Common use of Withdrawal or Abandonment by All Parties Clause in Contracts

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Hyperdynamics Corp), Operating Agreement (Hyperdynamics Corp), Joint Operating Agreement (Fortune Oil & Gas Inc)

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Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations applicable law and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 5 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.), Joint Operating Agreement (Kosmos Energy Ltd.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 4 contracts

Samples: Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations applicable law and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.. ARTICLE XIV -

Appears in 2 contracts

Samples: Joint Operating Agreement, International Operating Agreement (Radial Energy, Inc.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Laws/Regulations and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Unit Account, all in accordance with Article 2.

Appears in 2 contracts

Samples: Unitization and Unit Operating Agreement, Unitization and Unit Operating Agreement (Kosmos Energy Ltd.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the GovernmentState, to satisfy any requirements requirement of the Laws / Regulations applicable law and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations applicable law and to facilitate the sale, disposition or and/or abandonment of property or interests held by the Joint Account, all in accordance with Article 2Property.

Appears in 1 contract

Samples: Joint Operating Agreement (Fx Energy Inc)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article clause 2.

Appears in 1 contract

Samples: Farmout Agreement (Hyperdynamics Corp)

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Withdrawal or Abandonment by All Parties. In the event If all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations Licence and the Laws, and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with under Article 2.

Appears in 1 contract

Samples: Joint Operating Agreement (Discovery Energy Corp.)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdrawwithdraw or are required to do so pursuant to this Article, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations and applicable law or to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 1 contract

Samples: International Operating Agreement (Seven Seas Petroleum Inc)

Withdrawal or Abandonment by All Parties. In the event If all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations Permits and the Laws, and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with Article under clause 2.

Appears in 1 contract

Samples: Joint Operating Agreement (Tamboran Resources Corp)

Withdrawal or Abandonment by All Parties. In the event If all Parties decide to withdraw, the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations Contract and the Laws, and to facilitate the sale, disposition or abandonment of property or interests held by the Joint Account, all in accordance with under Article 2.

Appears in 1 contract

Samples: Joint Operating Agreement (Duma Energy Corp)

Withdrawal or Abandonment by All Parties. In the event all Parties decide to withdraw, then subject to the Contract the Parties agree that they shall be bound by the terms and conditions of this Agreement for so long as may be necessary to wind up the affairs of the Parties with the Government, to satisfy any requirements of the Laws / Regulations applicable law and to facilitate the sale, disposition or abandonment Decommisioning of property or interests held by the Joint Account, all in accordance with Article 2.

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

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