Requirement To Carry Additional Insurance. Each Participating Party will, 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 [Optional wording if the Operator carries insurance on behalf of the Parties] The Operator, in addition to the insurance provisions of the Operating Procedure, will carry for the Joint Account:
Appears in 3 contracts
Samples: Pooling Agreement, Pooling Agreement, Pooling Agreement
Requirement To Carry Additional Insurance. Each Participating Party willshall, 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 [Optional wording 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, will shall carry for the Joint Account]:
Appears in 3 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement
