Joint Operating Agreements Sample Clauses
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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. Quanterra Partnership has not entered into any joint operating agreement regarding any of the leases or ▇▇▇▇▇ affected by this Agreement that contains terms or conditions which impose duties or obligations on Quanterra Partnership 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. 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. 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. Each Individual Prospect shall be governed by a separate Farmout Agreement and Joint Operating Agreement in the form set forth in Schedule "A" to this Agreement. A Farmout Agreement and Joint Operating Agreement in the form of Schedule "A" shall be executed by CEW upon its election to participate in an Individual Prospect as set forth in Paragraph 4.4.
Joint Operating Agreements. Those certain Joint Operating Agreements by and between Brigham Oil & Gas, L.P. and US Energy Corp covering the Assets below:
Joint Operating Agreements. No Credit Party shall amend, restate, supplement or otherwise modify, or elect a new operator that is not a Credit Party under, any joint operating agreement covering any of the Oil and Gas Properties without the prior written consent of Administrative Agent.
Joint Operating Agreements. An International Comparison from Petroleum Law, Journal of Energy, Natural Resources and Environmental Law, Vol.8(1), pp.49-79. has been cited by the following article: Article