Sole Risk. 9.1 As used in this Article 9, the terms set out below shall have the following meanings:
Sole Risk. 2.1 Proposal for an Expansion Project or New Project If Alcoa or Alumina or any of their respective Affiliates wish to develop, construct, operate or otherwise implement an Expansion Project or New Project, it (“Proposing Party”) may by written notice propose that the relevant Enterprise Company implement, or participate in, the Expansion Project or New Project (as applicable), in which case the Proposing Party must provide such detail in relation to the Expansion Project or New Project as is reasonably necessary to enable the other party (“Non-Proposing Party”) to assess the merits of the project.
Sole Risk. 2.4.1 Exploration, Development and Production shall be carried out at the sole cost and risk of Contractor.
2.4.2 If no Commercial Field is established in the Contract Area, or if the Cost Oil is insufficient to fully reimburse Contractor in accordance with the terms of this Contract, Contractor shall bear its own loss and Staatsolie shall have no obligation to reimburse Contractor for such loss.
2.4.3 Notwithstanding anything to the contrary contained herein, and subject to the provisions of Article 39, nothing contained in this Contract shall be construed or interpreted to require Contractor to develop or produce or continue to produce Petroleum from a Commercial Field, which, in Contractor’s opinion, does not provide it with an acceptable rate of return.
Sole Risk. Any amounts received from third parties or from Parties engaged in sole risk activities for services or for use of Joint Property.
Sole Risk. In the event that one (1) or more of the Parties engages in sole risk operations, then, to the extent appropriate, the Accounting Procedure will apply to such sole risk operations but separate accounts, books, bank accounts and other records shall be established and maintained for such sole risk operations in such a manner that the statements and billing relating to the Joint Account do not reflect the sole risk operations.
Sole Risk. No expenditures in connection with sole risk operations shall be charged to the Joint Account without the prior approval of all the Parties.
Sole Risk. Subject to, and conditional upon, the Change of Control Effective Date having occurred, a Foundation Member (or any of its Sole Risk Affiliates) may propose and undertake an Expansion Project or New Project related to the Company’s assets on the terms and conditions set out in Annex B (Sole Risk Regime) of this Agreement.
Sole Risk. Owner acknowledges and agrees that race cars entered in any Race by Owner shall be entered for Owner’s sole account and risk. Neither Owner nor its Driver, mechanics, crew, other employees or shareholders shall make any claim against AlphaTrade for salary or other payment except as specifically provided herein. Owner shall obtain from its Driver and other employees appropriate releases in the form attached hereto as Exhibit E absolving Owner and AlphaTrade and their subsidiaries, affiliates, officers, employees and shareholders of all liability for damages, injury or death suffered by the Driver or other employees as a result of or arising out of racing related activities.
Sole Risk. The use of the Designated Facility for the Permitted Use and access to the CUF will be at the sole risk of the User from the Commencement Date.
Sole Risk. 12.1 If a Proposing Participant shall proceed with a Sole Risk Programme and unless otherwise agreed by the Participants, for so long as the Sole Risk Programme continues or the Proposing Participant continues to conduct operations on its own account in the Specified Area:
12.1.1 the Specified Area shall not be eligible for Joint Operations and the Proposing Participant shall have the exclusive right to carry out the Sole Risk Programme and any subsequent work programmes as it may think fit in the Specified Area at its sole risk and cost and the other Participant shall, to the extent necessary and so far as it is able and without prejudice to the existing Enterprise Operations, provide full rights of ingress, egress and regress to, from and over the Specified Area and the remainder of the Contract Area so that the Proposing Participant may exercise such right. Without prejudice to the generality of the foregoing, to the extent that the Sole Risk Venture requires the use of PT-FI Available Assets PT-FI support services or Joint Account Assets, and the use of these assets and support services does not prejudice then or later the conduct of Enterprise Operations, each of PT-FI and PT-RTZ (as appropriate) will make available and charge to the Sole Risk Venture the direct and allocable costs of providing such assets and services;
12.1.2 the Participant which is not the Proposing Participant shall cease to have any rights to the production of Minerals or proceeds therefrom from operations in the Specified Area provided that the rights of the Proposing Participant will relate solely to the obtaining of exclusive rights to the proved and probable reserves in the three-dimensional physical area of the Specified Area, as described in the Feasibility Study with respect to the project in question, to the extent such reserves constitute the basis for the project, as presented to the Participants pursuant to Clause 10, but will not thereby obtain rights with respect to any other reserves. Any further Expansion within the Specified Area, but not constituting part of the Sole Risk Programme, will be subject to the procedure provided in Clause 11 for approval of Programmes, but with protections afforded to the holder of the Sole Risk Programme which are comparable to those afforded PT- FI with respect to the 10-K Reserves and the related PT-FI Available Assets.
12.2 All Sole Risk Programmes shall be conducted by the Operator appointed under this Agreement, unless it declin...
