TEA JOA Sample Clauses

TEA JOA. The Parties will work in good faith to negotiate and enter as soon as practicable after the execution of this Agreement a joint operating agreement covering the TEA Agreement and TEA Areas and designating Operator as the operator thereunder. The joint operating agreement so entered into is referred to in this agreement as the “TEA JOA”. All Operations conducted with respect to the TEA Area shall be conducted pursuant to the terms of the TEA JOA, and Gulf and Operator shall be responsible for their respective TEA Participating Interest shares of the On-Going Costs of such Operations, except as otherwise provided in Clause 2.6.