General Matter definition
Examples of General Matter in a sentence
In the event EUO representation concludes prior to the completion of the scheduled EUO, such as a decision by Citizens not to pursue the EUO or the insured(s) fails to attend/participate, then Citizens will compensate the Firm for EUO representation in accordance with the First Party Property General Matter hourly rates, not to exceed $1,750 in total compensation for the EUO representation.
Prior to making any expenditure for the Joint Account of less than Two Hundred Fifty Thousand Dollars ($250,000) that requires the utilization of a drilling or workover rig, the Operator shall obtain the approval of the Parties as a General Matter.
If a proposal is approved as a General Matter, any Party shall have the right to decline participation in a contribution and be relieved of any obligations and benefits thereunder.
If any proposed operation requires approval as a General Matter, such approval shall be obtained prior to the Participating Parties proceeding with the Non- Consent Operation.
A proposal for a Development Operation not included in the Development Plan shall require approval as a General Matter and, if approved, such Development Operation not included in the Development Plan shall automatically revise the Development Plan.
However, in the event the Parties cannot unanimously agree upon either the timing and/or content of the news release within five (5) days of such proposed news release, then such timing and/or content shall require approval as a General Matter.
Upon General Matter approval, the Operator, unless otherwise agreed, shall negotiate all contributions on behalf of the Parties (with prior consultation of the Parties and the prior agreement of the cash equivalent value for any non-cash consideration offered or received).
If a proposal for Subsequent Development Operations (except a proposal to plug and abandon), is approved as a General Matter by fewer than all Parties, then the Operator shall conduct the operation at the sole Cost and risk of the Participating Parties.
The Operator shall not allow any taxes to become delinquent, unless such nonpayment is approved as a General Matter.
Upon approval as a General Matter, the Operator shall proceed to install the Facilities as approved, provided, in the judgment of the Operator, it does not interfere with continuing operations on the Contract Area.