Wattenberg Term Clause Samples

Wattenberg Term. For Y-grade from Wattenberg, this Agreement shall become effective on January 1, 1998 and shall remain in effect for an initial term of 10 calendar years (“Primary Term”), and thereafter It will automatically extend from calendar year to calendar year (“Extended Term”) unless either party terminates the Agreement by giving the other party notice of termination at least 60 days prior to the end of the Primary Term or any Extended Term. The Primary Term and any Extended Term will be called the “Wattenberg Term” of this Agreement.