Common use of DISPOSAL OF PETROLEUM Clause in Contracts

DISPOSAL OF PETROLEUM. 11.1 The Working Interest Owners shall, subject to Article 10 and the Rules, be permitted to export their share of Petroleum or to dispose it of otherwise at any time or from time to time, the foreign Working Interest Owners shall use their good offices, to assist GHPL/PHC in disposing of its share of Petroleum produced hereunder at the best available prices; provided that in no event shall foreign Working Interest Owners be required to purchase or otherwise provide a market for the GHPL/PHC share of Petroleum produced hereunder. GHPL/PHC shall reimburse the foreign Working Interest Owners for all expenses incurred in rendering to GHPL/[PHC any such assistance on a no- profit no-loss basis.

DISPOSAL OF PETROLEUM. 11.1 The Working Interest Owners shall, subject to Article 10 and the Rules, be permitted to export their share of Petroleum or to dispose it of otherwise at any time or from time to time, the foreign Working Interest Owners shall use their good offices, to assist GHPL/PHC GHPL in disposing of its share of Petroleum produced hereunder at the best available prices; provided that in no event shall foreign Working Interest Owners be required to purchase or otherwise provide a market for the GHPL/PHC GHPL share of Petroleum produced hereunder. GHPL/PHC GHPL shall reimburse the foreign Working Interest Owners for all expenses incurred in rendering to GHPL/[PHC GHPL any such assistance on a no- no-profit no-loss basis.