Common use of Premium to Participate in Exclusive Operations Clause in Contracts

Premium to Participate in Exclusive Operations. (A) Within thirty (30) Days of the exercise of its option under Article 7.4(C), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties in proportion to their respective Participating Interest in such Exclusive Operations a lump sum amount payable in United States Dollars. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses, including overhead, that were incurred in every Exclusive Operation relating to the Discovery, or well, as the case may be, in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B), and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (A) Within thirty (30) Days days of the exercise of its option under Article 7.4(C15.4(C), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties who took the risk of such Exclusive Operations in proportion to their respective Participating Interest Interests in such Exclusive Operations a lump sum amount payable in United States Dollarsthe currently designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s 's Participating Interest share of all liabilities and expenses, including overhead, that were incurred in every Exclusive Operation Operations relating to the Discovery, or wellWell, as the case may be, in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B15.4(B), and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (A) Within Each such Non-Consenting Party shall within thirty (30) Days of the exercise of its option under Article 7.4(C), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties in proportion to their respective Participating Interest Interests in such Exclusive Operations a lump sum amount payable in United States Dollarsthe currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses, including overhead, expenses that were incurred in every Exclusive Operation relating to the Discovery, Discovery (or wellExclusive Well, as the case may be, ) in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B), and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (Aa) Within thirty (30) Days of the exercise of its option under Article 7.4(C8.4(c), each such Non-Non- Consenting Party shall pay in immediately available funds to the Consenting Parties in proportion to their respective Participating Interest in such Exclusive Operations a lump sum amount payable in United States Dollarsthe currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest one hundred per cent (100%) share of all liabilities and expenses, including overhead, that were incurred in every Exclusive Operation relating to the Discovery, or well, as the case may be, in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B), 8.4(b) and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (Aa) Within thirty Each such Non-Consenting Party shall within sixty (3060) Days of the exercise of its option under Article 7.4(Cclause 7.4(c), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties in proportion to their respective Participating Interest Interests in such Exclusive Operations a lump sum amount payable in United States Dollarsthe currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses, including overhead, expenses that were incurred in every Exclusive Operation relating to the Discovery, Discovery (or wellExclusive Well, as the case may be, ) in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(Bclause 7.4(b), and that were not previously paid by such Non-Consenting Party.