Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars ($50,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.
(B) Any Non-Operator shall promptly notify the other Parties of any claim made against such Non-Operator by a third party that arises out of or may affect the Joint Operations, and such Non-Operator shall defend or settle the same in accordance with any directions given by the Operating Committee. Those costs, expenses and damages incurred pursuant to such defense or settlement which are attributable to Joint Operations shall be for the Joint Account.
(C) Notwithstanding Article 4.5(A) and Article 4.5(B), each Party shall have the right to participate in any such suit, prosecution, defense or settlement conducted in accordance with Article 4.5(A) and Article 4.5(B), at its sole cost and expense; provided always that no Party may settle its Participating Interest share of any claim without first satisfying the Operating Committee that it can do so without prejudicing the interests of the Joint Operations.
Settlement of Claims and Lawsuits. (a) Paltar shall promptly notify Nation of any and all claims or suits which arise out of Operations or relate in any way to Operations. Paltar shall represent Nation and defend or oppose the claim or suit. Paltar may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of $250,000, exclusive of legal fees. Paltar shall seek guidance from the Operating Committee on amounts in excess of the above-stated amount. Nation shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defence of such claims or suits.
(b) Nation shall promptly notify Paltar of any claim made against Nation by a third party which arises out of or may affect the Operations.
Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of all material claims or suits and such other claims and suits as the Operator may direct which arise out of operations or relate in any way to Operations. Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand (US$50,000) exclusive of legal fees.
(B) Notwithstanding Article 4.5(A), each Party shall have the right to participate in any such suit, prosecution, defense, or settlement conducted in accordance with Article 4.5(A) at its sole cost and expense; provided always that no Party may settle its Participating Interest share of any claim without first satisfying the other Parties that it can do so without prejudicing the interests of the Parties.
Settlement of Claims and Lawsuits. (A) Each Technical Operator shall promptly notify Unit Operator of any and all claims and suits that primarily arise out of, are incident to or result from its Technical Operations. Unit Operator shall promptly notify the Parties of any and all material claims or suits that primarily arise out of, are incident to or result from Unit Operations (including Technical Operations). Unit Operator shall represent the Parties and defend or oppose any such claim or suit. Unit Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of five hundred thousand U.S. dollars (US$500,000) exclusive of legal fees. Unit Operator shall obtain the approval and direction of the Unit Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits. Any material claims or suits that primarily arise out of, are incident to or result from Tract Operations shall be dealt with according to the applicable Joint Operating Agreement, and any material disputes between the Government and/or GNPC and those Persons who from time to time constitute the “Contractor” or the equivalent under either Contract shall be dealt with in accordance with Article 24 of the applicable Contract or, where so provided in the Acknowledgment, pursuant to Article 1.10 of the Acknowledgment.
(B) Any Non-Operator shall promptly notify the other Parties of any claim made or suit filed against such Non- Operator by a Non-Affiliated Third Party that primarily arises out of, is incident to or results from the Unit Operations (including each Technical Operator for this purpose except with respect to claims or suits that primarily arise out of, are incident to or result from its Technical Operations), and such Non-Operator shall defend or settle the same in accordance with any directions given by the Unit Operating Committee. Those costs, expenses and damages incurred pursuant to such defense or settlement which are attributable to Unit Operations shall be for the Unit Account. If any material claims or suits primarily arise out of, are incident to or result from Tract Operations the Non-Operator shall promptly notify the other parties to the Tract and such claims or suits shall be dealt with according to the applica...
Settlement of Claims and Lawsuits. 6 4.7 Limitation on Liability of Operator ........................... 6 4.8 Insurance Obtained by Operator ................................ 7 4.9
Settlement of Claims and Lawsuits. (a) Officer shall promptly notify Nation of any and all claims or suits which arise out of Operations or relate in any way to Operations. Officer shall represent Nation and defend or oppose the claim or suit. Officer may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of $250,000, exclusive of legal fees. Officer shall seek guidance from the Operating Committee on amounts in excess of the above-stated amount. Nation shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defence of such claims or suits.
(b) Nation shall promptly notify Officer of any claim made against Nation by a third party which arises out of or may affect the Operations.
Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of all material claims or suits that arise out of Joint Operations or relate in any way to Joint Operations. Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of U.S. Dollars One Hundred Thousand (US $100,000.00) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee prior to compromising or settling any claim or suite for an amount in excess of the above stated amount. Each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise, or defense of such claims or suits.
(B) Any Non-Operator shall promptly notify the other Parties of any claim made against such Non-Operator by a third party relating to or which may affect Joint Operations or other Parties. Such Non-Operator shall defend or settle any claim affecting Joint Operations in accordance with any directions given by the Operating Committee. All costs, expenses, and damages as are payable with respect to such defense or settlement shall be for the Joint Account.
(C) Notwithstanding Section 4.5(A) and Section 4.5(B), each Party shall have the right to participate in any such prosecution, defense, or settlement conducted in accordance with Section 4.5(A) and Section 4.5(B) at its sole cost and expense; provided always that a Party may not unilaterally settle its Participating Interest or Carried Cost share of any claim without agreement of the Operating Committee such settlement will not prejudice the interest of any other Party or the conduct of Joint Operations.
Settlement of Claims and Lawsuits. (a) Operator shall promptly notify the Parties of any material claims or suits that relate in any way to Joint Operations. Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of two hundred thousand dollars ($200,000) in any consecutive 12 month period, exclusive of legal fees and provided that, in the reasonable opinion of Amending Deed – Joint Operating Agreement (Beetaloo JV) 36 the Operator, such claim or suit or related series of claims or suits does not and could not involve broader significance to the Parties. Operator shall obtain the approval and direction of the Operating Committee in respect of all other claims and suits. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise, or defence of such claims or suits.
(b) Any Non-Operator shall promptly notify the other Parties of any claim made against such Non-Operator by a third party that arises out of or may affect the Joint Operations, and such Non-Operator shall defend or settle the same in accordance with any directions given by the Operating Committee. Those costs and damages that are incurred under such defence or settlement, and that are attributable to Joint Operations shall be reimbursed by the Operator to such Non-Operator and charged to the Joint Account.
(c) Notwithstanding clauses 4.5(a) and 4.5(b), each Party shall have the right to participate in any such suit, prosecution, defence, or settlement conducted under clause 4.5(a) and clause 4.5(b), at its sole expense, provided always that no Party may settle its Participating Interest share of any claim without first satisfying the Operating Committee that it can do so without prejudicing the interests of the Joint Operations.
(d) For the avoidance of doubt it is agreed that the conduct of any litigation involving a Reduced Interest Operation will be the sole responsibility of the Well Interest Party(s) and at the sole cost and expense of such Well Interest Party(s) and the provisions of clauses 4.5(a) and 4.5(b) shall apply to such litigation with all necessary changes as the context requires.
Settlement of Claims and Lawsuits. (a) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of one million U.S. dollars (US$1,000,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.
(b) Any Non-Operator shall promptly notify the other Parties of any claim made against such Non-Operator by a third party that arises out of or may affect the Joint Operations, and such Non-Operator shall defend or settle the same in accordance with any directions given by the Operating Committee. Those costs, expenses and damages incurred pursuant to such defense or settlement which are attributable to Joint Operations shall be charged to the Joint Account.
(c) Notwithstanding clause 4.5(a) and clause 4.5(b), each Party shall have the right to participate in any such suit, prosecution, defense or settlement conducted in accordance with clause 4.5(a) and clause 4.5(b), at its sole cost and expense; provided always that no Party may settle its Participating Interest share of any claim without first satisfying the Operating Committee that it can do so without prejudicing the interests of the Joint Operations.
Settlement of Claims and Lawsuits. 5.5(A) Operator shall promptly notify the Parties of any and all material claims or suits and such other claims and suits as the Operating Committee may direct which arise out of Joint Operations or relate in any way to Joint Operations. Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits which are contemplated in the approved annual Work Program and Budget, or which, if not contemplated by the approved annual Work Program and Budget, are for an amount not to exceed the equivalent of U.S. dollars fifty thousand (U.S. $50,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above stated amount, which are not included in the approved annual Work Program and Budget. Each Party shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.
