Common use of Special Inventories Clause in Contracts

Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser or such interest agrees to bear all the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 5 contracts

Samples: Operating Agreement (Guskin Gold Corp.), Operating Agreement (Guskin Gold Corp.), Operating Agreement (Guskin Gold Corp.)

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Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 5 contracts

Samples: Joint Operating Agreement (I T Technology Inc), Joint Operating Agreement (Avenue Group Inc), Operating Agreement (Seven Seas Petroleum Inc)

Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator Officer provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 2 contracts

Samples: Nation Energy Inc, Nation Energy Inc

Special Inventories. 6.2.1 Whenever there is a sale or change of interest a Participating Interest in the Agreement, Operator shall take a special inventory may be taken by the Operator provided the seller and/or purchaser seller, the purchaser, or such interest agrees both agree to bear all of the expense thereofof the inventory. In such cases, both Both the seller and the purchaser shall be entitled to be represented when the special inventory occurs and shall be governed bound by the inventory so taken.

Appears in 1 contract

Samples: Farmout Agreement (Hyperdynamics Corp)

Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.. EXECUTION VERSION ATTACHMENT C — SECONDMENT AGREEMENT SECONDMENT AGREEMENT

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.. END OF ACCOUNTING PROCEDURE

Appears in 1 contract

Samples: Operating Agreement (Radial Energy, Inc.)

Special Inventories. Whenever there is a sale or change of participating interest in the Agreement, a special inventory may be taken by the Operator provided the Operator. The seller and/or purchaser or of such participating interest agrees to shall bear all of the expense thereof. In such casescase, both the seller and the purchaser shall be entitled to be represented and shall be governed bound by the inventory so taken, whether represented or not.

Appears in 1 contract

Samples: Operating Agreement

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Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator Pxxxxx provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 1 contract

Samples: Nation Energy Inc

Special Inventories. Whenever there is a sale or change of interest a Working Interest in the Agreement, Operator shall take a special inventory may be taken by the Operator provided the seller and/or purchaser seller, the purchaser, or such interest agrees both agree to bear all of the expense thereofof the inventory. In such cases, both Both the seller and the purchaser shall be entitled to be represented when the special inventory occurs and shall be governed bound by the inventory so taken.. EXHIBIT B DECOMMISSIONING PROCEDURES

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

Special Inventories. Whenever there is a sale or change of interest in the AgreementInterest, or a sale thereof, a special inventory may be taken by the Operator provided the seller and/or purchaser or of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 1 contract

Samples: Operating Agreement (Fx Energy Inc)

Special Inventories. Whenever there is a sale or change transfer of interest in the Agreement, a special inventory may be taken by the Operator Joint Operating Team provided the seller and/or purchaser or of such interest agrees to bear all the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.

Appears in 1 contract

Samples: Asset Purchase Agreement (AsherXino Corp)

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