Designation of Operator. Paltar is hereby designated as Operator, and agrees to act as such in accordance with this Agreement.
Designation of Operator. (a) The Company hereby designates MWE Liberty as the initial “Operator” of the Company. Subject to any required Board or Member approvals rights set forth in this Agreement, MWE Liberty shall be responsible for, shall make all decisions regarding and shall have full power and authority to manage the day-to-day operations of the Company’s business, including, the development, construction and operation of the Company’s facilities and business development activities and the oversight of G&A Services and Personnel Services provided to the Company by MWE Hydrocarbon pursuant to the Services Agreement, which includes the day-to-day management and supervision of all Designated MWE Employees. The appointment of MWE Liberty as the Operator shall be exclusive to MWE Liberty, except to the extent that MWE Liberty elects to cause such duties to be provided by third parties (and, in any case MWE Hydrocarbon and MWE Liberty remain fully responsible for compliance with the Services Agreement). MWE Liberty shall have the power and authority to execute contracts, and to take such other actions, on behalf of the Company as may be necessary or appropriate to carry out the Company’s business in accordance with the Approved Budget.
(b) For the avoidance of doubt, the power and authority granted to MWE Liberty as the Operator pursuant to Section 6.11(a) shall specifically include the ability to perform (or cause to be performed) the following services and activities (subject to compliance with any Board or Member approval rights with respect to such services and activities required pursuant to this Agreement):
(i) investigation, analysis and selection of acquisition and business development opportunities;
(ii) with respect to prospective acquisitions or dispositions by the Company, conducting negotiations with sellers and purchasers and their respective agents, representatives and advisors (including, without limitation, investment bankers);
(iii) administering the day-to-day operations of the Company and performing and supervising the performance of such other administrative functions necessary in the management of the Company as may be agreed upon by MWE Liberty as Operator and the Board, including the collection of revenues and the payment of the Company’s debts and obligations and maintenance of appropriate computer services to perform such administrative functions;
(iv) monitoring the operating performance of the Company’s assets and providing periodic reports with respec...
Designation of Operator. GGR is designated as initial Operator and agrees to act as such in accordance with this Agreement.
Designation of Operator. 5 4.2 Rights and Duties of Operator ................................. 5 4.3
Designation of Operator. As between the Parties, Chevron shall be designated as operator for the Initial Test Well for each Prospect listed on Exhibits "A" and "B." The Parties will, if required, execute the appropriate Designation of Operator forms, under the terms hereof, naming Chevron as Operator. Chevron shall also assume the responsibility of the Designated Applicant for oil spill financial responsibility purposes; however no Party is released from any its liabilities for expenses, losses or damages by such assumption by Chevron. The Parties will execute as soon as requested all necessary forms to reflect the selection of operator and Designated Applicant for oil spill financial responsibility purposes.
Designation of Operator. RIATA shall be designated as Operator, subject to the Fina Agreement and the Nuevo Agreement, of any Prospect Area on the Lands within the AMI, subject to MANTI’s approval of an AFE and procedures. In the event that RIATA is non-consent to the operation proposed, then MANTI shall be designated as Operator.
Designation of Operator. SCS is designated as Operator and agrees to act as such in accordance with this Agreement.
Designation of Operator a. Golden Aria shall be the initial Operator for the joint Venture. The Operator shall have exclusive charge of all Operations hereunder and shall conduct such operations in accordance with approved Programs established by the Management Committee. The Operator shall be entitled to charge and receive from the joint Venture Parties, for the Operator's costs of supervision in carrying out each Program where such Program consists primarily of Exploration, 10% on all work incurred by the Operator. Where the Program relates to development and construction and/or operation of a mine, the Operator shall be entitled to charge its actual costs of supervision and administration in carrying out a Program hereunder, such that the Operator neither makes a profit nor incurs a loss as a result of acting as the Operator.
b. The non-Operator may, upon thirty (30) days prior written notice, elect to replace the Operator upon the Participating Interest of the Operator becoming less than 50%; provided, however, that the non-Operator has, at such time, at least a 50% Participating Interest. Where the Operator is replaced by the non-Operator, the Operator shall provide to the non-Operator, within the above thirty (30) day notice period, all exploration data, drill core, geochemical samples and related records.
c. Operator may at any time resign as Operator upon thirty (30) days notice, at which time the non-Operator with the greatest Participating Interest may elect to become the new Operator, failing which the Management Committee shall meet to select a new Operator.
Designation of Operator. 24 8. ADDITIONAL PARTNERS/CO-VENTURERS ......................................................25 --------------------------------
8.1 Chevron's Right to Transfer Its Interest ...........................................25
Designation of Operator. Buyer agrees that Seller shall remain and be Operator of all jointly owned existing or hereafter drilled, created or acquired units, xxxxx and leases. Buyer agrees to execute any required Operating Agreements, Unit Agreements or other documents that are now or hereafter may become necessary to effectuate and/or support Seller being designated as Operator of such jointly owned units, xxxxx or leases.
