Common use of Review of Seismic Data Clause in Contracts

Review of Seismic Data. The Parties agree to cooperate in good faith in reviewing the seismic data acquired hereunder. Such data should be reviewed by the Parties as soon as practicable after the data is available so that the Parties can make decisions regarding the exercise of lease options.

Review of Seismic Data. The Parties agree to cooperate in good faith in reviewing the seismic data acquired obtained hereunder. Such data should be reviewed by the Parties as soon as practicable after the data for a particular area is available so that the Parties can make decisions regarding a decision as to whether or not to exercise any of the exercise Options to acquire Leases under any of lease optionsthe Seismic Options pertaining to such area.