Common use of THE JOINT ASSETS Clause in Contracts

THE JOINT ASSETS. 6.1 Each Party shall own an ideal share of the capital assets, including rights of any kind which have been acquired or developed by the Operator or by any of the Parties on behalf of the joint venture. This also applies to produced Petroleum which has not been disposed of by any Party. The size of the ideal share is equal to the Participating interest.

Appears in 4 contracts

Samples: www.regjeringen.no, www.regjeringen.no, nea.is

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THE JOINT ASSETS. 6.1 Each Party shall own an ideal share of the capital assets, including rights of any kind which have been acquired or developed by the Operator or by any of the Parties on behalf of the joint ventureUnit. This also applies to produced Petroleum which has not been disposed of by any Party. The size of the ideal share is equal to the Participating interestUnit Interest.

Appears in 2 contracts

Samples: Agreement, Agreement

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