Common use of Resignation and Replacement Clause in Contracts

Resignation and Replacement. The Operator may resign as Operator upon notifying the non-Operator in writing of its resignation at any time after a Program has been approved by the Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The Operator shall be deemed to have resigned if:

Resignation and Replacement. The Operator may resign as Operator upon notifying the non-Operator in writing of its resignation at any time after a Program has been approved by the Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The Management Committee shall have the right to appoint a new Operator shall be deemed to have resigned if:

Resignation and Replacement. The Operator may resign as Operator upon notifying the non-non- Operator in writing of its resignation at any time after a Program has been approved by the Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The Operator shall be deemed to have resigned if:

Resignation and Replacement. (1) The Operator may resign as Operator upon notifying the non-Operator operating Participant (“non- Operator”) in writing of its resignation at any time after a Program has been approved by the JV Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The non-Operator shall be deemed have the right to have resigned ifelect to become the new Operator at any time after: