Non-Consenting Party definition

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

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

• Any amount realized from the sale or other disposition of equipment newly acquired in connection with any such operation which would have been owned by a Non-Consenting Party had it participated therein shall be credited against the total unreturned costs of the work done and of the equipment purchased in determining when the interest of such Non-Consenting Party shall revert to it as above provided; and if there is a credit balance, it shall be paid to such Non-Consenting Party.

• 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.

• The rights and duties granted to and imposed upon the Operator under this agreement are granted to and imposed upon the party designated as Operator for an operation in which the original Operator is a Non-Consenting Party.

• If a Deepening operation is approved pursuant to such provisions, and if any Non-Consenting Party elects to participate in the Deepening operation, such Non-Consenting party shall pay or make reimbursement (as the case may be) of the following costs and expenses.

• Any amount realized from the sale or other disposition of equipment newly acquired in connection with any operation which would have been owned by a Non-Consenting Party had it participated shall be credited against the total unreturned costs of the work done and of the equipment purchased in determining when the interest of the Non-Consenting Party shall revert to it as provided above; and, if there is a credit balance, it shall be paid to the Non-Consenting Party.

More Definitions of Non-Consenting Party

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

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

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

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 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.

Non-Consenting Party means the Shareholder who waives to approve the Work Program and the Budget proposed for Eligible Project or Sole Risk Development as provided for in Clause 10 of this Agreement.