-Operators for such Material. Each Non-Operator shall have the right, by so electing and notifying the Operator within ten (10) days after receiving notice from the Operator, to furnish in kind all or part of his share of such Material suitable for use and acceptable to the Operator.

Appears in 1 contract

Samples: Master Operating Agreement (Mainland Resources Inc.)

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