No Duty to Replace Existing Facilities. Notwithstanding Article 22.1 upon damage or destruction of Existing Facilities or Processing Agreement facilities, or any property or equipment located thereon, located on the Lease(s) or other lease(s) or acreage, for any reason whatsoever, or upon expiration of the Lease(s) or lease(s) upon which the Existing Facilities or Processing Agreement facilities are located, Chevron shall have no obligation to Company to replace or repair such platform, Existing Facilities, Processing Agreement facilities, property and/or equipment located thereon.
Appears in 2 contracts
Sources: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)