Restriction on Operations. Except in the case of an emergency, Seller will promptly inform Buyer of all requests for commitments to expend funds in excess of $25,000 per activity net to Seller’s interests conducted on or with respect to the Assets, and will keep Buyer timely informed of all material developments affecting any of the Assets. Without the prior written consent of Buyer, Seller shall not:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (PetroHunter Energy Corp)
Restriction on Operations. Except in the case of an emergency, Seller will promptly inform Buyer of all requests for commitments to expend funds in excess of $25,000 per activity net to Seller’s interests conducted on or 25,000.00 with respect to the Assets, and will keep Buyer timely informed of all material developments affecting any of the Assets. Without the prior written consent of Buyer, Seller shall not:
Appears in 2 contracts
Samples: Joint Operating Agreement (Petroleum Development Corp), Joint Operating Agreement (Petroleum Development Corp)
Restriction on Operations. Except in the case of an emergency, Seller Sellers will promptly inform Buyer of all requests for commitments to expend funds in excess of $25,000 per activity net to Seller’s interests conducted on or with respect to the Assets, and will keep Buyer timely informed of all material developments affecting any of the Assets. Without the prior written consent of Buyer, Seller Sellers shall not:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Arete Industries Inc), Purchase and Sale Agreement (Arete Industries Inc)
Restriction on Operations. Except in the case of an emergency, Seller will promptly inform Buyer of all requests for commitments to expend funds in excess of $25,000 per activity net to Seller’s interests conducted on or 25,000.00 with respect to the Assets, and will keep Buyer timely informed of all material developments affecting any of the Assets. Without the prior written consent of Buyer, Seller shall not, except in connection with Seller’s ordinary course of business:
Appears in 1 contract
Samples: Purchase, Sale and Exploration Agreement (Teton Energy Corp)
Restriction on Operations. Except in the case of an emergency, Seller will promptly inform Buyer of all requests for commitments to expend funds in excess of $25,000 per activity net to Seller’s interests conducted on or 12,500 with respect to the Assets, and will keep Buyer timely informed of all material developments affecting any of the Assets. Without the prior written consent of Buyer, Seller shall not:
Appears in 1 contract
