Common use of Procedure to Propose Exclusive Operations Clause in Contracts

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 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 shall include the work to be performed, the location, the objectives, and estimated cost of such operation.

Appears in 1 contract

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

AutoNDA by SimpleDocs

Procedure to Propose Exclusive Operations. 7.2(A(a) Subject to Article 7.18.1, if any Party proposes to conduct an Exclusive Operation, such Party shall give notice of the proposed operation to all Parties, other than Non-Non- Consenting Parties who have relinquished their rights to participate in such operation pursuant to Article 7.4(B8.4(b) or Article 7.4(F8.4(f) and have no option to reinstate such rights under Article 7.4(C8.4(c). Such notice shall specify that such operation is proposed as an Exclusive Operation, and shall include the work to be performed, the location, the objectives, objectives and estimated cost of such operation.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Procedure to Propose Exclusive Operations. 7.2(A) 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 Non‑Consenting Parties who have relinquished their rights to participate in such operation pursuant to under Article 7.4(B) 7.4.B or Article 7.4(F) 7.4.F and have no option to reinstate such rights under Article 7.4(C). 7.4.C. Such notice shall specify that such operation is proposed as an Exclusive Operation, Operation and shall include the work to be performed, the location, the objectives, and estimated cost of such operation.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!