Form JOA definition
Examples of Form JOA in a sentence
Each Party shall have the right to audit and dispute the amounts set forth in any such statement or invoice pursuant to Section I.5 of Exhibit “C” to the Form JOA.
When negotiating a JOA with a third party S&B shall use reasonable efforts to ensure that the provisions of that JOA conform to those of the Form JOA as closely as practicable, and when negotiating with a third party to perform services in connection with a Form JOA, S&B shall use reasonable efforts to cause the terms of the agreement governing those services not to contradict the terms of this Agreement or the applicable Form JOA.
Any mineral or revenue interest owned by ▇▇▇▇ or JAR in an Active MPA is subject to a Form MPA and subject to the Model Form Operating Agreement (hereafter “Form JOA”) attached to the Form MPA, except to the extent that the said Active MPA was subject to a “Third Party Operating Agreement” (meaning an operating agreement other than the Form JOA) prior to the acquisition of the said interest by ▇▇▇▇ or JAR, in which case TODD’s and/or JAR’s interest shall be governed by the Third Party Operating Agreement.
In the event of any conflict or inconsistency between the terms of this Agreement and any Form JOA entered into between the Parties, this Agreement shall prevail to the extent of such conflict.
If the remainder of the entire interest covered by an existing Third Party JOA is subsequently acquired, then such Third Party JOA shall be superseded and replaced in its entirety by a Form JOA (subject to the prevailing terms of this Agreement).
Without limiting the foregoing, if Participant fails to pay any Participant Carry Cost properly charged under this Agreement and any applicable JOA, in addition to any remedies that may be available to Gastar pursuant to any applicable Law, the remedies set forth in Article VII.D. of the Form JOA shall also be available to Gastar, the provisions of which are hereby incorporated and made part of this Agreement.
In the event that any Development Operation commences prior to the execution of a Form JOA covering such Development Operation, such Development Operation shall be subject to the provisions of this Agreement, including this Section 2.6(a), and shall be deemed subject to and governed by the Form JOA.
If the parties own 100% of the working interests in Leases, then the provisions of the JOA attached hereto as Exhibit 'D' (the "Form JOA") shall apply and S&B shall be the operator.