Liability of Parties. If the Partnership participates in a well with third parties the liability of the parties shall be several, not joint or collective. The Partnership shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Prospects. It is not the intention of the parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the parties liable as partners.
Appears in 14 contracts
Samples: Drilling and Operating Agreement (PDC 2003-C Lp), And Operating Agreement (PDC 2003 Drilling Program), Form of Drilling and Operating Agreement (PDC 2004-a Limited Partnership)
Liability of Parties. If the Partnership participates in a well with third parties the liability of the parties shall be several, not joint or collective. The Partnership shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Prospects. It is not the intention of the parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the parties liable as partners.
Appears in 6 contracts
Samples: Drilling and Operating Agreement (PDC 2002 B LTD Partnership), Drilling and Operating Agreement (PDC 2002 C LTD Partnership), Drilling and Operating Agreement (PDC 2003-D Lp)
Liability of Parties. If the Partnership participates in a well with third parties parties, the liability of the parties shall be several, not joint or collective. The Partnership shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Prospects. It is not the intention of the parties to create, nor shall this agreement Agreement be construed as creating, a mining or other partnership or association, or to render the parties liable as partners.
Appears in 4 contracts
Samples: Form of Drilling and Operating Agreement (Rockies Region 2006 Limited Partnership), Drilling and Operating Agreement (Rockies Region 2007 Lp), Form of Drilling and Operating Agreement (Rockies Region 2007 Lp)
Liability of Parties. If the Partnership participates in a well with third parties the liability of the parties shall be several, not joint or collective. The Partnership shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Prospects. It is not the intention of the parties to create, nor shall this tins agreement be construed as creating, a mining or other partnership or association, or to render the parties liable as partners.
Appears in 1 contract
Samples: Form of Drilling and Operating Agreement (PDC 2004-C Limited Partnership)
