Common use of Resignation of Operator Clause in Contracts

Resignation of Operator. Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 13 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Purchase and Sale Agreement (Hyperdynamics Corp)

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Resignation of Operator. Subject to Article Clause 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation. The effective date of such resignation shall be the earlier of the expiration of one hundred and twenty (120) Days or upon such earlier date upon which a successor Operator designated by the Parties is capable of assuming the obligations of the Operator in accordance with all provisions of this Agreement.

Appears in 3 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

Resignation of Operator. Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to before the effective date of such resignation.

Appears in 2 contracts

Samples: Joint Operating Agreement (Discovery Energy Corp.), Joint Operating Agreement (Duma Energy Corp)

Resignation of Operator. Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation. Operator shall continue to act as such until a successor has taken over.

Appears in 2 contracts

Samples: Joint Operating Agreement (Drucker Industries Inc), International Joint Operating Agreement (Transatlantic Petroleum Corp)

Resignation of Operator. Subject to Article Section 4.11, Operator may resign -------------------------- as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 2 contracts

Samples: Assignment of State Participating Interest (Triton Energy LTD), Assignment of State Participating Interest (Triton Energy LTD)

Resignation of Operator. Subject to Article 4.114.12, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)

Resignation of Operator. Subject to Article 4.114.11 and any necessary approval by the Minister, The Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 1 contract

Samples: Joint Operating Agreement

Resignation of Operator. Subject to Article 4.114.10, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to before the effective date of such resignation.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

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Resignation of Operator. Subject to Article 4.114.11 and any necessary approval by the Minister, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 1 contract

Samples: Joint Operating Agreement

Resignation of Operator. Subject to Article clause 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) 120 Days prior to before the effective date of such resignation.

Appears in 1 contract

Samples: Joint Operating Agreement (Tamboran Resources Corp)

Resignation of Operator. Subject to Article clause 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 1 contract

Samples: Farmout Agreement (Hyperdynamics Corp)

Resignation of Operator. Subject to Article 4.115.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

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