Article 2 Clause Samples
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Article 2. The second and third sentences of Article 2.4.4 are hereby deleted, and replaced with the following: “For purposes of the immediately preceding sentence only, unless the Owners agree otherwise, if both Owners elect to participate in a Capital Improvement, the anticipated use by each of them of such Capital Improvement shall be in accordance with their respective ownership interests or Capacity Rights then existing in the Shared Facility to which the Capital Improvement relates, based on the nature of the Capital Improvement, and determined in accordance with Schedule X attached to this Amendment No.2.”
Article 2. 2 of the Existing Agreement shall be deleted in its entirety and replaced with the following:
Article 2. In case it is ascertained that natural resources of the sea bottom or under the sea bottom extend on both sides of the demarcation line of the continental shelf with the consequence that the resources of the shelf belonging to one of the contracting parties can be in whole or in part exploited from the part of the shelf belonging to the other contracting party, the competent authorities of the contracting parties will themselves be in contact with one another with the intention of reaching an understanding of the manner in which the foresaid resources shall be exploited previous to consultations by the holders of any eventual concessions.
Article 2. The payment obligation for the Contributor amounts to zero euro (EUR 0).
Article 2. The title of Article 2 of the Credit Agreement is hereby amended and restated in its entirety as follows: