Common use of Settlement of Claims and Lawsuits Clause in Contracts

Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars ($50,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.

Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars One Hundred Thousand U.S. dollars ($50,000US$100,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.

Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that arise out of Joint Operations or relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand U.S. Dollars One Hundred Thousand (US $50,000100,000.00) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts prior to compromising or settling any claim or suite for an amount in excess of the above-above stated amount. Without prejudice to the foregoing, each Each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise compromise, or defense of such claims or suits.

Settlement of Claims and Lawsuits. (A) The Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, The Operator shall represent the Parties and defend or oppose the claim or suit. The Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars Xxx Xxxxxxx xxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars ($50,000US$150,000.00) exclusive of legal fees. The Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to have reasonable access to and to be provided with all reasonable information and documents of the Operator regarding the claim and to be represented by its own counsel at its own expense in the settlement, compromise or defense defence of such claims or suits.

Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars Five Thousand ($50,0005,000) U.S. dollars, exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.

Settlement of Claims and Lawsuits. (A) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars One Hundred and Fifty Thousand United States dollars ($50,000US$150,000.00) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to have reasonable access to and to be provided with all reasonable information and documents of the Operator regarding the claim and to be represented by its own counsel at its own expense in the settlement, compromise or defense defence of such claims or suits.

Settlement of Claims and Lawsuits. (Aa) Operator shall promptly notify the Parties of any and all material claims or suits that relate in any way to Joint Operations. Subject to approval of the Operating Committee, Operator shall represent the Parties and defend or oppose the claim or suit. Operator may in its sole discretion compromise or settle any such claim or suit or any related series of claims or suits for an amount not to exceed the equivalent of fifty thousand Dollars one million U.S. dollars ($50,000US$1,000,000) exclusive of legal fees. Operator shall obtain the approval and direction of the Operating Committee on amounts in excess of the above-stated amount. Without prejudice to the foregoing, each Non-Operator shall have the right to be represented by its own counsel at its own expense in the settlement, compromise or defense of such claims or suits.