Joint Operating Agreements. Borrower shall not, and shall not permit any of its Subsidiaries to, amend, restate, supplement or otherwise modify, any joint operating agreement covering any of the Oil and Gas Properties of Borrower or any of its Subsidiaries in a manner materially adverse to Borrower or such Subsidiary without the prior written consent of Administrative Agent.
Joint Operating Agreements. Upon the issue of an Exploration License in respect of which Avenue or its Nominated Affiliate has notified its wish to acquire a Participating Interest pursuant to clause 4.3(c), Avenue or (as the case may be) the Nominated Affiliate and the other Participants shall enter into a Joint Operating Agreement relating to their respective interests therein, such agreement shall be based upon the agreed form Operating Agreement attached hereto as Schedule B, specific to the Exploration Licenses in each prosect.
Joint Operating Agreements. No joint operating agreement affecting such Seller’s interest in the non-Buyer Operated Properties contains material non-standard terms or provisions or imposes material restrictions on the operation or development of the non-Buyer Operated Properties such that the non-Buyer Operated Properties could not be operated or developed under such agreement as currently written in accordance with the general custom and practice in the same general geographical location as the Properties.
Joint Operating Agreements. The Borrower is the operator with respect to all of the Subject Interests pursuant to the Cxxxxx Joint Operating Agreement. Cxxxxx Operating has entered into the Operating Services Contract with the Borrower with respect to the administration of all of the Subject Interests.
Joint Operating Agreements. Neither Quanterra nor its Affiliate has entered into any joint operating agreement regarding any of the leases or xxxxx affected by this Agreement that contains terms or conditions which impose duties or obligations on Quanterra or its Affiliate beyond those customarily contained or created by joint operating agreements executed in the ordinary course of conducting an oil and gas business.
Joint Operating Agreements. Unlike the absolute financial and structural control affiliations previously described where a centralized authority has power over participating hospitals’ boards of directors and assets, regional hospital systems are now affiliating through a joint operating agreement that may be implemented through a partnership or through a non-profit corporation. The hallmark of the joint operating agreement type of affiliation is that participating hospitals retain their separate identities, boards of directors, and a certain amount of autonomy even though considerable management and financial authority is shifted to the governing body of the JOA. For example, authority to make moral or ethical decisions based on religious principles is usually retained by the hospitals. Powers ceded to the governing body of the joint operating agreement and powers reserved by the hospitals may be spelled out in a variety of documents, including a joint operating agreement, a partnership agreement, articles of incorporation, bylaws, a code of regulations, or management contracts. Because a joint operating agreement affiliation is not a true merger, it has come to be called a "virtual merger." Virtual mergers are intended to unify operations to achieve cost efficiencies necessary to compete successfully in a managed care environment by eliminat ing duplications, consolidating managerial decisions, and offering third-party payers unified access to cost effective services.
Joint Operating Agreements. Except as may be otherwise approved by Lender, in its sole and absolute discretion, Borrower shall, and shall cause each of its Subsidiaries to, comply with, and perform any and all obligations and actions set forth in, the terms and provisions of the Cxxxxx Joint Operating Agreement and any other joint operating agreement applicable to the Subject Interests. Borrower shall, and shall cause each Subsidiary to, provide prompt notice of the execution of all joint operating agreements relating to the Subject Interests or the Subject Hydrocarbons and, upon request by Lender, deliver copies of such joint operating agreements relating to the Subject Interests or the Subject Hydrocarbons to which Borrower or any of its Subsidiaries is a party duly certified by an Authorized Officer of the Borrower as being true, correct and complete, and such agreements shall be in form and substance satisfactory to Lender.
Joint Operating Agreements. The Parties acknowledge and agree that
Joint Operating Agreements. 1. Joint Operating Agreement dated effective May 1, 2008, with Arbol Resources, Inc.;
Joint Operating Agreements. (a) Prior to the commencement of any Development Operation for any well to be drilled on the Joint Assets and, in any event, within thirty (30) days after LINN’s receiving written notice from the Company, the Parties shall enter into a joint operating agreement in the form attached hereto as Exhibit A (the “Form JOA”) in respect of the Applicable Contract Area, to the extent that an existing Form JOA is not, at the relevant time, in place in respect of such Applicable Contract Area. In the event that any Development Operation commences prior to the execution of a Form JOA covering such Development Operation, such Development Operation shall be subject to the provisions of this Agreement, including this Section 2.6(a), and shall be deemed subject to and governed by the Form JOA.
