Termination If Initial Well Not Commenced Sample Clauses

Termination If Initial Well Not Commenced. Subject to Clause 4.4 of this Head Agreement, this Agreement shall terminate if the Initial Well is not Commenced on or before the Obligation Date, provided that this does not release any Party from its responsibility for any obligations that had accrued to it on or before the Obligation Date hereunder, including any obligation to pay amounts owing hereunder.
AutoNDA by SimpleDocs
Termination If Initial Well Not Commenced. This Agreement shall terminate if the Pooled Well is not Commenced on or before the Obligation Date, provided that this does not release any Party from its responsibility for any obligations that had accrued to it on or before the Obligation Date hereunder, including any obligation to pay amounts owing hereunder.

Related to Termination If Initial Well Not Commenced

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

Time is Money Join Law Insider Premium to draft better contracts faster.