Common use of Change of Operator; Resignation of Operator Clause in Contracts

Change of Operator; Resignation of Operator. Seller and Buyer shall execute and deliver to one another, as appropriate, all applicable federal and state change of operator forms with respect to the Assets that will be operated by Buyer after the Closing Date. Furthermore, Seller agrees that it shall execute and deliver to Buyer resignation of operator letters in a form reasonably acceptable to Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp), Purchase and Sale Agreement (Magnum Hunter Resources Corp)

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Change of Operator; Resignation of Operator. Seller and Buyer shall execute and deliver to one another, as appropriate, all applicable federal and state change of operator forms with respect to the Assets that will be operated by Buyer after the Closing Date. Furthermore, Seller Xxxxxx agrees that it shall execute and deliver to Buyer resignation of operator letters in a form reasonably acceptable to BuyerXxxxx.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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