Operator and Non. Operator shall each have the right to transfer or otherwise assign working interests in any Well to any affiliate and to any limited partnership or other entity from which Operator or Non-Operator receives funds to drill the Well, provided, however, that each party must retain at least twenty percent (20%) of the working interests for which it participated hereunder in each Well (such retention may be by the direct ownership of such minimum working interest or indirectly by such party's ownership of an affiliate or such limited partnership or other entity which owns working interests in the Well) unless otherwise consented to by the other party, such consent not to be unreasonably withheld.
Appears in 5 contracts
Samples: Drilling and Operating Agreement (Atlas America Public # 14-2004 Program), Drilling and Operating Agreement (Atlas America Public #15-2005 Program), Drilling and Operating Agreement (Atlas America Public #16-2007 (A) L.P.)
Operator and Non. Operator shall each have the right to transfer or otherwise assign working interests in any Well to any affiliate and to any limited partnership or other entity from which Operator or Non-Operator receives funds to drill the Well, provided, however, that each party must retain at least twenty percent (20%) of the working interests for which it participated hereunder in each Well (such retention may be by the direct ownership of such minimum working interest or indirectly by such party's ’s ownership of an affiliate or such limited partnership or other entity which owns working interests in the Well) unless otherwise consented to by the other party, such consent not to be unreasonably withheld.
Appears in 2 contracts
Samples: Drilling and Operating Agreement (Atlas Energy Resources, LLC), Drilling and Operating Agreement (Atlas America Series 27-2006 LP)