Appointment of Operator. 10.1 Unless otherwise agreed by the Parties in writing, and except as otherwise provided in this Article 10, the Optionor will act as Operator until the Second Operative Date, at which time the Operator will be the party with the largest Interest. If, after the Second Operative Date, the Parties' Interests change, the party with the largest Interest will be the Operator.
Appears in 2 contracts
Samples: Agreement (Nu-Mex Uranium Corp.), Agreement (Nu-Mex Uranium Corp.)
Appointment of Operator. 10.1 9.1 Unless otherwise agreed by the Parties in writing, and except as otherwise provided in this Article 109, the Optionor will act as Operator until the Second Operative Date, at which time the Operator will be the party with the largest Interest. If, after the Second Operative Date, the Parties' β Interests change, the party with the largest Interest will be the Operator.
Appears in 2 contracts
Samples: Agreement (Strathmore Minerals Corp.), Agreement (Strathmore Minerals Corp.)