Common use of Resignation of Operator Clause in Contracts

Resignation of Operator. Operator may resign at any time by giving written notice thereof to the Parties. Operator shall resign if it divests itself of all its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of ninety (90) days from the date of said notice, unless a successor Operator has theretofore assumed the duties of Operator hereunder.

Resignation of Operator. Operator may resign from its duties and obligations as Operator at any time by giving upon written notice thereof of not less than 60 days given to all other parties. In this case, all parties to this contract shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for Operator by this Agreement. The retiring Operator shall deliver to its successor all records and information necessary to the Parties. discharge by the new Operator shall resign if it divests itself of all its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of ninety (90) days from the date of said notice, unless a successor Operator has theretofore assumed the duties of Operator hereunderand obligations.

Resignation of Operator. Operator may resign from its duties and obligations as Operator at any time by giving upon written notice thereof to the Parties. Operator shall resign if it divests itself of all its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of less than ninety (90) days from given to all other parties to this Agreement. In this case, all parties to this Agreement shall select by majority vote in interest, not in numbers, a new Operator who shall assume the date responsibilities and duties, and have the rights, prescribed by Operator by this Agreement. The retiring Operator shall deliver to its successor all records and information necessary to the discharge by the new Operator of said notice, unless a successor Operator has theretofore assumed the its duties of Operator hereunderand obligations.

Resignation of Operator. At any time after July 31, 2007, Operator may resign as Operator at any time by giving upon sixty (60) days prior written notice thereof to the PartiesJoint Venture. In the event of its resignation, Operator shall resign if have no further responsibility or authority pursuant to this Agreement, except that related to the transfer of responsibility to any successor Operator. Subject to Section 6.1 of this Agreement, Operator shall be reimbursed by the Joint Venture for all expenses it divests itself of all may have reasonably incurred in fulfilling its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of ninety (90) days from the date of said notice, unless a successor Operator has theretofore assumed the duties of Operator hereunderresponsibilities under this Agreement prior to its resignation.

Resignation of Operator. The Operator may resign at the end of any time month by giving sixty (60) days prior written notice thereof to the PartiesParticipants. Each successor Operator shall resign if it divests itself be bound by the terms and conditions of all its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of ninety (90) days from the date of said noticethis Agreement, unless a successor Operator has theretofore assumed the duties of Operator hereunderincluding any amendments to or modifications thereof.