Common use of Suit for Damages Clause in Contracts

Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “C” attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such party as a result of the default.

Appears in 7 contracts

Samples: Purchase and Sales Agreement, Purchase and Sales Agreement (Imperial Petroleum Inc), Operating Agreement (Vanguard Natural Resources, LLC)

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Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit "C" attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such party as a result of the default.

Appears in 3 contracts

Samples: Working Interest Acquisition and Development Agreement (Explortex Energy Inc.), Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)

Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “CC.attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such the party as a result of the default.

Appears in 2 contracts

Samples: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)

Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx sxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “C” attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such party as a result of the default.

Appears in 2 contracts

Samples: Operating Agreement (Belden & Blake Corp /Oh/), Operating Agreement (EV Energy Partners, LP)

Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “CC.attached hereto. Nothing herein shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party the Party as a result of the default.

Appears in 2 contracts

Samples: Joint Operating Agreement, Operating Agreement (New Source Energy Corp)

Suit for Damages. Non-defaulting parties Parties or Operator for the benefit of non-defaulting parties Parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “C” attached hereto. Nothing herein B. Unless specifically prohibited elsewhere in this Agreement, nothing shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party the Party as a result of the default.

Appears in 2 contracts

Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

Suit for Damages. Non-defaulting parties or Operator the Manager of Operations for the benefit of non-defaulting parties may xxx sue (at joint account expense) to collect the amounts in default, plus pxxx interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit "C" attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such party as a result of the default.

Appears in 1 contract

Samples: Joint Development Agreement (Independence Energy Corp.)

Suit for Damages. Non-defaulting parties Parties, or Operator for the benefit of non-defaulting parties Parties, may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the those amounts recovered recovered, from the date of default until the date of collection collection, at the rate specified in Exhibit “CC.attached hereto. Nothing herein shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party the Party as a result of the default.

Appears in 1 contract

Samples: Operating Agreement (West Texas Resources, Inc.)

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Suit for Damages. Non-defaulting parties Nondefaulting Parties or Unit Operator for the benefit of non-defaulting parties nondefaulting Parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “C” attached hereto1. Nothing herein shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party Party as a result of the default.

Appears in 1 contract

Samples: Joint Exploration Agreement (Warren Resources Inc)

Suit for Damages. Non-defaulting parties The nondefaulting Parties, or Unit Operator for the benefit of non-defaulting parties the nondefaulting Parties, may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “C” attached hereto1. Nothing contained herein shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party Party as a result of the default.

Appears in 1 contract

Samples: Unit Operating Agreement (Warren Resources Inc)

Suit for Damages. Non-defaulting parties Parties or Operator for the benefit of non-defaulting parties Parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit "C" attached hereto. Nothing herein shall prevent any party Party from suing any defaulting party Party to collect consequential damages accruing to such party Party as a result of the default.

Appears in 1 contract

Samples: Operating Agreement (Megawest Energy Corp.)

Suit for Damages. Non-defaulting parties or Operator for the benefit of non-defaulting parties may xxx (at joint account expense) to collect the amounts in default, plus interest accruing on the amounts recovered from the date of default until the date of collection at the rate specified in Exhibit “CB” attached hereto. Nothing herein shall prevent any party from suing any defaulting party to collect consequential damages accruing to such party as a result of the default.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, Inc.)

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