Examples of Third Party Operating Agreements in a sentence
This Agreement shall remain in effect until the earlier to occur of the following: (a) the termination of the Pioneer Operating Agreement and all Third Party Operating Agreements; or (b) the termination of this Agreement by the mutual written consent of the Parties.
This Agreement, the Third Party Operating Agreements and the Administrative Services Agreement constitute the entire Agreement among the Parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto.
Each Applicable EXCO Operator shall conduct all of its operations with respect to the Properties associated with such Applicable EXCO Operator as a prudent operator would in same or similar circumstances and in compliance with the terms and conditions of existing Third Party Operating Agreements, if any, and all applicable laws, rules, regulations and ordinances of any governmental authority applicable to such Applicable EXCO Operator or the Properties.
Manager acknowledges that, as of the Effective Date, Owner will assume certain pre-existing obligations pursuant to the Third- Party Operating Agreements and Manager hereby agrees to use its commercially reasonable efforts to cooperate with and assist Owner in providing any services and/or fulfilling any material obligations under such Third-Party Operating Agreements at no cost or expense to Manager.
The Parties desire to enter into this Agreement to set forth their understanding and agreement with respect to certain restrictions and limitations on the rights of PSE LLC and the further rights of the Parties under the Pioneer Operating Agreement and the Third Party Operating Agreements.
Exhibit 9 sets forth a non-exclusive list of Third Party Operating Agreements.
Owner shall negotiate, enter into and administer any Third Party Operating Agreements; provided, however, Owner hereby covenants and agrees that such Third Party Operating Agreements shall not have a negative impact on (a) Manager or the Brand; (b) Manager’s ability to perform its obligations under this Agreement (or any related agreement disclosed to Owner); or, (c) the Managed Facilities.
XXXX has the right to participate in xxxxx drilled in the future in the said active MPA Prospects and on the MPA Lands, in accordance with the provisions of the Letter Agreement, its attachments, and any applicable MPAs, Form XXXx (as defined below) and Third Party Operating Agreements (as defined below).