Third Party Operating Agreement definition

Third Party Operating Agreement means an operating agreement to which there are Persons other than (or in addition to) the Parties and a Party Operator that are parties and that burden certain of the Subject Assets within the Development Area.
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Third Party Operating Agreement means any joint operating agreement relating to any Property to which a Person other than any of the Applicable EXCO Operators, the Applicable Partnership Parties and their respective Affiliates is a party.
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Third Party Operating Agreement has the meaning assigned thereto in Section 2.02.
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Examples of Third Party Operating Agreement in a sentence

  • For those Subject Assets that are subject to a Third Party Operating Agreement, such Third Party Operating Agreement shall govern the operations thereon; provided that if such Subject Assets as of the Closing Date are not Developed Assets, then the lien provisions of the Master JOA shall be applicable to such Subject Assets.

  • Without limiting the preceding sentence, if Pioneer USA resigns as operator under the Pioneer Operating Agreement or any Third Party Operating Agreement (or is no longer the operator under any Third Party Operating Agreement for any reason), the Parties shall cause the successor operator to be subject to and bound by the terms of this Agreement.

  • On the Closing Date, the Master JOA shall be executed by the Parties and shall cover all such Subject Assets (including those Subject Assets that are subject to a Third Party Operating Agreement), excluding, however, those Subject Assets that are covered by a Unit JOA.

  • Further, from and after the Closing Date, if any portion of the Subject Assets that are subject to a Third Party Operating Agreement become Developed Assets, then the Master JOA shall automatically be deemed to not cover such portion of the Subject Assets and only such Third Party Operating Agreement shall cover such portion of the Subject Assets.

  • To the extent EOC or EPC serves as operator under any Third Party Operating Agreement, such Person is hereby designated and agrees to serve as operator under such Third Party Operating Agreement and to operate the Subject Oil and Gas Assets covered by such Third Party Operating Agreement in accordance with the terms and conditions thereof, subject (in each case) to the terms of this Agreement.

  • Section 5.01 Where such Applicable EXCO Operator is currently the operator under any Third Party Operating Agreement, such Applicable Partnership Party shall not vote to remove such Applicable EXCO Operator as operator with respect to such Contract Wellbore.

  • For avoidance of doubt, no Applicable Partnership Party will be required to pay any XXXXX overhead charges to any Applicable EXCO Operator with respect to any Contract Wellbores or Contract Properties as such overhead charges that might have been otherwise payable to the Applicable EXCO Operator under a Third Party Operating Agreement are included in the Administrative Services Fee.

  • Section 5.05 If a subsequent operation proposal by such Applicable EXCO Operator under such Third Party Operating Agreement conflicts with a subsequent operation proposal by a third party Non-Operating Working Interest owner, such Applicable Partnership Party shall vote in favor of such Applicable EXCO Operator's proposal.

  • Section 5.03 With respect to such Contract Wellbore if such Applicable EXCO Operator is not the operator under the applicable Third Party Operating Agreement, such Applicable EXCO Operator shall provide such services to such Applicable Partnership Party as are necessary for such Applicable Partnership Party to perform its duties under the applicable Third Party Operating Agreement and otherwise act in its capacity as a Non-Operating Working Interest owner with respect to such Contract Wellbore.

  • Section 5.02 No Applicable EXCO Operator may resign as operator under any Third Party Operating Agreement relating to such Contract Wellbore unless (i) such Applicable EXCO Operator and its Affiliates have sold or otherwise disposed of its entire interest in the underlying oil and natural gas lease(s) covered by the applicable Third Party Operating Agreement or (ii) it has received the written consent of the Conflicts Committee.


More Definitions of Third Party Operating Agreement

Third Party Operating Agreement means, with respect to the Subject Assets, operating agreements between or among Pioneer USA, as operator, and PSE LLC and one or more other Persons, as non-operators.
Sample 1
Third Party Operating Agreement is defined in Article 7, below.
Sample 1
Third Party Operating Agreement means any management, operating or other similar agreement between Borrower or any of its Subsidiaries and any Third Party Operator, which agreement shall be in form and substance reasonably satisfactory to the Agent. For the avoidance of doubt, this definition is not intended to include Operating Leases that would not otherwise be considered Material Contracts.
Sample 1

Related to Third Party Operating Agreement

  • Company Operating Agreement means that certain Amended and Restated Limited Liability Company Agreement of the Company, effective as of April 18, 2016, as amended or restated as of the date hereof.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM on file with the Commission.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Third Party Agreement has the meaning provided in Section 5(a) hereof.

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Development Agreement has the meaning set forth in the Recitals.

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • JV Agreement each partnership or limited liability company agreement (or similar agreement) between a North American Group Member or one of its Subsidiaries and the relevant JV Partner as the same may be amended, restated, supplemented or otherwise modified from time to time, in accordance with the terms hereof.

  • Clean Team Agreement means that certain Clean Team Confidentiality Agreement, dated April 25, 2024, between Parent and the Company.

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Strategic Alliance Agreement means the Strategic Alliance Agreement among the Company, Ciba-Geigy Limited and Ciba-Geigy Corporation, dated as of September 29, 1995, as amended, and any of their respective permitted successors or assigns thereunder. 160 Annex A NOTICE OF GRANT PERFORMANCE ACCELERATED RESTRICTED STOCK UNITS HEXCEL CORPORATION INCENTIVE STOCK PLAN The following employee of Hexcel Corporation, a Delaware corporation (Hexcel) or a Subsidiary, has been granted performance accelerated restricted stock units in accordance with the terms of this Notice of Grant and the Agreement to which this Notice of Grant is attached. The terms below shall have the meanings ascribed to them below when used in the Agreement. ---------------------------------------------------- -------------------------- Grantee ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Address of Grantee ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Employee Number ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Employee ID Number ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Foreign Sub Plan, if applicable ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Grant Date December 2, 1999 ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Aggregate Number of PARS Granted ---------------------------------------------------- --------------------------

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.