Common use of Material Clause in Contracts

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 14 contracts

Samples: Operating Agreement (Belden & Blake Corp /Oh/), Operating Agreement (EV Energy Partners, LP), Operating Agreement (Velocity Oil & Gas, Inc.)

AutoNDA by SimpleDocs

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material those Materials shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsoperators. The accumulation of surplus stocks shall be avoided.

Appears in 5 contracts

Samples: Operating Agreement (New Source Energy Corp), Golden Lane Participation Agreement (New Source Energy Corp), Golden Lane Participation Agreement (New Source Energy Partners L.P.)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use use; and is reasonably practical and consistent with efficient and economical operations. The the accumulation of surplus stocks shall be avoided.

Appears in 4 contracts

Samples: Unit Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.), Unit Operating Agreement (Resaca Exploitation, Inc.)

Material. Material purchased or furnished by the Operator for use on the Joint Property in the conduct of Joint Operations as provided under Section IVIV (Material Purchases, Transfers, and Dispositions). Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and or is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 3 contracts

Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IVparagraph 3. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsoperations will be charged. The accumulation of surplus stocks shall be avoidedminimized at all times.

Appears in 3 contracts

Samples: Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.)

Material. Material Materials purchased or furnished by the Operator for use on the Joint Property in the conduct of Joint Operations as provided under Section IV. Only such Material Materials shall be purchased for or transferred to the Joint Property as may be required for immediate use and or is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 2 contracts

Samples: Operating Agreement (Anadarko Petroleum Corp), Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp)

Material. Material Material, equipment, and supplies purchased or furnished by Operator Operator, for use on of the Joint Property joint property. So far as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and it is reasonably practical and consistent with efficient and economical operations. The operation, only such material shall be purchased for or transferred to the joint property as required for immediate use, and the accumulation of surplus stocks shall be avoidedavoided wherever possible.

Appears in 2 contracts

Samples: Agreement (Canada Southern Petroleum LTD), Agreement (Magellan Petroleum Corp /De/)

Material. Material purchased or furnished by Operator for use on the Joint Property joint property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably reasonable practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Drilling and Operating Agreement (Petrogen Corp)

Material. Material purchased or furnished by the Manager of Operations or Contract Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Joint Development Agreement (Independence Energy Corp.)

Material. Material purchased or furnished by Operator Operator, for use on of the Joint Property joint property. So far as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and it is reasonably practical and consistent with efficient and economical operations. The operation, only such material shall be purchased for or transferred to the joint property as required for immediate use, and the accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Agreement (Canada Southern Petroleum LTD)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. [V Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. operations The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Joint Operating Agreement (West Texas Resources, Inc.)

AutoNDA by SimpleDocs

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only So far as it is reasonably practical and consistent with efficient and economical operation of the Facilities, only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operationsuse. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Operating Agreement (Enterprise Products Partners L P)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be maybe required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, Inc.)

Material. Material Material, equipment, and supplies purchased or furnished by Operator Operator, for use on of the Joint Property as provided under Section IVjoint property. Only So far all reasonably practical and consistent with efficient and economical operation, only such Material material shall be purchased for or transferred to the Joint Property joint property as may be required for immediate use use, and is reasonably practical and consistent with efficient and economical operations. The the accumulation of surplus stocks shall be avoidedavoided wherever possible.

Appears in 1 contract

Samples: Agreement (Eflo Energy, Inc.)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall be avoided.

Appears in 1 contract

Samples: The Purchase and Sale Agreement (Primeenergy Corp)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Such Material shall will only be purchased for or transferred to the Joint Property as may be required for immediate use and as is reasonably practical and consistent with efficient and economical operations. The accumulation of surplus stocks shall of such Material will be avoided.

Appears in 1 contract

Samples: Master Operating Agreement (Mainland Resources Inc.)

Material. Material purchased or furnished by Operator for use on the Joint Property as provided under Section IV. Only such Material shall be purchased for or transferred to the Joint Property as may be required for immediate use and is reasonably practical and consistent with efficient and economical operations. The accumulation of excessive surplus stocks shall be avoided.

Appears in 1 contract

Samples: Operating Agreement (MV Partners LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.