Common use of Technical Committee Clause in Contracts

Technical Committee. A Technical Committee shall be established for the purpose of formulating policy guidelines, communicating and exchanging ideas and information. The Technical Committee shall have regular meetings at regular intervals as agreed by the parties. In addition, either party may at any time call a special meeting to discuss any item considered to be sufficiently important. Each party may designate two representatives to be regular members of the Technical Committee, with alternates. The JV Operator shall put before the Technical Committee all budgets and exploration and development programs it proposes to be acted upon and the Technical Committee shall consider the same; provided, however, that the powers of the Technical Committee shall be those of persuasion only and it cannot override and supersede or alter the decisions of the JV Operator with respect to the operation of the Joint Venture.

Technical Committee. A Technical Committee shall be established for the purpose of formulating policy guidelines, communicating and exchanging ideas and information. The Technical Committee shall have regular meetings at regular intervals as agreed by the parties. In addition, either party may at any time call a special meeting to discuss any item considered to be sufficiently important. Each party may designate two representatives to be regular members of the Technical Committee, with alternates. The JV Operator shall put before the Technical Committee all budgets and exploration and development programs it proposes to be acted upon implement and the Technical Committee shall consider the same; provided, however, that the powers of the Technical Committee shall be those of persuasion only and it cannot override and override, supersede or alter the decisions of the JV Operator with respect to the operation of the Joint Venture.

Technical Committee. A Technical Committee shall be established for the purpose of formulating policy guidelines, communicating and exchanging ideas and information. The Technical Committee shall have regular meetings at regular intervals as agreed by the partiesParties. In addition, either party Party may at any time call a special meeting to discuss any item considered to be sufficiently important. Each party Party may designate two representatives to be regular members of the Technical Committee, with alternates. The JV Operator shall put before the Technical Committee all budgets and exploration and development programs it proposes to be acted upon implement and the Technical Committee shall consider the same; provided, however, that the powers of the Technical Committee shall be those of persuasion only and it cannot override and override, supersede or alter the decisions of the JV Operator with respect to the operation of the Joint Venture.

Technical Committee. A Technical Committee shall be established for the purpose of formulating policy guidelines, communicating and exchanging ideas and information. The Technical Committee shall have regular meetings at regular intervals as agreed by the partiesParties. In addition, either party Party may at any time call a special meeting to discuss any item considered to be sufficiently important. Each party Party may designate two representatives to be regular members of the Technical Committee, with alternates. The JV Operator shall put before the Technical Committee all budgets and exploration and development programs it proposes to be acted upon implement and the Technical Committee shall consider the same; provided, however, that the powers of the Technical Committee shall be those of persuasion only and it cannot override and override, supersede or alter the decisions of the JV Operator with respect to the operation of the Joint VentureJV Company.