Industry Forum Sample Clauses

Industry Forum. Participation and management Together with other joint ventures on the Norwegian Continental Shelf which have entered into a Joint Operating Agreement and an Accounting Agreement with corresponding provisions, the Parties are entitled to participate in an Industry Forum. Each licensee is entitled to one (1) member. The licensees in Affiliated Companies are all together entitled to one (1) member only. Each member is entitled to be assisted in the meetings by relevant expert personnel. Norwegian Oil and Gas (or another entity appointed by the Ministry) shall act as its secretariat and appoint the chair of the Industry Forum. The chair shall convene the meetings of the Industry Forum. A meeting shall be held at least once per year. Any member can recommend that the chair convene additional meetings. Meetings shall always be convened for processing matters in pursuance of Article 2.3.2 litra b). Otherwise, meetings are convened when the chair finds that a case fulfils the terms in Article 2.3.2 litra a), or when at least two (2) members request such meetings. Notice of the meeting shall be received by the members no later than ten (10) business days prior to the meeting. It shall state the time and place for the meeting and the matters to be dealt with, as well as contain sufficient background material. A member may, by giving at least five (5) business days’ notice to the chair and the other members, require that other matters, within the framework of the objects of the Industry Forum, be listed on the agenda for the meeting. Minutes shall be kept of the meetings. The provisions in Article 5.7 in Attachment A - Joint Operating Agreement relating to protocol for the Partner Forum shall apply correspondingly. Tasks The purpose of the Industry Forum is to share information regarding matters that pertain to the interpretation and application of this Attachment B – Accounting Agreement and related issues in Attachment A – Joint Operating Agreement, which are of mutual interest to the licensees, and discuss such matters in an effort to, in the extent possible, achieve uniform processing of similar cases across the joint ventures. The Industry Forum shall process: Matters that are suited for ensuring uniform practice in joint ventures with different operators that concern the interpretation and application of this Attachment B – Accounting Agreement and related issues in Attachment A – Joint Operating Agreement, including the operators’ charges and distribution of ...
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Related to Industry Forum

  • Governing Law; Forum This Agreement and all disputes or controversies arising out of or relating to this Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to principles of conflicts of laws. Each Holder agrees that it shall bring any litigation with respect to any claim arising out of or related to this Agreement, exclusively in the Delaware Court of Chancery (and if jurisdiction in the Delaware Court of Chancery shall be unavailable, the state and federal courts in the State of Delaware) (together with the appellate courts thereof, the “Chosen Courts”). In connection with any claim arising out of or related to this Agreement, each Holder hereby irrevocably and unconditionally (i) submits to the exclusive jurisdiction of the Chosen Courts, (ii) waives any objection that such Person may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement in the Chosen Courts, (iii) waives any objection that the Chosen Courts are an inconvenient forum or as not having jurisdiction over either the Corporation or the Holder, (iv) agrees that service of process in any such action or proceeding shall be effective if notice is given in accordance with Section 5(d), although nothing contained in this Agreement shall affect the right to serve process in any other manner permitted by law and (v) agrees not to seek a transfer of venue on the basis that another forum is more convenient. Notwithstanding anything herein to the contrary, (A) nothing in this Section 5(e) shall prohibit any party from seeking or obtaining orders for conservatory or interim relief from any court of competent jurisdiction and (B) each Holder agrees that any judgment issued by a Chosen Court may be recognized, recorded, registered or enforced in any jurisdiction in the world and waives any and all objections or defenses to the recognition, recording, registration or enforcement of such judgment in any such jurisdiction.

  • Forum Indemnitee shall be entitled to select the forum in which determination of whether or not Indemnitee has met the applicable standard of conduct shall be decided, and such election will be made from among the following:

  • Governing Law and Forum This Agreement shall be deemed to be a contract made under, and for all purposes shall be governed by and construed in accordance with, the laws of the State of California, except its conflict of law provisions. The Parties irrevocably consent that any legal action or proceeding arising under or relating to this Agreement to which the CAISO ADR Procedures do not apply, shall be brought in any of the following forums, as appropriate: any court of the State of California, any federal court of the United States of America located in the State of California, or, where subject to its jurisdiction, before the Federal Energy Regulatory Commission.

  • Governing Law; Forum Selection This contract is governed by the laws of the State of Alaska. To the extent not otherwise governed by Article 3 of this Appendix, any claim concerning this contract shall be brought only in the Superior Court of the State of Alaska and not elsewhere.

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