Requirement To Carry Additional Insurance. Each Participating Party shall, in addition to the insurance provisions of the Operating Procedure, carry independently, but in proportion to its Participating Interest in the particular Operation under the Operating Procedure [Replace the introduction of this Clause with the following if the Operator carries this additional insurance on behalf of the Parties: The Operator, in addition to the insurance provisions of the Operating Procedure, shall carry for the Joint Account]: “Control of Well Insurance” with a limit of liability for its respective Participating Interest share of at least $[],000,000.00 (based on a 100% Participating Interest); and
Appears in 9 contracts
Samples: Pooling Agreement, Horizontal Well Pooling Agreement, Cross Conveyed Pooling Agreement
