Counterproposals definition

Counterproposals. If a Participating Party makes a counterproposal for Subsequent Exploratory Operations, the other Participating Parties shall have an additional twenty-four (24) hours to respond to all counterproposals. If conflicting proposals for Subsequent Exploratory Operations are made, preference for voting shall be given first to operation (a) above, next to operation (b) above, and so forth. If different depths or locations are proposed for Subsequent Exploratory Operations, preference shall be given to the shallowest depth (or the bottomhole location nearest the existing well bore) and then to other depths or bottomhole locations in descending (or more distant) order. After a decision to conduct a Subsequent Exploratory Operation is made and the Subsequent Exploratory Operation is commenced, the remaining proposals for other types of subsequent Exploratory Operations shall be deemed withdrawn. At the completion of the Subsequent Exploratory Operation, the Operator shall again submit proposal(s) for Subsequent Exploratory Operations to the Participating Parties, through the procedure provided herein, until such time as the well is plugged and abandoned.
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Counterproposals. If a Participating Party makes a counterproposal for a subsequent Appraisal Operation, the other Participating Parties shall have an additional twenty-four (24) hours to respond to all counterproposals. If conflicting proposals for subsequent Appraisal Operations are made, preference for voting shall be given first to operation (a) above, next to operation (b) above, and so forth. If different depths or locations are proposed for subsequent Appraisal Operations, preference for voting shall be given to the shallowest depth (or the location nearest the existing well bore) and then other depths or locations in descending (or more distant) order. After a decision to conduct a subsequent Appraisal Operation is made and the subsequent Appraisal Operation is commenced, the remaining proposals for other types of subsequent Appraisal Operations shall be deemed withdrawn. At the completion of the subsequent Appraisal Operation, the Operator shall again submit proposal(s) for subsequent Appraisal Operations to the Participating Parties, through the procedure provided herein, until such time as the well is plugged and abandoned.
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Examples of Counterproposals in a sentence

  • While no Final Agreement can be executed by the Negotiators, the Parties mutually pledge that the Representatives will be clothed with all necessary power and authority to make Proposals, Counterproposals and reach compromises in the course of Negotiations.

  • If one or more Counterproposals are made, each Party shall elect to participate in the original proposal, one Counterproposal, or neither the original proposal nor a Counterproposal.

  • For the sake of clarity, any standstill obligations contained in the Confidentiality Agreement will be superseded by this Section 4.4(c) to the extent they would prohibit or constrain Celldex’s ability or right to make Counterproposals in accordance with this Section 4.4(c).

  • If one or more Counterproposals are made, each Party shall elect to participate in the original proposal, or one Counterproposal, or neither the original proposal nor a Counterproposal.

  • Counterproposals shall be submitted within a reasonable time agreed upon by both parties.

  • Counter-proposals will be submitted as soon as possible related to the material involved, no later than 15 calendar days after receipt, unless an extended time frame is agreed to by the Parties.

  • While no Final Agreement can be executed by the Negotiators, the Parties mutually pledge that the Representatives will be clothed with all necessary power and authority to make Proposals, Counterproposals, and reach compromises in the course of Negotiations.

  • Counterproposals must be limited to the specific issue raised in the proposals.

  • Counterproposals can be put forward only before voting begins to relevant item of the agenda.

  • Counterproposals must be limited to the scope of the initial proposal.

Related to Counterproposals

  • Proposals has the meaning specified in Section 8.02(c).

  • Transaction Proposals has the meaning set forth in Section 5.8.

  • Request for Proposals or “RFP” means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.