FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution under this Section 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 4 contracts
Samples: Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution distributions under this Section 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 4 contracts
Samples: Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 3 contracts
Samples: Exploration and Development Agreement (ZaZa Energy Corp), Exploration and Development Agreement (ZaZa Energy Corp), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 2 contracts
Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution distributions under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 1 contract
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distribution distributions under this Section 7Sec. 0, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 1 contract
