Common use of Operator’s Authority Clause in Contracts

Operator’s Authority. Unless otherwise limited by the Operating Committee the Operator shall have the authority to pursue, prosecute, defend or settle any claim relating to the Joint Operations (other than between the Parties) on behalf of the Parties, provided that where the total amount in dispute and/or the total amount of damages inclusive of any costs are estimated to exceed one million Kroner (DKK 1,000,000) or such amount as may from time to time be unanimously decided by the Operating Committee, the Operator shall seek the advice of the Operating Committee and shall comply with any directions given by the Operating Committee in respect thereto . In absence of such directions, the Operator shall act, as it deems prudent in the interest of the Parties to endeavour to prevent judgement being given against any Party, or to challenge the jurisdiction of any court, whilst full authority from the Parties is being sought.

Operator’s Authority. Unless otherwise limited by the Operating Committee the Operator shall have the authority to pursue, prosecute, defend or settle any claim relating to the Joint Operations (other than between the Parties) on behalf of the Parties, Parties provided that where the total amount in dispute and/or the total amount of damages inclusive of together with any costs are estimated to exceed one million Kroner (DKK 1,000,000) or such other amount as may from time to time be unanimously decided determined by the Operating CommitteeCommittee and where practicable in the case of any claim for specific performance, injunction or analogous proceedings the Operator shall seek the advice of the Operating Committee and shall comply with any directions given by the Operating Committee in respect thereto thereto. In absence of such directions, the Operator shall act, act as it deems prudent in the interest of the Parties to endeavour to prevent judgement being given against any Party, or to challenge the jurisdiction of any court, whilst full authority from the Parties is being sought.