Abandonment of WXXXX Sample Clauses

Abandonment of WXXXX. If at any time Farmee desires to plug and abandon any well drilled under this Agreement during its drilling or completion phase, whether drilled during the earning phase or after an assignment has been made, then prior to the plugging and abandonment of such well, Farmee shall notify Farmor of its intent to plug and abandon such well and Farmee shall postpone the plugging and abandonment during such notification period to allow Farmor the opportunity to take over such well, and Farmor’s rights to take over any such well shall survive the termination of this Agreement. Farmor shall have the right, (i) within forty-eight (48) hours after receipt of Farmee’s notice of its intent to plug and abandon if a drilling rig is then on the well, or (ii) within 30 days after receipt of Farmee’s notice of intent to plug and abandon if no drilling rig is on the well at the time of such notice, to take over any such well for additional testing by any method, or for deepening, with Farmor being solely responsible for all costs and expenses incurred from the time of Farmor’s take over, including standby rig time, if required. In the event any such well shall be taken over by Farmor for such purposes, and such work results in a completion attempt wherein such well shall be completed as a producer of oil and/or gas, then all of Farmee’s rights in such well and to the production of any oil or gas obtainable therefrom, and in any related equipment, shall be owned by Farmor, and any right of Farmee to earn an assignment hereunder as to such well shall be extinguished and forfeited. If such well is taken over by Farmor after Farmee shall have already obtained an assignment of the acreage on which such well is drilled, then upon such takeover by Farmor, Farmee’s rights in such well and in any related equipment, and all production obtainable from the wellbore in all horizons penetrated by the well and all rights to produce the same shall be owned by and revert to Farmor and Farmee shall execute a re- assignment of such rights to Farmor to evidence such reversion. Such re-assignment shall also include all rights in the previously assigned acreage as to all formations from which Farmee is not then producing oil or gas. If such well is the only well then being operated by Farmee on an acreage tract previously assigned to Farmee, then such re-assignment shall include all of the acreage and formations in that tract originally assigned. In the event the completion attempt results in a no...
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Abandonment of WXXXX 

Related to Abandonment of WXXXX

  • Abandonment of Position An employee who fails to report for duty for three (3) consecutive working days without informing the Employer of the reason for her absence will be presumed to have abandoned her position. An employee shall be afforded the opportunity within ten (10) working days to rebut such presumption and demonstrate that there were reasonable grounds for not informing the Employer.

  • Abandonment If at any time during the term of this Agreement Tenant abandons the Premises or any part thereof, Landlord may, at Landlord's option, obtain possession of the Premises in the manner provided by law, and without becoming liable to Tenant for damages or for any payment of any kind whatever. Landlord may, at Landlord's discretion, as agent for Tenant, relet the Premises, or any part thereof, for the whole or any part thereof, for the whole or any part of the then unexpired term, and may receive and collect all rent payable by virtue of such reletting, and, at Landlord's option, hold Tenant liable for any difference between the rent that would have been payable under this Agreement during the balance of the unexpired term, if this Agreement had continued in force, and the net rent for such period realized by Landlord by means of such reletting. If Landlord's right of reentry is exercised following abandonment of the Premises by Tenant, then Landlord shall consider any personal property belonging to Tenant and left on the Premises to also have been abandoned, in which case Landlord may dispose of all such personal property in any manner Landlord shall deem proper and Landlord is hereby relieved of all liability for doing so.

  • Abandonment of Premises If the property becomes vacant during the term of this lease, and if at the time of the vacancy Tenant are in default in the payment of any installment of rent, then the rent for the entire term shall become at once due and payable and Landlord may proceed to collect rent for said entire premises, with or without process of law, to take possession thereof, to remove any and all property there from and store as required by law, to lease the premises as agent of Tenant, and to apply the proceeds received from such letting toward the payment of Tenant' rent under this lease; such re-entry and re-letting shall not discharge Tenant from liability for rent, nor from any other obligation under the terms of this lease.

  • Abandonment of Property We need not accept any property abandoned by an "insured".

  • Job Abandonment (a) If an employee is absent without authorized leave for twelve (12) or more consecutive days, excluding officially observed University Holidays or days when the University is officially closed by the directive of the University President or President’s designee, under the provisions of the BOT-UFF Policy on Leaves, the employee shall be considered to have abandoned the position and voluntarily resigned from the University.

  • ABANDONMENT OR DEFAULT If Provider abandons work or defaults on the Contract, the GLO may terminate the Contract without notice. Provider will not be considered in any re-solicitation of the services described herein and may not be considered in future solicitations for similar services, unless the specification or scope of work changes significantly. The GLO will determine the period of suspension based on the seriousness of the abandonment or default.

  • Restoration of Rights on Abandonment of Proceedings In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.

  • Termination or Abandonment Notwithstanding anything contained in this Agreement to the contrary, this Agreement may be terminated and abandoned at any time prior to the Effective Time, whether before or after any approval of the matters presented in connection with the Merger by the stockholders of the Company:

  • Rejected Items; Abandonment (a) The Contractor may deliver, cause to be delivered, or, in any other way, bring or cause to be brought, to any State premises or other destination, Goods, as samples or otherwise, and other supplies, materials, equipment or other tangible personal property. The State may, by written notice and in accordance with the terms and conditions of the Contract, direct the Contractor to remove any or all such Goods (“the “Rejected Goods”) and any or all other supplies, materials, equipment or other tangible personal property (collectively, the “Contractor Property”) from and out of State premises and any other location which the State manages, leases or controls. The Contractor shall remove the Rejected Goods and the Contractor Property in accordance with the terms and conditions of the written notice. Failure to remove the Rejected Goods or the Contractor Property in accordance with the terms and conditions of the written notice shall mean, for itself and all Contractor Parties, that:

  • Abandonment of Employment 3.5.1 The absence of an employee from work for a continuous period exceeding three working days without the consent of the Company and without notification to the Company will be at face value evidence that the employee has abandoned employment.

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