Geological Data Sample Clauses
The 'Geological Data' clause defines the rights and obligations of parties regarding the collection, ownership, use, and sharing of geological information obtained during a project. Typically, this clause specifies who retains ownership of raw and interpreted geological data, outlines any requirements for sharing such data with regulatory authorities or other stakeholders, and may address confidentiality or data access restrictions. Its core function is to ensure clarity over data rights and responsibilities, thereby preventing disputes and facilitating compliance with legal or contractual obligations.
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Geological Data. Prior to the Payout Date, El Paso shall, subject to their reasonable availability and the limitations of confidentiality undertakings with co-owners or other third parties, at Ramshorn's cost and expense furnish Ramshorn and its duly authorized agents and representatives, including its advisers and consultants (herein collectively referred to as its "Agents"), copies of all electric and other logs of the Subject ▇▇▇▇▇. Prior to the Payout Date, Ramshorn and its Agents shall also have access to all records regarding all cores, cuttings, and other geological, well and production data secured from operations on the Subject ▇▇▇▇▇. Ramshorn shall not have access to any seismic data in El Paso's possession. After the Payout Date, Ramshorn and its representatives shall have access to all records regarding production data, future capital investment plans, marketing arrangements, processing arrangements and any other data necessary, as determined by Ramshorn in its reasonable discretion, to evaluate Ramshorn's After Payout Overriding Royalty Interest. All information furnished to Ramshorn pursuant to this Section 6.5 is confidential and for the sole benefit of Ramshorn and shall not be shown or disclosed by Ramshorn to any Person except as provided in the Confidentiality Agreement dated April 23, 2003, by and between El Paso and Ramshorn Brothers, Inc.
Geological Data. 12.1. Subject to the provisions of clause 12.2 –
12.1.1. Sibanye shall make copies of the Geological Data generated by it pursuant to its operations on the Freegold Mining Area Exchange Portions available to Freegold; and
12.1.2. Freegold shall make copies of the Geological Data generated by it pursuant to its operations on the Sibanye Mining Area Portions available to Sibanye.
12.2. The Parties shall be obliged to maintain the confidentiality of the information contained in the Geological Data provided to it by the other Party. Should any unauthorised disclosure of the information contained in the Geological Data take place in breach of the provisions of this clause 12, the non-breaching Party shall, in addition to its rights in terms of clause 17, be entitled by written notice to the breaching Party to terminate all obligations to provide the Geological Data to the breaching Party with immediate effect.
Geological Data. Prior to the Payout Date, El Paso shall, subject to their reasonable availability and the limitations of confidentiality undertakings with co-owners or other third parties, at Lehman's cost and expense furnish Lehman and its duly authorized age▇▇▇ ▇▇▇ representatives, including ▇▇▇ ▇dvisers and consultants (herein collectively referred to as its "Agents"), copies of all electric and other logs of the Subject Wells. Prior to the Payout Date, Lehman and its Agents shall also ha▇▇ ▇▇cess to all records regardin▇ ▇▇▇ cores, cuttings, and other geological, well and production data secured from operations on the Subject Wells. Lehman shall not have access to any seismic data in El Paso's ▇▇▇▇es▇▇▇▇. After the Payout Date, Lehman and its representatives shall have access to all records rega▇▇▇▇▇ production data, future capital investment plans, marketing arrangements, processing arrangements and any other data necessary, as determined by Lehman in its reasonable discretion, to evaluate Lehman's After Payo▇▇ ▇▇▇rriding Royalty Interest. All information f▇▇▇▇▇▇▇▇ to Lehman pursuant to this Section 6.5 is confidential and for the sole ▇▇▇▇▇it of Lehman and shall not be shown or disclosed by Lehman to any Person e▇▇▇▇▇ as provided in the Confidentiality Agree▇▇▇▇ ▇ated April 23, 2003, by and between El Paso and Lehman Brothers, Inc.
Geological Data. Geological data and work on leases not connected with, or in any way relating to, the Leasehold Interests;
Geological Data. Upon execution of this Agreement, Harvest shall --------------- deliver to Atlas copies of all metallurgical, geological, geophysical, geochemical, and engineering data, and interpretive reports derived therefrom, concerning the Properties which Harvest possesses or to which it has access. If it elects not to exercise the Option, Atlas shall promptly return to Harvest all data provided to Atlas pursuant to this Section 7(c), as well as any similar data developed by Atlas during the Option Period.
Geological Data. Upon request Assignor shall, subject to the limitations of confidentiality undertakings with co-owners or other third parties, furnish to Assignee access to all geological, well and production data which Assignor has on hand relating to operations on the Subject Interests. Assignor shall also furnish to Assignee quarterly reports showing the status of development, producing and other operations conducted by Assignor on the Subject Interests. All information furnished to Assignee pursuant to this section is confidential and for the sole benefit of Assignee and shall not be shown by Assignee to any other Person.