(Voting and Election Procedures) Sample Clauses

(Voting and Election Procedures). A Party’s approval of a Long Lead Well Operation AFE shall not constitute an Election on the subsequently proposed activities or operations described in the Long Lead Well Operation AFE justification (each such activity or operation hereinafter referred to as a “Long Lead Well Operation”).
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(Voting and Election Procedures). The Parties shall Vote or make an Election on proposals requiring a Vote or Election in the order in which those proposals are submitted, except as specified in Articles 10.2 (Exploratory Operations at Objective Depth), 11.2 (Appraisal 37
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(Voting and Election Procedures). The Parties shall Vote or make an Election on proposals requiring a Vote or Election in the order in which those proposals are submitted, except as specified in Articles 10.2 (Exploratory Operations at Objective Depth), 11.2 (Appraisal Operations at Objective Depth), and 13.2 (Development Operations at Objective Depth). Subject to Article 6.2 (AFEs), after receipt of a notice properly given for an activity or operation requiring a Vote or Election, the Parties entitled to make that Vote or Election (a) may Vote or make an Election in accordance with this Article 8.2 (Voting and Election Procedures) and Article 8.7 (Giving and Receiving Notices and Responses) or (b) shall be deemed to have Voted or made an Election as provided in Article 8.6.5 (
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(Voting and Election Procedures). A Party’s approval of a Long Lead Well Operation AFE shall not constitute an Election on the subsequently proposed activities or operations described in the Long Lead Well Operation AFE justification (each such activity or operation hereinafter referred to as a “Long Lead Well Operation”). Participation in a Long Lead Well Operation AFE At such time as the Parties have made their Election or affirmative Vote, as applicable, on a Long Lead Well Operation AFE, the Operator shall proceed with the acquisition of the Long Lead Items authorized thereunder for the benefit of the Participating Parties within one hundred twenty (120) days from the date upon which the last applicable Election or Vote, as applicable, to participate may be made, and carry it out with due diligence. If the Long Lead Well Operation acquisition activity has not been commenced within the one hundred twenty (120) day period, the proposal shall be deemed withdrawn with the effect as if the proposal had never occurred. Acquisition activity on a Long Lead Well Operation shall be deemed to have commenced on the date the first contract is let or the first purchase is made of the Long Lead Items authorized by the Long Lead Well Operation AFE. Unless otherwise provided in this Agreement, each Non-Participating Party in a Long Lead Well Operation AFE and/or supplement thereto, shall retain the right to participate in the associated Long Lead Well Operation, but shall be an Underinvested Party as to the Costs under the Long Lead Well Operation AFE prior to its Election to participate in the Long Lead Well Operation, and subject to Article 16.5.3 (Contract Area Assessment or Permitting AFEs, Non-Consent Proprietary Geophysical Operations, Long Lead Well Operation AFEs, Feasibility AFEs, Selection AFEs, Define AFEs, Long Lead Development System AFEs, Post-Production Project Team AFEs, or Enhanced Recovery Project Team AFE). If a Non-Participating Party in a Long Lead Well Operation AFE elects not to participate in the associated Long Lead Well Operation, the _______ percent (____%) reimbursement referenced above shall not apply, provided, however, the Costs incurred pursuant to the Long Lead Well Operation AFE, and any supplements thereto, shall be included in the calculations of the recoupment of the proposed Long Lead Well Operation as set out in Article 16 (Non-Consent Operations) or the Underinvestment associated with the Long Lead Well Operation, whichever is applicable. If the Long Lead Well Op...
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Related to (Voting and Election Procedures)

  • Election Procedures Each holder of record of shares of Company Common Stock (“Holder”) shall have the right, subject to the limitations set forth in this Article II, to submit an election in accordance with the following procedures:

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • New Procedures New procedures as to who shall provide certain of these services in Section 1 may be established in writing from time to time by agreement between the Fund and the Transfer Agent. The Transfer Agent may at times perform only a portion of these services and the Fund or its agent may perform these services on the Fund's behalf;

  • Subscription Procedures The Dealer Manager will comply in all material respects with the subscription procedures and “Plan of Distribution” set forth in the Prospectus, and with respect to any direct sales made by the Dealer Manager, with the transmittal of funds procedures set forth in Section 6.

  • Claims Procedures Each Party entitled to be indemnified by the other Party (an “Indemnified Party”) pursuant to Section 8.1 or 8.2 hereof shall give notice to the other Party (an “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any threatened or asserted claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided:

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

  • Transition Procedures Upon the expiration or termination of the Term of this Lease, for whatever reason (other than a purchase of the Leased Property by Lessee), Lessor and Lessee shall do the following (and the provisions of this Section 2.3 shall survive the expiration or termination of this Lease until they have been fully performed) and, in general, shall cooperate in good faith to effect an orderly transition of the management and/or lease of the Hotel:

  • Allocation Procedures On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B hereto from such Funds’ custodian. On each occasion that a Fund delivers Borrowing Instructions to the Credit Facility Team, the Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Adviser’s investment personnel. No Loan may be made unless the Interest Rate is more favorable for the Lender than both the OTD Rate and the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.

  • Election and Proration Procedures (a) An election form and other appropriate and customary transmittal materials (which shall specify that delivery shall be effected, and risk of loss and title to the certificates theretofore representing Seller Stock shall pass only upon delivery of such certificates to the Exchange Agent) in such form as Company and Seller shall mutually agree (“Election Form”) shall be mailed no less than 35 days prior to the anticipated Effective Time or on such other date as Seller and Company shall mutually agree (“Mailing Date”) to each holder of record of Seller Stock as of five Business Days prior to the Mailing Date (“Election Form Record Date”). Company shall make available one or more Election Forms as may be reasonably requested by all persons who become holders (or beneficial owners) of Seller Stock after the Election Form Record Date and prior to the Election Deadline (as defined below), and Seller shall provide to the Exchange Agent all information reasonably necessary for it to perform its obligations as specified herein. Each Election Form shall permit the holder (or the beneficial owner through appropriate and customary documentation and instructions) to elect (an “Election”) to receive either (i) Company Stock (a “Stock Election”) with respect to all of such holder’s Seller Stock, (ii) cash (a “Cash Election”) with respect to all of such holder’s Seller Stock, or (iii) a specified number of shares of Seller Stock to receive Company Stock (a “Combination Stock Election”) and a specified number of shares of Seller Stock to receive cash (a “Combination Cash Election”), subject to the provisions contained in this Agreement. Any Seller Stock (other than Seller Dissenting Shares) with respect to which the holder (or the beneficial owner, as the case may be) shall not have submitted to the Exchange Agent, an effective, properly completed Election Form received prior to the Election Deadline shall be deemed to be “Undesignated Shares” hereunder.

  • Reply Procedures In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the “Return Bid”) which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be expressed as a price at which it is willing to sell all or any portion of such Term Loans) (the “Reply Price”), which (when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range and (ii) a principal amount of such Term Loans, which must be in whole increments of $1,000,000 (or, in any case, such lesser amount of such Term Loans of such Lender then outstanding or which is otherwise reasonably acceptable to the Auction Agent) (the “Reply Amount”). Lenders may only submit one Return Bid per Auction, but each Return Bid may contain up to three bids only one of which may result in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Agent, an Assignment and Assumption with the dollar amount of the Term Loans to be assigned to be left in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent by the Auction Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans.

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