Common use of COC Clause in Contracts

COC. shall perform all Required Services and Drilling Services in accordance with the Operating Budget and related Resource Management Plan (except for Emergencies under Section 2.3). Should COC determine during the course of the year that it cannot in good faith perform the Required Services and Drilling Services within the Operating Budget, COC shall immediately notify CFP. COC shall prepare a revised Operating Budget, together with any necessary supplementary materials, setting forth in reasonable detail the reasons for the inability of COC to perform the services contemplated hereunder within the Operating Budget and the reasons for omission from such Operating Budget of expenses, the incurrence of which COC considers necessary, and submit them to CFP within fifteen (15) days after determining the need for the revised Operating Budget. The proposed revised Operating Budget shall be subject to approval in the manner described in Section 3.1.

COC. shall perform all Required Services and Drilling Services in accordance with the Operating Budget and related Resource Management Plan (except for Emergencies under Section 2.3). Should COC determine during the course of the year that it cannot in good faith perform the Required Services and Drilling Services within the Operating Budget, COC shall immediately notify CFPCPD. COC shall prepare a revised Operating Budget, together with any necessary supplementary materials, setting forth in reasonable detail the reasons for the inability of COC to perform the services contemplated hereunder within the Operating Budget and the reasons for omission from such Operating Budget of expenses, the incurrence of which COC considers necessary, necessary and submit them to CFP CPD within fifteen (15) days after determining the need for the revised Operating Budget. The proposed revised Operating Budget shall be subject to approval in the manner described in Section 3.1.