Common use of Disposition Generally Clause in Contracts

Disposition Generally. The Operator shall have no obligation to purchase a Participant's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Operator shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Subsection 4.2.

Disposition Generally. The Operator shall have no obligation to purchase a Participant's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Operator shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Subsection Section 4.2.

Disposition Generally. The Operator shall have no obligation to purchase a Participant's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Operator shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Subsection subsection 4.2.

Disposition Generally. The Operator shall have no obligation to purchase a ParticipantMember's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material; provided, provided however, that the Operator shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants Members as provided in Subsection 4.2Section 4.2 or by sale. The Operator shall credit the Members in proportion to their Participating Interest for all Material sold under this Article 4.