Common use of Voting by Notice Clause in Contracts

Voting by Notice. (A) In lieu of a meeting, any Party may submit any proposal to the Operating Committee for a vote by notice. The proposing Party or Parties shall notify Operator who shall give each representative notice describing the proposal so submitted. Each Party shall communicate its vote by notice to Operator and the other Parties within one of the following appropriate time periods after receipt of Operator’s notice: (1) twenty four (24) hours in the case of operations which involve the use of a drilling rig that is standing by in the Contract Area. (2) fourteen (14) Days in the case of all other proposals. (B) Except in the case of Article 5.12(A)(1), any Non-Operator may by notice delivered to all Parties within five (5) Days of receipt of Operator’s notice request that the proposal be decided at a meeting rather than by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Article X, any Party failing to communicate its vote in a timely manner shall be deemed to have voted against such proposal. (D) If a meeting is not requested, then at the expiration of the appropriate time period, Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.

Voting by Notice. (A) In lieu of a meeting, any Party may submit any proposal to the Operating Committee for a vote by notice. The proposing Party or Parties shall notify Operator who shall give each representative notice describing the proposal so submitted. Each Party shall communicate its vote by notice to Operator and the other Parties within one of the following appropriate time periods after receipt of Operator’s notice: (1) twenty four (24) hours in the case of operations which involve the use of a drilling rig that is standing by in the Contract Area. (2) fourteen fifteen (1415) Days in the case of all other proposals. (B) Except in the case of Article 5.12(A)(1), any Non-Operator may by notice delivered to all Parties within five seven (57) Days of receipt of Operator’s notice request that the proposal be decided at a meeting rather than by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Article X, any Party failing to communicate its vote in a timely manner shall be deemed to have voted against such proposal. (D) If a meeting is not requested, then at the expiration of the appropriate time period, Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.

Voting by Notice. (A) In lieu of a meeting, any Party Operator may submit any proposal to for a decision of the Operating Committee for a vote by notice. The proposing Party or Parties shall notify Operator who shall give giving each representative proper notice describing the proposal so submitted. Each Party party shall communicate its vote by proper notice to Operator and the other Parties within one of the following appropriate time periods after receipt of Operator’s notice's notice as is applicable thereto: (1) twenty four (24) hours in the case of operations which involve the use of a drilling rig rig, service rig, well servicing equipment or seismic crew that is standing by in the Contract Concession Area.; or (2) fourteen ten (1410) Days in the case of all other proposals. (B) Except in the case of Article 5.12(A)(1), any Non-Operator may may, by notice delivered to all Parties within five (5) Days of receipt of Operator’s notice 's notice, request that the proposal be decided at a meeting rather than by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Article X, any Party failing to communicate its vote in a timely manner shall be deemed to have voted against such proposal. (D) If a meeting is not requested, then at the expiration of the appropriate time period, Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.