Common use of Deepen Clause in Contracts

Deepen. (If conflicting proposals are approved, the proposal receiving the largest percentage Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.)

Appears in 4 contracts

Sources: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

Deepen. (If conflicting proposals are approved, the proposal receiving the largest thelargest percentage of Working Interest approval shall take precedence, and in the inthe event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.)

Appears in 2 contracts

Sources: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)

Deepen. (If if conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.)

Appears in 1 contract

Sources: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

Deepen. (If conflicting proposals are approved, the proposal receiving the largest percentage of Working Interest approval shall take precedence, and in the event of a tie between two (2) or more approved proposals, the approved proposal first received by the Parties shall take precedence.)

Appears in 1 contract

Sources: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)