Common use of Approvals and Notices Clause in Contracts

Approvals and Notices. 1Classes of Matters Action will be taken on a proposed activity or operation only after the procedures and approval requirements in this Agreement have been satisfied. There are four general classes of activities or operations under this Agreement: (a) those requiring approval by Vote, (b) those requiring approval by Election, (c) those requiring approval by unanimous agreement, and (d) those within the discretion of the Operator.

Appears in 3 contracts

Sources: Model Agreement, Model Form Disclaimer, Model Agreement