Procedure to Propose Exclusive Operations Sample Clauses

Procedure to Propose Exclusive Operations. (A) Subject to Article 7.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all Parties, other than Non-Consenting Parties who have relinquished their rights to participate in such operation pursuant to Article 7.4(B) or Article 7.4(F) and have no option to reinstate such rights under Article 7.4(C). Such notice shall specify that such operation is proposed as an Exclusive Operation and include the work to be performed, the location, the objectives, and estimated cost of such operation. (B) Any Party entitled to receive such notice shall have the right to participate in the proposed operation. (1) For proposals to Deepen, Test, Complete, Sidetrack, Plug Back, Recomplete or Rework related to Urgent Operational Matters, any such Party wishing to exercise such right must so notify the proposing Party and Operator within twenty-four (24) hours after receipt of the notice proposing the Exclusive Operation. (2) For proposals to develop a Discovery, any Party wishing to exercise such right must so notify Operator and the Party proposing to develop within sixty (60) Days after receipt of the notice proposing the Exclusive Operation. (3) For all other proposals, any such Party wishing to exercise such right must so notify the proposing Party and Operator within ten (10) Days after receipt of the notice proposing the Exclusive Operation. (C) Failure of a Party to whom a proposal notice is delivered to properly reply within the period specified above shall constitute an election by that Party not to participate in the proposed operation. (D) If all Parties properly exercise their rights to participate, then the proposed operation shall be conducted as a Joint Operation. Operator shall commence such Joint Operation as promptly as practicable and conduct it with due diligence. (E) If less than all Parties entitled to receive such proposal notice properly exercise their rights to participate, then: (1) Immediately after the expiration of the applicable notice period set out in Article 7.2(B), Operator shall notify all Parties of the names of the Consenting Parties and the recommendation of the proposing Party as to whether the Consenting Parties should proceed with the Exclusive Operation. (2) Concurrently, Operator shall request the Consenting Parties to specify the Participating Interest each Consenting Party is willing to bear in the Exclusive Operation. (3) Within twenty-four (24) hours after receipt...
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Procedure to Propose Exclusive Operations. (A) Subject to Articles V and 7.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all other Parties entitled to propose such operation. Such notice shall specify that such operation is proposed as an Exclusive Operation, the work to be performed, the location, the objectives, and estimated cost of such operation.
Sample 1
Procedure to Propose Exclusive Operations. A Subject to Article 7.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all Parties, other than Non‑Consenting Parties who have relinquished their rights to participate in such operation under Article 7.4.B or Article 7.4.F and have no option to reinstate such rights under Article 7.4.C. Such notice shall specify that such operation is proposed as an Exclusive Operation and include the work to be performed, the location, the objectives, and estimated cost of such operation.
Sample 1
Procedure to Propose Exclusive Operations. (A) Subject to Article 7.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all Parties, other than Non-Consenting Parties who have relinquished their rights to participate in such operation pursuant to Article 7.4(B) or Article 7.4(F) and have no option to reinstate such rights under Article 7.4(C). Such notice shall specify that such operation is proposed as an Exclusive Operation and include the work to be performed, the location, the objectives, and estimated cost of such operation. (B) Any Party entitled to receive such notice shall have the right to participate in the proposed operation. (1) For proposals to Deepen, Test, Complete, Sidetrack, Plug Back, Recomplete or Rework related to Urgent Operational Matters, any such Party wishing to exercise such right must so notify the proposing Party and Operator within twenty-four
Sample 1
Procedure to Propose Exclusive Operations. 7.2. A Subject to Article 7.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all Parties, other than Non-Consenting Parties who have relinquished their rights to participate in such operation under Article 7.4.B or Article 7.4.F and have no option to reinstate such rights under Article 7.4.C. Such notice shall specify that such operation is proposed as an Exclusive Operation and include the work to be performed, the location, the objectives, and estimated cost of such operation. 7.2. B Any Party entitled to receive such notice shall have the right to participate in the proposed operation. 7.2.B.1 For proposals to Deepen, Test, Complete, Sidetrack, Plug Back, Recomplete, or Rework related to Urgent Operational Matters, any such Party wishing to exercise such right must so notify the proposing Party and Operator within twenty-four (24) hours after receipt of the notice proposing the Exclusive Operation. 7.2. B.2 For proposals to develop a Discovery, any Party wishing to exercise such right must so notify Operator and the Party proposing to develop within sixty (60) Days, or earlier if necessary to meet any applicable deadline under the Licence, after receipt of the notice proposing the Exclusive Operation.
Sample 1

Related to Procedure to Propose Exclusive Operations

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.

  • FINDINGS AND ORDERING PARAGRAPHS The Commission, having considered the entire record herein and being fully advised in the premises, is of the opinion and finds that: (1) Wildwood Water Service Company is an Illinois corporation engaged in the business of providing public utility water and sewer service to the public in Illinois and as such, is a public utility as defined by the Act; (2) Wildwood Utility Company is incorporated under the laws of Illinois and has been established to engage in the business of providing public utility water and sewer service to the public in Illinois and, as such, will be a public utility as defined by the Act; (3) the Commission has jurisdiction over the parties and over the subject matter herein; (4) the recitals of fact set forth in the prefatory portion of this Order are supported by the record and are hereby adopted as findings of fact and conclusions of law; (5) the proposed reorganization satisfies the provisions of Sections 7-102 and 7- 204 of the Act; (6) the terms of the Purchase Agreement are reasonable and WWSC should be authorized to purchase all of WUC’s right, title and interest in and to all of WUC’s properties and assets; (7) UI’s transfer of its rights in the Purchase Agreement to its subsidiary, WWSC, should be approved; (8) the Certificate of Public Convenience and Necessity issued to WUC in Docket 45734, March 18, 1959, for the provision of public utility service should be canceled and annulled upon filing of a notice with the Clerk of the Illinois Commerce Commission of the completion of the reorganization, as well as the filing by WWSC of compliant tariff sheets; (9) there is a public need for water and sewer service in the area presently served by WUC; the ownership, operation, and maintenance of a public water sewer and supply system to serve the area presently served by WUC and the transaction of a public water and sewer utility business by WWSC in that area will promote the public convenience and necessity; and a Certificate of Public Convenience and Necessity should be granted to WWSC for the ownership, operation, and maintenance public water sewer and supply and distribution business in the area presently served by WUC; (10) WWSC should be authorized to adopt the present rates established by the Commission in the area presently served by WUC and to file the proposed tariffs, reviewed and agreed to by Staff in this proceeding, containing the rules, regulations, and terms and conditions of service; (11) WWSC should be authorized to make accounting entries on its books to reflect the purchase of the assets of WUC, including the recording of the credit acquisition adjustment; (12) in accordance with Section 7-101 of the Act, the Commission approves the service contract between WWSC and WSC for the provision of data processing, accounting, tax reporting, regulatory reporting, purchasing and engineering functions and other services necessary in the conduct of business as a public utility; (13) WWSC’s $6,000 in reorganization costs should be initially charged to Account 104 “Utility Plant Purchased or Sold,” and Account 114 “Utility Plant Acquisition Adjustments” should be debited by that amount; such costs should not be recovered from ratepayers; (14) any savings resulting from the proposed reorganization should be allocated to ratepayers and reflected in WWSC’s cost of service for recognition in future rate proceedings; (15) Petitioners are hereby authorized to perform any and all other acts which may be necessary or desirable to carry out the provisions of the Purchase Agreement; (16) in compliance with Paragraph B of the instruction to Account 104, “Utility Plant Purchased or Sold” of the Uniform System of Accounts for Water Utilities (83 Ill. Adm. Code 605), WWSC will file with the Commission, and a copy to the Director of the Accounting Department, the journal entries to clear from this account the amounts recorded therein within six months from the date of the acquisition. (17) the Petitioners’ proposed reorganization is hereby approved.

  • List of Operator’s Subprocessors [Box 26] [Box 27] [Box 28] [Box 29]

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

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