Common use of Voting Interest Clause in Contracts

Voting Interest. Each Working Interest Owner shall have a voting interest equal to its Unit Participation which is in effect at the time the vote is taken.

Appears in 2 contracts

Sources: Unit Operating Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)

Voting Interest. Each Working Interest Owner shall have a voting interest equal to its Unit Participation which is in effect at the time the vote is takenParticipation.

Appears in 1 contract

Sources: Unit Operating Agreement (Natural Gas Systems Inc/New)