Priority of Operations Clause Samples

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Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fifty-one percent (51 %) or more, then the approved operation with the lowest number as indicated below shall take precedence: (indicate the order of preference.) 1 Additional Testing, coring, or logging. (If conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.)
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Priority of Operations. 24 10.8.3 Second Opportunity to Participate .............................................................24 10.8.4 Operations by Fewer Than All Parties ..........................................................25 10.8.5
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Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of forty-five percent (45%) or more, then the approved operation with the lowest number as indicated below shall take precedence:
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Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by (___) or more Participating Parties having a combined Working Interest of percent (___%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.) _____ Additional Testing, coring, or logging. (If conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.) _____ Complete at the Objective Horizon. _____ Complete above the Objective Horizon. (If conflicting proposals are approved, the operation proposed to the deepest/shallowest depth shall take precedence.) _____ Deepen. (If conflicting proposals are approved, the operation proposed to the deepest/shallowest depth shall take precedence.)
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Priority of Operations. For 1982 Agreement Proprietary Technology – Horizontal Well – Restriction on Disclosure Provisions for JOA ’82 Revised Relinquishment Provision – All Offset ▇▇▇▇▇ Relinquishment Provision – Exploratory Well Relinquishment Provision – Horizontal Well Rights of Operator Against a Defaulting Party (Pre 1989 Agreements) Seismic Data and Operations Well Proposal (To Avoid Multiple Well Proposals)
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Priority of Operations. The Parties acknowledge and agree that, absent mutual agreement by the Parties, each Work Program and Budget during the Obligatory Expenditure Work Program shall target and prioritize the following matters in descending chronological order, and any disagreement between the Parties involving operations shall be resolved, as applicable, by reference to the following matters:
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Priority of Operations. If no Participant elects to complete the Initial Test Well, or to attempt any other operation in the well bore, the Operator shall plug and abandon the well at the cost of the Participants, in the same proportions as their {A0046234.DOC} share of the cost of the Initial Test Well. For that purpose Operator shall have the right to access the funds escrowed for completion, and shall refund any excess. If any Participant does desire to perform any other operations within the well bore, the priority of operations set forth in the JOA shall apply.
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Related to Priority of Operations

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Statement of Operations Statement of Changes in Net Assets.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.