Operatorship. During the Interim Period, Seller shall remain the operator of those Assets that Seller currently operates (the “Seller Operated Assets”). At or prior to the Closing Date, Seller shall send notices to co-owners of the Seller Operated Assets stating that Seller is resigning as operator, effective upon the Closing, and recommending that Buyer be elected successor operator for the Seller Operated Assets from and after the Closing.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Cubic Energy Inc), Purchase and Sale Agreement (Gastar Exploration USA, Inc.), Purchase and Sale Agreement (Cubic Energy Inc)
Operatorship. During the Interim Period, Seller shall remain the operator of those Assets that Seller currently operates (the “Seller Operated Assets”). At or prior to the Closing Date, Seller shall send notices to co-owners of the Seller Operated Assets stating that Seller is resigning as operator, effective upon the Closing, and recommending that Buyer Xxxxx be elected successor operator for the Seller Operated Assets from and after the Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement
