Participating Interest Share definition

Participating Interest Share shall have the meaning set forth in the Participation Agreement.
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Participating Interest Share means the aggregate percentage interest in the Joint Interests held by such Party and its Affiliates, in each case as may be adjusted from time to time in accordance with this Agreement and any JOA, which with respect to Atlas on the date hereof is equal to the Atlas Participating Interest, and with respect to Reliance on the date hereof is equal to the Reliance Participating Interest.
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Participating Interest Share means the percentage set forth next to each Working Interest Party’s name in Section 5.2(a), as adjusted pursuant to Section 5.2(b), to reflect each Working Interest Party’s undivided share of the aggregate rights and obligations of the Working Interest Parties under the terms of (a) this Agreement and (b) the Operating Agreement.
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Examples of Participating Interest Share in a sentence

  • If a supplemental AFE is not approved by Election, the Operator shall conclude the activity or operation as soon as practical, and each Participating Party will be responsible for its Participating Interest Share of the Costs of the activity or operation, including Costs in excess of the permitted over-expenditure amount.

  • If an assignment is made under this Article 16.2.2, then each Participating Party shall accept its Participating Interest Share, as determined under Article 8.4 (Participation by Fewer Than All Parties), of the Non-Participating Party’s assigned interest.

  • If a Party does not have a right to make an Election or Vote, each of the other Parties has an Electing interest or a Voting interest, as applicable, equal to its Working Interest or its Participating Interest Share, as applicable, divided by the total Working Interest or Participating Interest, as applicable, of those Parties who have a right to make an Election or Vote.

  • At the closing of such purchase, the purchasing Party will be required to pay in cash to the selling Party its Participating Interest Share of the acquisition costs and third party expenses, including lease bonuses, broker fees, abstract costs, title opinion costs and all other third party costs of due diligence, including reasonable attorneys’ fees (“Acquisition Costs”).

  • Except as otherwise provided in this Agreement, the Operator shall pay all Costs of all activities and operations under this Agreement, and each Participating Party shall reimburse the Operator in proportion to its Participating Interest Share for the Costs of these activities and operations.

  • A Party who limits its participation in a Development Well to the base of the Deepest Producible Reservoir shall bear its Participating Interest Share of the Cost and risk of drilling that Development Well to the base of the Deepest Producible Reservoir (including abandonment), and it shall be a Non-Participating Party for the Deeper Drilling and shall be subject to Article 16.5.4 (Non-Consent Development Operations) in regard to the Deeper Drilling.

  • If the use of outside counsel is approved, the fees and expenses incurred as a result thereof shall be charged to the Parties in proportion to their Participating Interest Share in the activity or operation out of which that Claim arose.

  • A Party entitled to receive its Participating Interest Share of an Underinvestment.

  • Within sixty (60) days from receipt of the transfer notice, each non-assigning Party may exercise its preferential right to purchase its Participating Interest Share of the Working Interest offered (on the same terms and conditions, or on equivalent terms for a non-cash transaction as stated in the notice) without reservations or conditions by written notice of that fact to all of the Parties.

  • The Operator shall conduct the abandonment and removal of any Equipment [as defined in Article 18.2 (Abandonment of Equipment)] required by a governmental authority, and the Costs, risks, and net proceeds of that abandonment and removal will be shared by the Participating Parties in that Equipment [as defined in Article 18.2 (Abandonment of Equipment)] according to their Participating Interest Share.


More Definitions of Participating Interest Share

Participating Interest Share has the meaning set forth in Section 2.2.
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Participating Interest Share has the meaning ascribed thereto in section 5.1;
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Participating Interest Share means the Participant's portion of costs expressed as a percentage due and payable in connection with Operations;
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Related to Participating Interest Share

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Participating Dentist means any Dentist who, at the time of rendering a Covered Dental Service to the Member, has a written agreement with CareFirst BlueChoice or the Dental Plan for the rendering of such service.