Sole Risk Development definition

Sole Risk Development has the meaning given in clause 8.3(b)(ii) of the Joint Venture Agreement.

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Sole Risk Development has the meaning given in clause 8.3(b)(ii).

Sole Risk Development has the meaning given in clause 8.3(b)(ii). * * * Pursuant to a request for confidential treatment filed with the Securities and Exchange Commission, confidential portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission

Examples of Sole Risk Development in a sentence

• Each Owner will be entitled to retain all information (including copies of the relevant studies and all supporting documentation) irrespective of whether the Project contemplated by a Pre-Feasibility Study or Feasibility Study proceeds as a Sole Risk Development or otherwise.

• The Manager may (and will, if directed by an Owner) * * * provide to the Owners’ Council for review a Preliminary Study for that Subsequent Sole Risk Development Proposal in accordance with clause 8.2(a).

• A Sole Funding Party may not proceed with a Sole Risk Development until such time as the relevant payment has been made.

• Any such Development Operation in which less than all of the Development Parties elect to participate that may be undertaken as a Sole Risk Development Operation under the terms of the relevant Applicable Operating Agreement may be so proposed and conducted.

• For the avoidance of doubt, a Party Operator shall conduct each Sole Risk Development Operation conducted pursuant to the Joint Development Operating Agreement for which it is operator on behalf of all of the parties participating in such operation, unless otherwise agreed by such participating parties in accordance with the terms of such Joint Development Operating Agreement.

• The Party Operator or Joint Development Operator shall promptly notify the Parties if the operation has been rejected, and, subject to Section 4.4(f), any Development Party may thereafter conduct the operation as a Sole Risk Development Operation under the terms of the Applicable Operating Agreement.

• Any such Non-Budgeted Operation in which less than all of the Development Parties elect to participate (i) that may be undertaken as a Sole Risk Development Operation under the terms of the relevant Applicable Operating Agreement or (ii) that is an Area-Wide Operation may be proposed and conducted as a Sole Risk Development Operation.

• If a Sole Risk Project is undertaken by more than one (1) Sole Risk Party the risk and cost thereof shall, subject in the case of Sole Risk Development to Article 7.5.7, be borne by each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of the Sole Risk Parties or in such other proportion as the Sole Risk Parties may agree.

• The Manager will prepare monthly invoices in respect of the Sole Risk Development in accordance with this item 1 in reasonable detail, which invoices will be payable by the Sole Funding Party.

• Any Party may undertake sole risk seismic ("Sole Risk Seismic"), sole risk drilling ("Sole Risk Drilling"), sole risk testing ("Sole Risk Testing") or sole risk development ("Sole Risk Development") (each being a "Sole Risk Project") subject to the following provisions of this Article.

More Definitions of Sole Risk Development

Sole Risk Development shall have the meaning assigned to it in clause 15.1(d).

Sole Risk Development shall have the meaning assigned to it in clause 15.1(d). “Sole Risk Drilling” shall have the meaning assigned to it in clause 15.1(b). “Sole Risk Interests” shall have the meaning assigned to it in clause 15.2.1. “Sole Risk Participant” shall have the meaning assigned to it in clause 15.2.1. “Sole Risk Project” shall have the meaning assigned to it in clause 15.1.

Sole Risk Development means Development Well which is to be drilled by less than all of the Parties.

Sole Risk Development means development operations conducted pursuant to the provisions of Article 26.

Sole Risk Development has the meaning specified in Article 13.1;