Common use of Priority of Operations Clause in Contracts

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fifty-one percent (51%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.)

Appears in 2 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)

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Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fifty-one percent (5151 %) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate indicate the order of preference.)

Appears in 2 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two one (21) or more Participating Parties having a combined Working Interest of fiftyforty-one five percent (5145%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.)

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. ' If more than one (1) operation is approved by two one (21) or more Participating Parties having a combined Working Interest of fifty-one twenty percent (5120%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.)

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fiftyforty-one five percent (5145%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.):

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two one (21) or more Participating Parties having a combined Working Interest of fifty-one twenty percent (5120%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.)

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two one (21) or more Participating Parties having a combined Working Interest of fifty-one forty percent (5140%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.):

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

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Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fifty-one fifty percent (5150%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.):

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. risk If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fifty-one fifty percent (5150%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate the order of preference.):

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Priority of Operations. If all Participating Parties elect to participate in the same proposed operation, Operator shall conduct the operation at their cost and risk. If more than one (1) operation is approved by two (2) or more Participating Parties having a combined Working Interest of fiftyforty-one five percent (5145%) or more, then the approved operation with the lowest number as indicated below shall take precedence: (Indicate indicate the order of preference.)

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

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