Examples of Operating Procedure in a sentence
Subject to the provisions of this Head Agreement and the Operating Procedure, (blank) accepts the appointment of initial Operator and agrees to assume, as of the Effective Date, the duties, obligations and rights of the Operator under the Operating Procedure.
Except as otherwise provided in the preceding sentence, Clause 5.2 of this Head Agreement and the Operating Procedure, each Party shall pay all rentals, taxes, royalties, Encumbrances and other payments or burdens on the Title Documents that it contributes to this Agreement in accordance with its Pre-Pooled Interest.
As of the Effective Date, and except as may otherwise be provided herein, the Operating Procedure as amended by this Agreement: governs the relationship of the Parties as to their respective Pooled Interests; and applies to all Operations conducted on the Pooled Lands and the production of Pooled Substances therefrom.
Notwithstanding the provisions of Article 9.00 and Article 10.00 of the Operating Procedure, under no circumstance may a Party Complete a well in one or more formations included in the Pooled Lands and also in any other formation or for any substance not included in the Pooled Lands or Pooled Substances without the consent of the other Parties, which consent may be refused by a Party for any reason.
Except as otherwise provided in the preceding sentence, the Operating Procedure shall apply to the Initial Well.