Unitization Procedure Sample Clauses

Unitization Procedure. The Contractor shall notify the Ministry of Energy and the CNH within (60) Business Days upon gathering all the elements to infer the existence of a shared reservoir. Such notice shall contain at least: (i) the underpinned technical analysis that determines the possible existence of a shared reservoir; (ii) the general characteristics of the shared reservoir;
Sample 1Sample 2Sample 3See All (5)
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Unitization Procedure. The Contractor shall notify the Ministry of Energy and CNH within a period that shall not exceed (60) Business Days upon gathering the sufficient elements by which the existence of a shared reservoir is inferred. Such notice shall contain at least: (i) the underpinned technical analysis that determines the possible existence of a shared reservoir; (ii) the general characteristics of the shared reservoir; (iii) the geological, geophysical and other types of assessments used to determine the possible existence of such shared reservoir including, given the case, the information obtained during the drilling of Xxxxx that helped determine that the Discovery exceeded the limits of the Contract Area; (iv) a proposal of a Work Program for the Petroleum Activities prior to the unitization agreement between the Contractor and/or the third parties involved, and (v) additional information the Contractor deems convenient. Once the notice is received, the following shall occur:
Sample 1Sample 2Sample 3See All (5)
Unitization Procedure. The Contractor shall notify the Ministry of Energy and CNH within no more than
Sample 1Sample 2
Unitization Procedure. The Contractor shall notify the Ministry of Energy and the CNH within (60) Business Days upon gathering all the elements to infer the existence of a shared reservoir. Such notice shall contain at least: (i) the underpinned technical analysis that determines the possible existence of a shared reservoir; (ii) the general characteristics of the shared reservoir; (iii) the geological, geophysical and other types of assessments used to determine the possible existence of such shared reservoir including, if the case may be, the information obtained during the drilling of Xxxxx that helped determine that the reservoir exceeded the limits of the Contract Area; (iv) a proposal for a work program for the Petroleum Activities prior to the unitization agreement between the Contractor and third parties involved, and (v) any additional information the Contractor deems convenient. Once the notice is received, the following shall occur:
Sample 1

Related to Unitization Procedure

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  • Contribution Procedure Within fifteen (15) days after receipt by any party to this Agreement (or its representative) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party (“contributing party”), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its representative of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 5.3.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available. Each Underwriter’s obligations to contribute pursuant to this Section 5.3 are several and not joint.

  • Notification Procedure (i) Each such notice shall be deemed to have been delivered:

  • Selection Procedure 10.2.4.1 Internal applicants shall be defined as all applicants with seniority in accordance with Article 12.5.

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