Common use of Non-Withdrawal Clause in Contracts

Non-Withdrawal. Should the Party or Parties having the right under the Unit Agreement to withdraw a tract from the Unit Agreement fail to exercise such right, then all payments and liabilities accruing to the owners of uncommitted interests in the tract shall be paid and borne by such Party or Parties.

Appears in 2 contracts

Samples: Unit Operating Agreement (Warren Resources Inc), Operating Agreement (Warren Resources Inc)

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