Removal of Operator and Contract Operator Sample Clauses

Removal of Operator and Contract Operator. (i) In addition to the other remedies available hereunder to Wapiti, if Gasco or any of its Affiliates is a Defaulting Party, from and after the 50th day after the Initial Default Date, then, and so long as Wapiti or any of its Affiliates is not in Default and Gasco or its applicable Affiliate is not disputing the applicable Default in good faith, Wapiti may deliver to Gasco a notice that it is electing to remove Gasco as contract operator under the Contract Operating Agreement and as operator under any Applicable Operating Agreement (and Gasco shall take all action as is necessary to resign as operator under such Applicable Operating Agreements), effective as of the date of such notice (or such later date as Wapiti shall specify in such notice), and Gasco shall use its commercially reasonable efforts to elect Wapiti or its designee as operator under such Applicable Operating Agreements. To the extent Gasco is given any special rights or is subject to as special obligations with respect to implementing and administering the Drilling Program under the terms of this Agreement and Gasco is removed as contract operator and operator pursuant to the terms of this Section 9.3(c), then Wapiti shall be given such special rights and assume such special obligations for the purpose of implementing and administering the Drilling Program in accordance with the terms of this Agreement. (ii) In addition to the other remedies available hereunder to Gasco, if Wapiti or any of its Affiliates is a Defaulting Party, from and after the 50th day after the Initial Default Date, then, and so long as Gasco or any of its Affiliates is not in Default and Wapiti or its applicable Affiliate is not disputing the applicable Default in good faith, Gasco may deliver to Wapiti a notice that it is electing to remove Wapiti as operator under any Applicable Operating Agreement (and Wapiti shall take all action as is necessary to resign as operator under such Applicable Operating Agreements), effective as of the date of such notice (or such later date as Gasco shall specify in such notice), and Wapiti shall use its commercially reasonable efforts to elect Gasco or its designee as operator under such Applicable Operating Agreements.
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Related to Removal of Operator and Contract Operator

  • Operator The Optionee shall be the operator for purposes of developing and executing exploration programs.

  • List of Operator’s Subprocessors [Box 26] [Box 27] [Box 28] [Box 29]

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.

  • Processing operations The personal data transferred will be subject to the following basic processing activities (please specify):

  • Rent Rolls; Operating Histories The Seller has obtained a rent roll (the “Certified Rent Roll(s)”) other than with respect to hospitality properties certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Seller has obtained operating histories (the “Certified Operating Histories”) with respect to each Mortgaged Property certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Certified Operating Histories collectively report on operations for a period equal to (a) at least a continuous three-year period or (b) in the event the Mortgaged Property was owned, operated or constructed by the Mortgagor or an affiliate for less than three years then for such shorter period of time, it being understood that for mortgaged properties acquired with the proceeds of a Mortgage Loan, Certified Operating Histories may not have been available.

  • STATEWIDE CONTRACT MANAGEMENT SYSTEM If the maximum amount payable to Contractor under this Contract is $100,000 or greater, either on the Effective Date or at any time thereafter, this section shall apply. Contractor agrees to be governed by and comply with the provisions of §§00-000-000, 00-000-000, 00-000-000, and 00- 000-000, C.R.S. regarding the monitoring of vendor performance and the reporting of contract information in the State’s contract management system (“Contract Management System” or “CMS”). Contractor’s performance shall be subject to evaluation and review in accordance with the terms and conditions of this Contract, Colorado statutes governing CMS, and State Fiscal Rules and State Controller policies.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Operator Services General Requirements

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

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