Reworks and Redrills Clause Samples

Reworks and Redrills. Prior to that point in time when CIG does --------------------- not take delivery of at least two (2) BCF of gas for the immediately preceding, twelve (12) month period pursuant to the terms and conditions of the "B" Contract, as amended, either party hereto may at any time and from time to time, propose to Rework or otherwise repair, to deepen or Side Track into a zone or formation the depth of which is above mean sea level, to Acidize, to "Frac" or otherwise stimulate, or to plug back any dry hole or existing well on the Contract Area, or to drill a Replacement Well by giving the other party written notice of the proposed operation specifying the work to be performed, the location, proposed depth of completion and the objective formation. In the event a proposal is made as described herein, it is stipulated that neither party shall have any right not to participate in such proposal. Subsequent to that point in time when CIG does not take delivery of at least two (2) BCF of gas for the immediately preceding twelve (12) month period pursuant to the terms and conditions of the "B" Contract, as amended, and for all periods subsequent thereto, CIG shall no longer have the right to submit any further proposals and/or AFE's to Mesa. Notwithstanding the above provisions, CIG and Mesa stipulate and agree that nothing herein contained shall in any way modify, change or otherwise diminish CIG's right to take delivery of gas pursuant to the "B" Contract, as amended. 6.1.1 If Mesa makes any such proposal, it shall accompany the proposal with an AFE specifying the work to be performed and the estimated cost of the operation. If the proposal is made by CIG, Mesa shall have thirty (30) days in which to prepare and submit such an AFE to CIG. Provided, however, that in either event, if drilling or reworking equipment is on location, CIG may waive preparation of an AFE and request that the operation commence immediately. CIG reserves the right to contest the reasonableness and amount of costs incurred in any such project, notwithstanding the receipt and acceptance of an AFE and completion of the project. 6.1.2 Mesa shall, within ninety (90) days after work is proposed, actually commence the proposed operation and complete it with due diligence at the cost and expense of CIG, as a Capital Expenditure as set forth in the accounting procedure attached as Exhibit "C". If Mesa has not commenced the actual operation within the time provided and further fails to do so within thir...
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Related to Reworks and Redrills

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  • Existing Facilities Each of the Existing Facilities shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Additional Equipment Additional Equipment may from time to time be added as the subject matter of this Agreement as agreed on by the parties. Any additional property will be added in an amendment describing the property, the monthly rental, security deposit, and stipulated loss value of the additional Equipment. All amendments must be in writing and signed by both parties. Other than by this amendment procedure, this Agreement may not be amended, modified, or altered in any manner except in writing signed by both parties.

  • Transporting Students 1. Employees shall not transport students except in accordance with School Board rules. The Board shall adopt a school board policy outlining the teacher’s and the Board’s responsibilities and liabilities. Said policy shall be included in all school handbooks beginning with the 2004-05 school year. 2. Teachers will not be required to transport pupils to and from activities which take place away from the school grounds.