TRACTS QUALIFIED FOR PARTICIPATION Sample Clauses

TRACTS QUALIFIED FOR PARTICIPATION. 14.1 As the objective of this agreement is to have lands in the Unit Area operated and entitled to participation under the terms hereof, it is agreed that, notwithstanding anything else herein, no joinder shall be considered a commitment to this agreement unless the Tract involved is qualified under this Article. On and after the effective date hereof, the Tracts within the Unit Area which shall be entitled to participation (as provided in Article XIII hereof) in the production of Unitized Substances therefrom shall be those Tracts within the Unit Area as shown on Exhibit “A” and described in Exhibit “B” that corner or have a common boundary, (Tracts separated only by a public highway or a railroad right-of-way shall be considered to have a common boundary), and which are otherwise qualified as follows: (The record title owner shall replace the Royalty Interest with respect to Federal lands for the purposes of this Article.)
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TRACTS QUALIFIED FOR PARTICIPATION. Inasmuch as the objective of this Unit Agreement is to have lands in the Unit Area operated and entitled to participation under the terms hereof, no joinder shall be considered a commitment to this Unit Agreement unless the tract involved is qualified under this section. On or after the effective date hereof, the tracts within the Unit Area which, in absence of an involuntary pooling order issued by the Commission, shall be entitled to participation in the production of Unitized Substances therefrom shall be those tracts within the Unit Area more particularly described in Exhibit "B", that are qualified as follows (for the purposes of this section, the record interest shall replace the Royalty Interest as to Federal Land):
TRACTS QUALIFIED FOR PARTICIPATION. On and after the Effective Date hereof, the Tracts within the Unit Area which shall be entitled to participation in the production of Unitized Substances shall be those Tracts more particularly described in Exhibit "B" that corner or have a common boundary (Tracts separated only by a public road or a railroad right-of-way shall be considered to have a common boundary), and that otherwise qualify as follows:
TRACTS QUALIFIED FOR PARTICIPATION. On and after the Effective Date hereof, all Tracts within the Unit Area shall be entitled to participation in the production of Unitized Substances."
TRACTS QUALIFIED FOR PARTICIPATION. Inasmuch as the objective of this Agreement is to have lands in the Project Area operated and entitled to participation under the terms hereof, no joinder shall be considered a commitment to this Agreement unless the Tract involved is qualified under this section. On or after the effective date hereof, the Tracts within the Project Area which are entitled to participation in the production of Project Substances therefrom shall be those Tracts within the Project Area, more particularly described in Exhibit "B", that are qualified by the commitment to this Agreement of one hundred percent (100%) of both the Working Interest and Royalty Interest in the affected lease.

Related to TRACTS QUALIFIED FOR PARTICIPATION

  • Requirements for Participation in Underwritten Offerings No person may participate in any Underwritten Offering for equity securities of the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably required under the terms of such underwriting arrangements.

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

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