Unanimous Withdrawal. If all the other Parties join in the withdrawal, (a) no assignment of Working Interests shall take place; (b) subject to Article 14.4, no further operations may be conducted under this Agreement unless agreed to by all Parties; (c) the Parties shall abandon all activities and operations within the Contract Area and relinquish all of their Working Interests to the MMS within fifteen (15) days of the conclusion of the thirty (30) day joining period; and (d) notwithstanding anything to the contrary in Article 14 (Abandonment, Salvage and Surplus), the Operator shall: 1) furnish all Parties a detailed abandonment plan, if applicable, and a detailed cost estimate for the abandonment within thirty (30) days after the conclusion of the thirty (30) day joining period; and
Appears in 3 contracts
Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)
Unanimous Withdrawal. If all the other Parties join in the withdrawal,
(a) no assignment of Working Interests shall take place;
(b) subject to Article 14.4, no further operations may be conducted under this Agreement unless agreed to by all Parties;
(c) the Parties shall abandon all activities and operations within the Contract Area Lease and relinquish all of their Working Interests to the MMS within fifteen (15) days of the conclusion of the thirty (30) day joining period; and
(d) notwithstanding anything to the contrary in Article 14 (Abandonment, Salvage and Surplus), the Operator shall:
1) furnish all Parties a detailed abandonment plan, if applicable, and a detailed cost estimate for the abandonment within thirty (30) days after the conclusion of the thirty (30) day joining period; and
Appears in 2 contracts
Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
Unanimous Withdrawal. If all the other Parties join in the withdrawal,
(a) no assignment of Working Interests shall take place;
(b) subject to Article 14.4, no further operations may be conducted under this Agreement unless agreed to by all Parties;
(c) the Parties shall abandon all activities and operations within the Contract Area Lease and relinquish all of their Working Interests to the MMS within fifteen three hundred sixty-five (15365) days of the conclusion of the thirty (30) day joining period; and
(d) notwithstanding anything to the contrary in Article 14 (Abandonment, Salvage and Surplus), the Operator shall:
1) furnish all Parties a detailed abandonment plan, if applicable, and a detailed cost estimate for the abandonment within thirty (30) days after the conclusion of the thirty (30) day joining period; and
Appears in 1 contract
Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)
