Common use of Future Activities Clause in Contracts

Future Activities. The Administrative Services to be provided shall be provided with respect to the Business, which shall include all of the assets and activities of the Company, as now owned or conducted or as may be owned or conducted in the future. Notwithstanding the foregoing, in the event the Company acquires an asset or begins performing an activity outside the oil and gas business or scope of Gulf's normal course of business, the Company may request that such new assets or activity be excluded from the Business. If, in Gulf's reasonable opinion, such asset or activity is in the normal course of Gulf's and the Company's business, Gulf may submit the question of whether or not the asset or activity should be part of the Business to the Resolution Committee as contemplated by Section 3.3, the decision of which shall be final and binding. If the asset or activity is agreed or determined not to be within the oil and gas business or the normal course of Gulf's business, Gulf shall provide no Administrative Services in respect of such asset or activity.

Future Activities. The Administrative Technical Services to be provided shall be provided with respect to the Business, which shall include all of the assets and activities of the Company, as now owned or conducted or as may be owned or conducted in the future. Notwithstanding the foregoing, in the event the Company acquires an asset or begins performing an activity outside the oil and gas business or scope of Gulf's normal course of business, the Company may request that such new assets or activity be excluded from the Business. If, in Gulf's reasonable opinion, such asset or activity is in the normal course of Gulf's and the Company's business, Gulf may submit the question of whether or not the asset or activity should be part of the Business to the Resolution Committee as contemplated by Section 3.3, the decision of which shall be final and binding. If the asset or activity is agreed or determined not to be within the oil and gas business or the normal course of Gulf's business, Gulf shall provide no Administrative Technical Services in respect of such asset or activity.

Future Activities. The Administrative IT Services to be provided shall be provided with respect to the Business, which shall include all of the assets and activities of the Company, as now owned or conducted or as may be owned or conducted in the future. Notwithstanding the foregoing, in the event the Company acquires an asset or begins performing an activity outside the oil and gas business or scope of Gulf's normal course of business, the Company may request that provision of IT Services in respect of such new assets or activity be excluded from the Business. If, in Gulf's reasonable opinion, such asset or activity is in the normal course of Gulf's and the Company's Company business, Gulf may submit the question of whether or not the asset or activity should be part of the Business to the Resolution Committee as contemplated by Section 3.33.4, the decision of which shall be final and binding. If the asset or activity is agreed or determined not to be within the oil and gas business or the normal course of Gulf's business, Gulf shall provide no Administrative IT Services in respect of such asset or activity.