Common use of Breach by a Partner Clause in Contracts

Breach by a Partner. If a Partner commits a material breach of this Agreement, the Operator may terminate its responsibilities to that Partner under this Agreement by providing notice to that Partner and giving that Partner 30 days to correct the breach. If that Partner fails to correct the breach to the satisfaction of the Operator within 30 days, the Operator may terminate its obligations to that Partner under this Agreement immediately. Operator’s termination of its obligations to one Partner under this section does not impact its obligations to the remaining Partners under this Agreement and its obligations under this Agreement to the remaining Partners shall remain in full force and effect. Operator’s remedies for breach of contract shall be limited to the Partner that caused the material breach. Operator shall not assert a claim for breach of contract against other Partners for the breach of a single Partner.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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