Common use of Speculative Seismic Data Clause in Contracts

Speculative Seismic Data. The Parties hereto have in their possession certain seismic data licensed from Third Parties which impose various restrictions and limitations on either Parties right to use, disclose and/or display such data relating to the Leases identified in Exhibits "A" or "B." Notwithstanding any other provision in this Agreement to the contrary, Chevron and Ridgewood both agree that neither Party shall remove from each other's office, copy, or reveal to any Third Party, any Speculative Seismic Data disclosed by one Party to the other Party. Each Party agrees it will only view such Speculative Seismic Data for no other purpose other than necessary to review the work product generated as a result of the purpose of this Agreement. Under no circumstances will the Party who views the Speculative Seismic Data be allowed to use the Speculative Seismic Data for any other purpose than what viewing the data was intended unless the viewing Party has first obtained a license from the Third Party owner of such Speculative Seismic Data or the disclosing Party, or the owner of the Speculative Seismic Data advises the Parties that such data is no longer to be held confidential.

Speculative Seismic Data. The Parties hereto have in their possession certain seismic data licensed from Third Parties which impose various restrictions and limitations on either Parties Party's right to use, disclose and/or display such data relating to the Leases Lease(s) identified in Exhibits Exhibit "A" or Exhibit "B." B". Notwithstanding any other provision in this Agreement to the contrary, Chevron and Ridgewood Company both agree that neither Party shall will remove from each other's office, copy, copy or reveal to any Third Party, any Speculative Seismic Data disclosed by one Party to the other Party. Each Party agrees it will only view such Speculative Seismic Data for no other purpose other than necessary to review the work product generated as a result of the purpose of this Agreement. Under no circumstances will the Party who views the Speculative Seismic Data be allowed to use the Speculative Seismic Data for any other purpose than what viewing the data was intended unless the viewing Party has first obtained a license from the Third Party owner of such Speculative Seismic Data or the disclosing Party, or the owner of the Speculative Seismic Data advises the Parties that such data is no longer to be held confidential.

Speculative Seismic Data. The Parties hereto have in their possession certain seismic data licensed from Third Parties ("Speculative Seismic Data") which impose various restrictions and limitations on either Parties right to use, disclose and/or display such data relating to the Leases properties identified in Exhibits Exhibit "A" or "B." . Notwithstanding any other provision in this Agreement to the contraryAgreement, Chevron Texaco and Ridgewood McMoRan both agree that neither Party shall remove from each other's others office, copy, or reveal to any Third Partyother party whomsoever, any Speculative Seismic Data disclosed by one Party to the other Partyother. Each Party agrees it will only view such Speculative Seismic Data for no other purpose other than necessary to review the work product generated as a result of the purpose of this Agreement. Under no circumstances will the Party who views the Speculative Seismic Data be allowed to use the Speculative Seismic Data for any other purpose than what viewing the data was intended unless the viewing Party has first obtained a license from the Third Party owner of such Speculative Seismic Data or the disclosing Party, or the owner of the Speculative Seismic Data Data, advises the Parties viewing Party that such data is no longer to be held confidential.