Non-Consent Operations Sample Clauses
The Non-Consent Operations clause defines the procedures and rights of parties when one or more participants in a joint venture or partnership choose not to participate in a proposed operation or project. Typically, this clause outlines how the consenting parties may proceed with the operation at their own expense and risk, while the non-consenting parties forfeit certain benefits or interests related to the operation until specific conditions are met. This mechanism ensures that projects can move forward without unanimous approval, balancing the interests of all parties and preventing a single party from blocking progress.
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Non-Consent Operations. 13.1 Non-consent Operations Operator or substitute Operator under Article 4.2 (Substitute Operator) shall conduct Non-consent Operations at the sole cost and risk of the Participating Parties in accordance with the following provisions:
Non-Consent Operations. Except as set forth on Schedule 5.1(q), there are no operations or proposed operations with respect to the Assets as to which Seller has become a non-consenting party under the terms of the applicable operating agreement.
Non-Consent Operations. Exploratory or Development Operations conducted by fewer than all Parties.
Non-Consent Operations. Seller has not elected not to participate in any operation or activity proposed with respect to any Asset which could result in any of Seller’s interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.
Non-Consent Operations. Except as provided in Schedule 3.18, no operations are being conducted or have been conducted with respect to the Purchased Assets as to which Seller has elected to be a nonconsenting party under the terms of the applicable operating agreement and with respect to which Seller has not yet recovered its full participation.
Non-Consent Operations. Except as set forth on Schedule 4.12 or Exhibit A-2, Seller has not elected not to participate in any operation or activity proposed with respect to the Properties which could result in any of Seller’s interest in such Properties becoming subject to a penalty or forfeiture as a result of such election not to participate in such operation or activity.
Non-Consent Operations. Except as expressly reflected in the Net Revenue Interests and Working Interests set forth in Exhibit A or Exhibit B and except as permitted after the date hereof by this Agreement, the Company has not elected not to participate in any operation or activity proposed with respect to any Asset which could result in the Company’s interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.
Non-Consent Operations. OPERATOR shall conduct NON-CONSENT OPERATIONS at the sole risk and expense of the PARTICIPATING PARTIES, in accordance with the following provisions;
Non-Consent Operations. No Company Entity has elected not to participate in any operation or activity proposed with respect to any Asset which could result in any of the Company Entities’ interest in such Asset becoming subject to a penalty or forfeiture as a result of such election.
Non-Consent Operations. If a Party is a Non-Participating Party in both the initially approved Development Well and its substitute Development Well, the Costs of both such ▇▇▇▇▇ shall be included in calculation of the applicable Hydrocarbon Recoupment amount.