Non-Consenting Party definition

Non-Consenting Party means each Party who elects not to participate in an Exclusive Operation.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Non-Consenting Party means a party who elects not to participate in a proposed operation. Unless the context otherwise clearly indicates, words used in the singular include the plural, the plural include the singular, and the neuter gender includes the masculine and the feminine.

Non-Consenting Party means a Party who elects not to participate in an Exclusive Risk Operation.

Examples of Non-Consenting Party in a sentence

For sixty (60) Days from receipt of such Development Plan or such lesser period of time prescribed by the Contract, each Non-Consenting Party shall have the option to reinstate the rights it relinquished pursuant to Article 7.4(B) and to participate in such Development Plan.
In either case such Non-Consenting Party shall be deemed to have withdrawn from this Agreement to the extent it relates to such Exploitation Area, even if the Development Plan is modified or expanded subsequent to the commencement of operations under such Development Plan and shall be further deemed to have forfeited any right to participate in the construction and ownership of facilities outside such Exploitation Area designed solely for the use of such Exploitation Area.
Each such Non-Consenting Party shall have the option exercisable for forty-eight (48) hours from receipt of such notice to participate for its Participating Interest share in the initial proposed Completion of such well.
Any Party that gave notice of non-consent shall be a Non-Consenting Party as to such Exclusive Operation.
If a Non-Consenting Party desires to receive and acquire the right to use such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Article 3.2(A) of the cost incurred in obtaining such G & G Data.

More Definitions of Non-Consenting Party

Non-Consenting Party has the meaning set forth in the JOA.

Non-Consenting Party means either Carrizo or Investor LLC, if such Party elects not to participate in an Exclusive Operation as described in the Operating Agreement. For the avoidance of doubt, as used herein, the term “Non-Consenting Party” shall not include any other party that may be subject to the Operating Agreement.

Non-Consenting Party has the meaning set forth in Section 3.5(a)(ii).

Non-Consenting Party means a Party who elects not to participate in an Exclusive Operation. Non-Operator means the Party or Parties to this Agreement other than Operator.

Non-Consenting Party has the meaning given to that term in Clause 8.10; "Non-Defaulting Parties" has the meaning given to that term in Clause 15.1; "Non-Operator" means a Party other than the Operator; "Non-Sole Risk Parties" means the Parties which do not participate in a Sole Risk Operation; "Notice of Withdrawal" has the meaning given to that term in Clause 16.2; "Operating Committee" means the operating committee established pursuant to Clause 7 of this Agreement; "Operating Costs" means all costs directly incurred in producing, handling, transporting and treating Petroleum from a well, exclusive of Drilling Costs, Completion Costs and Equipping Costs, up to the Delivery Point; "Operator" means the party from time to time appointed pursuant to this Agreement to carry out the management of the Joint Venture and Joint Operations; "Option" has the meaning given to that term in Clause 15.12; "Option Commencement Date" has the meaning given to that term in Clause 15.12; "Participating Interest" means the following obligations, benefits and rights of a Party, expressed as a percentage and determined in accordance with this Agreement: (a) the obligation, subject to this Agreement, to contribute that percentage of all expenditure and all other obligations arising under or by virtue of this Agreement; (b) the ownership of, and the right and benefit as a tenant in common to receive in kind and to dispose of for its own account, that percentage of Petroleum, and (c) the beneficial ownership as a tenant in common of an undivided share in the percentage of all Joint Property.

Non-Consenting Party has the meaning given to it in Clause 8.5(b) (Individual Participating Party Automatic Termination);

Non-Consenting Party means a party who elects not to participate in a proposed operation. “oil and gas” shall mean oil, gas, casinghead gas, gas condensate, and all other liquid or gaseous hydrocarbons and other marketable substances produced therewith, unless an intent to limit the inclusiveness of this term is specifically stated.