Common use of RIGHT OF SUBSTITUTION Clause in Contracts

RIGHT OF SUBSTITUTION. NDL, as operator, shall have the right, in its sole discretion, to substitute one or more of the xxxxx intended to be drilled with a new well as designated by NDL, or to add additional xxxxx to the schedule of xxxxx as proposed for drilling from time to time or to change the wellbore configuration of one or more of the xxxxx by drilling such xxxxx. Each Participant herein, recognizes that such changes may result in revised expenditures. NDL agrees to furnish each Participant with revised AFEs to reflect such changes to the Project.

RIGHT OF SUBSTITUTION. NDL, as operator, shall have the right, in its sole discretion, to substitute one or more of the xxxxx intended to be drilled with a new well as designated by NDL, or to add additional xxxxx to the schedule of xxxxx as proposed for drilling from time to time or to change the wellbore configuration of one or more of the xxxxx by drilling such xxxxx. Each Participant Party herein, recognizes that such changes may result in revised expenditures. NDL agrees to furnish each Participant Party with revised AFEs to reflect such changes to the Project.