Programmed Maintenance. (a) Each Party shall use reasonable commercial efforts to notify the other Party by Proved Notice, at least ninety (90) Days in advance, of the commencement of any proposed scheduled facility maintenance or facility expansion (a “Programmed Maintenance”) that may reduce such Party’s operations temporarily or otherwise may affect its ability to fulfill its obligations hereunder. Buyer acknowledges that throughout the Term of this Contract, Seller will need to tie in new xxxxx and also, from time to time, Seller may need to reduce the operation of some facilities for expansion reasons and such tie in and expansion activities shall be deemed Programmed Maintenance, only if the Seller has given the Buyer thirty (30) days notice or such lesser notice that can be reasonably accommodated by Buyer.
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Samples: Guaranty Agreement (GeoPark LTD), Contract for the Sale and Purchase (GeoPark LTD)
Programmed Maintenance. (a) Each Party shall use reasonable commercial efforts to notify the other Party by Proved Notice, at least ninety (90) Days in advance, of the commencement of any proposed scheduled facility maintenance or facility expansion (a “Programmed Maintenance”) that may reduce such Party’s operations temporarily or otherwise may affect its ability to fulfill its obligations hereunder. Buyer acknowledges that throughout the Term of this Contract, Seller will need to tie in new xxxxx and also, from time to time, Seller may need to reduce the operation of some facilities for expansion reasons and such tie in and expansion activities shall be deemed Programmed Maintenance, only if the Seller has given the Buyer thirty (30) days Days’ notice or such lesser notice that can be reasonably accommodated by Buyer.
Appears in 1 contract
Samples: www.sec.gov
Programmed Maintenance. (a) Each Party shall use reasonable commercial efforts to notify the other Party by Proved Notice, at least ninety (90) Days in advance, of the commencement of any proposed scheduled facility maintenance or facility expansion (a “Programmed Maintenance”) that may reduce such Party’s operations temporarily or otherwise may affect its ability to fulfill its obligations hereunder. Buyer acknowledges that throughout the Term of this Contract, Seller will need to tie in new xxxxx wxxxx and also, from time to time, Seller may need to reduce the operation of some facilities for expansion reasons and such tie in and expansion activities shall be deemed Programmed Maintenance, only if the Seller has given the Buyer thirty (30) days Days’ notice or such lesser notice that can be reasonably accommodated by Buyer.
Appears in 1 contract
Samples: GeoPark LTD