IBW definition
Examples of IBW in a sentence
At such time as the IBW has been drilled to Objective Depth, tested, logged and evaluated or the gross actual well costs of the IBW reach $38.5MM ("Promote Cap"), whichever occurs first, Ridgewood's disproportionate spending shall cease.
MOC and WEI have negotiated with Hess Corporation ("Hess") for Hess to release the 4th slot on the Dia▇▇▇▇ Ocean Voyager Rig ("Voyager") to enable MOC to enter into a drilling contract with Diamond Offshore to utilize said 4th slot to drill the IBW.
This agreement will control as to matters covered herein and will continue unless and until termination.
The Software, Third Party Software and Documentation are copyrighted works of authorship of IBW and its vendors and, except as set forth herein, may not be copied, reproduced, distributed or transferred by any means or in any form, without the express written permission of IBW.
To maintain the integrity of the Customer Data, IBW shall implement, maintain and enforce commercially reasonable security standards and procedures for the host system.
For clarity, IBW shall be entitled to permit consultants providing services to Customer in connection with the System to have access to Customer’s Confidential Information.
Upon written request by Customer made within 30 days after the effective date of termination of a subscription, IBW will send to Customer for any requested standard reports (unfiltered) available on WePlanWell Documents & Report page.
Each of IBW and Customer represents and warrants that it has in place, and shall continue to implement, support and maintain, commercially reasonable security measures and techniques to eliminate to the extent practical unauthorized access or damage to the System and Customer Data including the diligent use of commercially available third-party software to safeguard against computer viruses (collectively “Security Measures”).
All amounts payable to IBW as specified herein are in United States dollars and are net of all Taxes.
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL IBW’S LIABILITY FOR ANY DAMAGES TO CUSTOMER OR ANY OTHER PARTY EVER EXCEED, IN THE AGGREGATE, THE SUBSCRIPTION FEES PAID BY CUSTOMER TO IBW UNDER THIS AGREEMENT DURING THE TWELVE (12) MONTH PERIOD ENDING ON THE DATE OF DELIVERY OF NOTICE TO IBW OF CUSTOMER’S CLAIM, REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, NEGLIGENCE, EQUITY, STRICT LIABILITY, TORT, PRODUCTS LIABILITY, OR OTHERWISE.