Common use of Relinquishment of Interest Clause in Contracts

Relinquishment of Interest. Upon commencement of Non-consent Operations, other than Non-consent Operations governed by Article 13.7 (Operations Utilizing a Non-consent Platform and/or Development Facilities), each Non-participating Party's interest and Contract Area operating rights in the Non-consent Operation and title to Hydrocarbon production resulting therefrom; and if Article

Appears in 2 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)

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Relinquishment of Interest. Upon commencement of Non-consent Operations, other than Non-consent Operations governed by the Acreage Out Option under Article 10.5.1 (Acreage Out), Article 13.7 (Operations Utilizing a Non-consent Platform and/or Development Facilities), or Article 13.7.1 (Forfeiture on Initial Platform or Development Facilities), each Non-participating Party's interest and Contract Area leasehold operating rights in the Non-consent Operation and title to Hydrocarbon production resulting therefrom; and if Article

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

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