Examples of Contract Operating Agreement in a sentence
In accordance with the Contract Operating Agreement, Central will perform (on behalf of Giant) Giant’s obligations as operator .
Borrower will not amend, ------------------------------ restate, modify or waive any material provision of the Contract Operating Agreement without the consent of the Lenders.
To the extent costs and expenses described under Section II 3 and II 4 of XXXXX and any overhead charges described under Section III of XXXXX have been allocated to Company or any Subsidiary under XXXXX and paid by Company pursuant to the terms of the Contract Operating Agreement, Manager shall credit such amounts to Company against the Management Fee, but such amounts shall be subject to the Administrative Fee.
The Parties understand and agree that Manager or an Affiliate thereof, in the performance of the Services, may incur accounts receivable in connection with the management of Properties hereunder or under the Contract Operating Agreement or Related Contract, to the extent Company has operations thereon and non-working interest owners are billed with respect thereto.
Manager will arrange and maintain insurance policies (other than directors and officers liability insurance policies), subject to the terms hereof and, if applicable, the Contract Operating Agreement.