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 written 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) Forty-eight (48) hours in the case of operations which involve the use of a drilling rig that is standing by in the Contract Area; (2) Ten (10) Days in the case of approval of a contract award pursuant to Section 6.5(C)(6); (3) Fifteen (15) Days in the case of all other proposals. (B) Except in the case of Section 5.12(A)(1) and 5.12(A)(2), any Non-Operator may, by a reply notice delivered to all Parties within two (2) Days of receipt of Operator's notice, request that the proposal be decided at a meeting rather than by vote by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Section 9.1(B), 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 specified in Section 5.12(A), Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.

Appears in 2 contracts

Samples: Assignment of State Participating Interest (Triton Energy LTD), Assignment of State Participating Interest (Triton Energy LTD)

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Voting by Notice. (A) In lieu of a meeting, any Party may submit any proposal to the Operating Committee for a vote by written notice. The proposing Party or Parties shall notify the Operator who along with all necessary supporting and explanatory data, and the Operator shall promptly give each representative notice describing the proposal so submitted. Each Party shall communicate its vote by notice to the Operator and the other Parties within one of the following appropriate time periods after receipt of the Operator's ’s notice: (1) Fortyforty-eight (48) hours in the case of operations Joint Operations which involve the use of a drilling rig (including a completion rig) that is standing by in the Contract Area;; or (2) Ten (10) Days in the case of approval of a contract award pursuant to Section 6.5(C)(6); (3) Fifteen fifteen (15) Days days in the case of all other proposals. (B) Except in the case of Section Article 5.12(A)(1) and 5.12(A)(2), any Non-Operator may, may by a reply notice delivered to all Parties within two five (25) Days of receipt of the Operator's ’s notice, request that the proposal be decided at a meeting rather than by vote by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Section 9.1(B)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 specified in Section 5.12(A)period, the Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.

Appears in 1 contract

Samples: Joint Operating Agreement (Fx Energy Inc)

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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 written notice. The proposing Party or Parties shall notify Operator who shall give giving each representative proper notice describing the proposal so submitted. Each 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: (1) Forty-eight (4824) hours in the case of operations which involve the use of a drilling or completion rig that is standing by in the Contract Area;. (2) Ten (10) Days in the case of approval of a contract award pursuant to Section 6.5(C)(6); (3) Fifteen (157) Days in the case of all other proposals. Check if AFEs require approval. OPTIONAL PROVISION [ ] (3) ____________ (20) Days in the case of an AFE or supplemental AFE if submitted for approval pursuant to Article 6.6(A). (B) Except in the case of Section Article 5.12(A)(1) and 5.12(A)(2), any Non-Operator may, may by a reply notice delivered to all Parties within two (2_____________ ( 7 ) Days of receipt of Operator's notice, notice request that the proposal be decided at a meeting rather than by vote by notice. In such an event, that proposal shall be decided at a meeting duly called for that purpose. (C) Except as provided in Section 9.1(B)Article X, any Party failing to communicate its vote in a timely manner shall be deemed to have voted against FOR such proposal. (D) If a meeting is not requested, then at the expiration of the appropriate time period specified in Section 5.12(A)period, Operator shall give each Party a confirmation notice stating the tabulation and results of the vote.

Appears in 1 contract

Samples: International Joint Venture Operating Agreement (Abacan Resource Corp)

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