Common use of Seismic Operations Clause in Contracts

Seismic Operations. With respect to any seismic operations permitted and contemplated under the Subject Leases covered by any Subject Lease Assignment (the “Seismic Operations”), the Parties hereby agree as follows: (i) during the Term hereof, Seller shall provide Buyer will all services related to or otherwise necessary for the Seismic Operations, through itself or its contractors or consultants, in accordance with the standard of performance set forth in Section4(a), at Buyer’s sole cost and expense (including any payment to lessor exercise or extend the term of seismic operations under the Subject Leases), and (ii) Seller will own any and all Seismic Data developed, produced, processed or acquired by Seller during or otherwise in connection with such Seismic Operations, and grant to Buyer a perpetual, non-exclusive, royalty-free, non-terminable license and right to use such Seismic Data in accordance with and subject to the terms and conditions in the Seismic License Agreement and Section5(e) hereof.