Development Operations Contract definition
Examples of Development Operations Contract in a sentence
Each Development Party shall notify the Joint Development Operator or such Party Operator and the Operating Committee, of its approval or rejection of such Development Operations Contract within fifteen (15) Business Days of its receipt of such materials.
The Company may only enter into such proposed Development Operations Contract to the extent that the Management Board approves such Development Operations Contract.
From and after the Drilling Carry Termination Date, prior to entering into a Development Operations Contract that can reasonably be expected to result in aggregate payments to the counterparty of more than ten million dollars during any Calendar Year, a Development Operator shall (i) consult with the other Party with respect thereto and (ii) provide a summary of the material terms of such contract to the other Party.
Joint Development Operator and a Party Operator may only enter into a proposed Development Operations Contract that would otherwise be subject to Section 4.7(c)(i) without tender of proposals from more than one service provider if the Operating Committee approves such Development Operations Contract.
Joint Development Operator and any Party Operator shall present a copy of the proposed Development Operations Contract to the Operating Committee.
Joint Development Operator and a Party Operator may only enter into such proposed Development Operations Contract to the extent that the Operating Committee approves such Development Operations Contract.
Failure of a Member to respond within such period shall be deemed an approval of such Development Operations Contract.
Failure of a Development Party to respond within such period shall be deemed an approval of the award of such Development Operations Contract.
The Company shall present a copy of the proposed Development Operations Contract to the Management Board.
Each Board Member shall notify the Company, and the rest of the Management Board, of its approval or rejection of such Development Operations Contract within fifteen (15) Business Days of its receipt of such Development Operations Contract.