Operatorship. Within three Business Days after Closing, Seller shall send notices to co-owners of those Assets that Seller currently operates indicating that Seller is resigning as operator, effective upon the Closing Date, and recommending that Purchaser be elected successor operator.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Emerald Oil, Inc.), Purchase and Sale Agreement (Triangle Petroleum Corp), Purchase and Sale Agreement (Triangle Petroleum Corp)
Operatorship. Within three Business Days after Closing, Seller shall send notices to co-owners of those Assets that Seller currently operates indicating that Seller Xxxxxx is resigning as operator, effective upon the Closing Date, and recommending that Purchaser be elected successor operator.
Appears in 1 contract
Samples: Purchase and Sale Agreement
