HHOC definition
Examples of HHOC in a sentence
Health Hackathon Organising Committee (HHOC) means WADSIH and nominated representatives of the event Partners.
To the extent any of the Records or any files, records, or data otherwise related to the Assets are not in HHOC's possession, HHOC shall exercise all reasonable efforts to () obtain such materials from third-party operators of the Assets or other parties having custody thereof or () if such materials cannot be obtained, obtain access for Buyer to the records of third-party operators or other third parties in the offices of such third-party operators or other third parties.
Buyer shall not be liable for any costs or expenses in excess of such fifteen (15%) margin, unless HHOC notifies Buyer as provided herein and Buyer expressly approves in writing the continuation of the operation giving rise to such excess expense or unless the excess expense cannot reasonably be avoided by reason of legal obligations or prudent operating practices, including, but not limited to, the necessity of plugging and abandoning a well in compliance with regulatory or contractual requirements.
Without limiting the foregoing, if at or prior to the Closing HHOC becomes aware of any material change or inaccuracy in any information furnished to Buyer by or on behalf of any Seller or any material adverse change in the operation or condition of any of the Assets not operated by Buyer, HHOC shall promptly notify Buyer of such change or inaccuracy.
In connection with any such continued operation of the Assets by HHOC, HHOC shall be reimbursed by Buyer for all costs and expenses incurred by HHOC with respect thereto, including a charge for overhead, in the same manner as provided in the applicable joint operating agreement.
If Title Defects shall be so specified, HHOC, on behalf of the relevant Seller, shall make all reasonable efforts to cure or remove the Title Defects at the expense of such Seller, and to the extent they are not cured by the relevant Closing, the value allocated to such Title Defects by Buyer in its notices shall be withheld from the Purchase Price payable at such Closing.
If a competing proposal is generated for such well under such joint operating agreement, HHOC agrees to support Buyer's proposal.
HHOC shall promptly notify Buyer in writing if the costs and expenses relating to any Operation in Progress are likely to exceed the AFE estimates by more than fifteen percent (15%) as to the costs incurred by HHOC under each AFE estimate.
If such Title Defects are cured within such 90-day period, Buyer shall pay the amount of the withheld Purchase Price to HHOC for the account of the relevant Seller within three days of receipt of evidence of such cure.
Such continued operations by HHOC shall be for the account of Buyer and other owners of the relevant Assets and shall be conducted in accordance with the covenants in Article IX of this Agreement, subject, however, to provisions of applicable joint operating agreements.