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Common use of Removal of Operator Clause in Contracts

Removal of Operator. The Operator may be removed and a new Operator may be substituted at any time on 60 days advance written notice to the outgoing Operator by the Managing General Partner acting on behalf of the Partnership on the affirmative vote of Participants whose Units equal a majority of the total Units. The Operator shall not be removed until a substituted Operator has been selected by an affirmative vote of Participants whose Units equal a majority of the total Units and installed as such.

Appears in 18 contracts

Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Limited Partnership Agreement (DGOC Series 18C LP), Limited Partnership Agreement (DGOC Series 18B LP)

Removal of Operator. The Operator may be removed and a new Operator may be substituted at any time on upon 60 days advance written notice to the outgoing Operator by the Managing General Partner acting on behalf of the Partnership on upon the affirmative vote of Participants whose Units Agreed Subscriptions equal a majority of the total UnitsPartnership Subscription. The Operator shall not be removed until a substituted Operator has been selected by an affirmative vote of Participants whose Units Agreed Subscriptions equal a majority of the total Units Partnership Subscription and installed as such.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Atlas Energy for Nineties Public No 8 LTD), Limited Partnership Agreement (Atlas Energy for the Nineties Public No 5 LTD)