Definition of Technical Reasons

  1. Technical Reasons means APC's determination, provided in writing to Participant, that the drilling of a Development Well on a Lease is (a) prevented by Force Majeure (including the failure to obtain governmental consents or permits) or (b) not justifiable given APC's reasonable technical, commercial and economic evaluation of the Lease based on the following:

Definition of Technical Reasons in Participation and Development Agreement

Technical Reasons means APC's determination, provided in writing to Participant, that the drilling of a Development Well on a Lease is (a) prevented by Force Majeure (including the failure to obtain governmental consents or permits) or (b) not justifiable given APC's reasonable technical, commercial and economic evaluation of the Lease based on the following: