Proposal of Development Xxxxx and Development Operations Sample Clauses

Proposal of Development Xxxxx and Development Operations any Participating Party in a Development Plan and Execution AFE may propose drilling a Development Well that was included in the Development Plan by giving notice of the proposal (along with the associated AFE and Well Plan) to the other Parties. Each proposed Development Well that was included in the Development Plan requires approval by [Select one of the following.] ☐ Vote. ☐ Election. ☐ unanimous agreement.
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Proposal of Development Xxxxx and Development Operations any Participating Party in an Execution AFE may propose drilling a Development Well that was not included in the Development Plan associated with that Execution AFE by giving notice of the proposal (along with the associated AFE and Well Plan) to the other Parties. The proposal shall specify that the well was not included in the Development Plan. Each proposed Development Well that was not included in the Development Plan requires approval by: [Select one of the following.] ☐ Vote. ☐ Election. ☐ unanimous agreement. Each Non-Participating Party in a Development Well will be subject to either acreage forfeiture or Hydrocarbon Recoupment, as provided in Article 16 (Non-Consent Operations).
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Proposal of Development Xxxxx and Development Operations. It is the intent of the Parties to proceed with the development of the Contract Area under an approved Development Plan. Each Development Well shall be subject to a separate AFE unless a Development Plan calls for a number of Development Xxxxx to be drilled together in order to set conductor casing or to be pre-drilled together prior to the installation of the Development System, in which case those xxxxx may be included in a single AFE. Once a Development Well has been completed and placed on production, the Participating Parties in that well must unanimously agree to allow any Party to conduct a Non-Consent Operation in that well, unless that well becomes incapable of producing in paying quantities. A proposal to conduct Development Operations in a Producible Reservoir requires the unanimous agreement of the Parties, unless the proposing Party designates the Producible Reservoir as an Objective Depth or completion zone in the proposal.
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Proposal of Development Xxxxx and Development Operations. 85 13.1.1 Proposal of Development Xxxxx Included in a Development Plan 86 13.1.1.1 Revision of Well Plan 86 13.1.1.2 Automatic Revision of the Well Plan 86 13.1.2 Proposal of Development Operations Not Included in a Development Plan 87 13.1.3 Timely Operations 87 13.1.4 AFE Overruns and Substitute Well 89 13.2 Development Operations at Objective Depth 90 13.2.1 Response to Operator’s Proposal 91 13.2.2 Response to Highest Priority Proposal 92 13.2.3 Response on Next Highest Priority Proposal 92 13.2.4 Non-Participating Parties in Development Operations at Objective Depth 92 13.2.5 Participation in a Sidetrack or Deepening by a Non-Participating Party in a Development Well at Initial Objective Depth 93 13.3 Development Well Proposals That Include Drilling Below the Deepest Producible Reservoir 93 13.3.1 Multiple Completion Alternatives Above and Below the Deepest Producible Reservoir 94 13.3.2 Completion Attempts At or Above the Deepest Producible Reservoir 96 13.4 Recompletions and Workovers 96 13.5 Permanent Plugging and Abandonment and Cost Allocation 97 ARTICLE 14 – FACILITIES AND GATHERING SYSTEMS 98 14.1 Facilities as a Part of Development Plan 98 14.2 Use of Offsite Host Facilities 98 14.3 Use of Development Systems 99 14.4 Processing Priorities 99 14.5 Approval of Additional Facilities 100 14.6 Expansion or Modification of Existing Production System 100 14.7 Additions, Expansion, or Modification of Production System or Facilities for Health, Safety, or Environmental Reasons 101 ARTICLE 15 – DISPOSITION OF HYDROCARBON PRODUCTION 101 15.1 Duty to Take in Kind 101 15.2 Facilities to Take in Kind 101 15.3 Failure to Take Oil or Condensate in Kind 102 15.4 Gas Balancing Provision 102 15.5 Expenses of Delivery in Kind 102
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Proposal of Development Xxxxx and Development Operations. It is the intent of the Parties to proceed with the development of the Contract Area under an approved Development Plan. [Select one of the following.] ☐ Development Xxxxx shall be subject to separate AFEs. ☐ Development Xxxxx shall be subject to separate AFEs unless a Development Plan calls for a number of Development Xxxxx to be drilled together in order to set conductor casing or to be pre-drilled together prior to the installation of the Development System, in which case those xxxxx may be included in a single AFE. Once a Development Well has been completed and placed on production, the Participating Parties in that well must unanimously agree to allow any Party to conduct a Non-Consent Operation in that well, unless that well becomes incapable of producing in paying quantities. A proposal to conduct Development Operations in a Producible Reservoir requires the unanimous agreement of the Parties, unless the proposing Party designates the Producible Reservoir as an Objective Depth or completion zone in the proposal. Proposal of Development Xxxxx Included in a Development Plan
Sample 1

Related to Proposal of Development Xxxxx and Development Operations

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Clinical Development Licensee will have sole responsibility for and sole decision making over the clinical development of any Product arising from the Research Program in the Field. Notwithstanding the foregoing, if Licensee wishes to conduct clinical development of a Development Candidate at Penn and Penn has the clinical expertise, interest and ability to run such a trial as assessed at Penn’s sole discretion, such a study will be conducted under a separate Clinical Trial Agreement to be negotiated by the Parties prior to initiation of such study. Such separate clinical trial agreement will include a detailed clinical development plan, including costs and time lines for conducting the Clinical Trial.

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Initial Development Plan Not later than the Effective Date, Licensee shall have provided Merck with an initial Development plan for the Licensed Product in the Field in the Territory, which shall be incorporated as part of this Agreement as Attachment 3.02(a) (as may be amended in accordance with this Agreement, the “Development Plan”). **CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND WILL BE FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST.

  • Development and Commercialization Subject to Sections 4.6 and 4.7, Fibrocell shall be solely responsible for the development and Commercialization of Fibrocell Products and Improved Products. Fibrocell shall be responsible for all costs incurred in connection with the Fibroblast Program except that Intrexon shall be responsible for the following: (a) costs of establishing manufacturing capabilities and facilities in connection with Intrexon’s manufacturing obligation under Section 4.6 (provided, however, that Intrexon may include an allocable portion of such costs, through depreciation and amortization, when calculating the Fully Loaded Cost of manufacturing a Fibrocell Product, to the extent such allocation, depreciation, and amortization is permitted by US GAAP, it being recognized that the majority of non-facilities scale-up costs cannot be capitalized and amortized under US GAAP); (b) costs of basic research with respect to the Intrexon Channel Technology and Intrexon Materials (i.e., platform improvements) but, for clarity, excluding research described in Section 4.7 or research requested by the JSC for the development of a Fibrocell Product or an Improved Product (which research costs shall be reimbursed by Fibrocell); (c) [*****]; and (d) costs of filing, prosecution and maintenance of Intrexon Patents. The costs encompassed within subsection (a) above shall include the scale-up of Intrexon Materials and related active pharmaceutical ingredients for clinical trials and Commercialization of Fibrocell Products undertaken pursuant to Section 4.6, which shall be at Intrexon’s cost whether it elects to conduct such efforts internally or through Third Party contractors retained by either Intrexon or Fibrocell (with Intrexon’s consent).

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Development 3.3 Within twenty (20) Working Days after the Commencement Date and in accordance with paragraphs 3.10 to 3.12 (Amendment and Revision), the Contractor will prepare and deliver to the Authority for approval the full and final Security Plan which will be based on the draft Security Plan set out in Appendix B.

  • Commercialization Intrexon shall have the right to develop and Commercialize the Reverted Products itself or with one or more Third Parties, and shall have the right, without obligation to Fibrocell, to take any such actions in connection with such activities as Intrexon (or its designee), at its discretion, deems appropriate.

  • Development and Regulatory Milestones With respect to each of the following milestones, Ikaria shall pay BioLineRx the corresponding payment set forth below within [**] days after the achievement by Ikaria, its Affiliates or Licensees of such milestone: MILESTONE PAYMENT

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