Common use of Use of Joint Property Clause in Contracts

Use of Joint Property. Sole Risk Participants carrying out sole risk operations shall be entitled to use Joint Property for such sole risk operations unless the Operating Committee otherwise decides. The Operating Committee shall also decide the terms and conditions upon which any Joint Property may be used, it being understood that the use of Joint Property shall not be unreasonably withheld and that the charges for such use shall be on a reasonable and equitable basis.

Use of Joint Property. Sole Risk Participants carrying out sole risk operations shall be entitled to use Joint Property for such sole risk operations unless the Operating Committee otherwise decides. The Operating Operat- ing Committee shall also decide the terms and conditions upon which any Joint Property may be used, it being understood that the use of Joint Property shall not be unreasonably withheld and that the charges for such use shall be on a reasonable and equitable basis.

Use of Joint Property. Sole Risk Participants carrying out sole risk operations shall be entitled to use Joint Property for such sole risk operations unless the Operating Committee otherwise decidesdeci­des. The Operating Committee shall also decide the terms and conditions upon which any Joint Property may be used, it being understood that the use of Joint Property shall not be unreasonably withheld and that the charges for such use shall be on a reasonable and equitable basis.