Examples of Participating Interest in a sentence
From and after the Start Date, Buyer shall purchase from each Seller and pay for, or pay for if not taken, Gas in the quantities of each Seller’s Participating Interest share and at the Gas Price and subject to the terms and conditions of this Agreement.
If no proposal attains the support of a simple majority of the Participating Interests, then the proposal receiving the largest aggregate Participating Interest vote shall be adopted.
All costs and expenses of Contractor for Petroleum Operations shall be borne by the Companies in proportion to their respective Participating Interest.
Each Party acknowledges and accepts that a fundamental principle of this Agreement is that each Party pays its Participating Interest share of all amounts due under this Agreement as and when required.
Subject to Article 27 of the Contract, each Participant shall have the undivided percentage interest determined under the Contract and/or as agreed by the Participants (“Participating Interest”), provided that each Participant's Participating Interest shall not be less than ten percent (10%).