Farmouts. Except as set forth below, neither Anadarko nor UPR shall enter into any farmouts except farmouts in accordance with the guidelines for farmouts or similar transactions jointly developed by their respective Chief Executive Officers. Prior to the time such guidelines are established, neither Anadarko nor UPR shall enter into any farmouts without first consulting with the other party.
Appears in 3 contracts
Sources: Merger Agreement (Anadarko Petroleum Corp), Merger Agreement (Anadarko Petroleum Corp), Agreement and Plan of Merger (Union Pacific Resources Group Inc)