Second Opportunity to Participate. If fewer than all PARTIES elect to participate, the OPERATOR shall inform the PARTIES of the elections made, whereupon any PARTY originally electing not to participate may then elect to participate by notifying the OPERATOR within forty-eight (48) hours after receipt of such information. Thereafter, if fewer than all PARTIES elect to participate, the PARTICIPATING PARTIES shall be afforded the alternatives as set out under Article 10.3.
Appears in 6 contracts
Samples: Agreement (Beta Oil & Gas Inc), Agreement (Beta Oil & Gas Inc), The Purchase and Sale Agreement (Primeenergy Corp)
Second Opportunity to Participate. If fewer than all PARTIES elect to participate, the OPERATOR shall inform the all PARTIES of the elections made, whereupon any PARTY originally electing not to participate may then elect to participate by notifying the OPERATOR within forty-eight (48) hours after receipt of such information. Thereafter, if fewer than all PARTIES elect to participate, the PARTICIPATING PARTIES shall be afforded the alternatives as set out under Article 10.3.
Appears in 3 contracts
Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy L Fund LLC), Joint Operating Agreement (Ridgewood Energy K Fund LLC)
Second Opportunity to Participate. If fewer than all PARTIES elect to participate, the proposing PARTY shall inform the OPERATOR of the elections made. OPERATOR shall inform the PARTIES of the elections madeelections, whereupon any PARTY originally electing not to participate may then elect to participate by notifying the OPERATOR within forty-eight (48) hours after receipt of such information. Thereafter, if fewer than all PARTIES elect to participate, the PARTICIPATING PARTIES shall be afforded the alternatives as set out under Article 10.3.
Appears in 2 contracts
Samples: Agreement (Beta Oil & Gas Inc), Agreement (Beta Oil & Gas Inc)
Second Opportunity to Participate. If fewer than all PARTIES elect to participate, the OPERATOR shall inform the PARTIES of all PARTIESof the elections made, whereupon any PARTY originally electing not to participate may then elect to participate by notifying the OPERATOR within forty-eight (48) hours after receipt of such information. Thereafter, if fewer than all PARTIES elect to participate, the PARTICIPATING PARTIES shall be afforded the alternatives as set out under Article 10.3.
Appears in 1 contract
