Common use of Limited Right Clause in Contracts

Limited Right. Neither Noble nor CONSOL may exercise its Non-Consent Right if such Party also exercised its Non-Consent Right with respect to the calendar year immediately preceding the Non-Consent Year. A Party shall only be permitted to exercise the Non-Consent Right twice during the term of this Agreement.

Appears in 2 contracts

Sources: Joint Development Agreement (Noble Energy Inc), Joint Development Agreement (CONSOL Energy Inc)

Limited Right. Neither Noble nor CONSOL may exercise its Non-Consent Right if such Party also exercised its Non-Consent Right with respect to the calendar year immediately preceding the Non-Consent Year. A Party shall only be permitted to exercise the Non-Consent Right twice during the term of this Agreement.. ARTICLE IV

Appears in 1 contract

Sources: Joint Development Agreement