RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or terminate Unit Operators rights, as such, for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners and the authorized officer, nor until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officer, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period. 7.2 The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer. 7.3 The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, material, and appurtenances used in conducting the unit operations to the new duly qualified successor Unit Operator or, if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations hereunder. 7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. 7.5 The resignation or removal of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation or removal.
Appears in 5 contracts
Samples: Geothermal Resource Leasing and Unit Agreements, Royalty Agreement, Geothermal Resource Leasing and Unit Agreements
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator’s rights as such, such for a period of six (6) months after written notice of its intention to resign has been served given by Unit Operator on to all Working Interest Owners and the authorized officerSupervisor, nor and until all xxxxx then drilled hereunder Unit Xxxxx are placed in a condition satisfactory condition to the Supervisor for suspension suspension, abandonment, or abandonmentoperations, whichever is required intended by the authorized officerUnit Manager, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, shall be subject to removal by Working Interest Owners having in the same percentage vote aggregate eighty percent (80%) or more of the owners Phase II Unit Participation remaining after excluding the Phase II Unit Participation of Working Interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officerSupervisor.
7.3 In all such instances of effective resignation or removal, until a successor to Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for the performance of the duties of the Unit Operator and shall, not later than thirty (30) days before such resignation or removal becomes effective, appoint a Unit Manager to represent them in any action to be taken hereunder.
7.4 The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, title or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialbooks and records, materials, appurtenances and appurtenances any other assets, used in conducting connection with the unit Unit operations and owned by the Working Interest Owners to the new duly qualified successor Unit Operator or, or to the Unit Manager if no such new unit operator Unit Operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations Unit Operations hereunder.
7.4 In all instances . Nothing herein shall be construed as authorizing the removal of resignation any material, equipment or removal, until a successor appurtenances needed for the preservation of any xxxxx. Nothing herein contained shall be construed to relieve or discharge any Unit Operator who resigns or is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or removal of Unit Operator shall not release Unit Operator removed hereunder from any liability for any default or duties accruing or performable by it hereunder occurring prior to the effective date of its such resignation or removal.
Appears in 2 contracts
Samples: Unit Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.)
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time pritr to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from ftren the duties and obligations of Unit Operator or terminate and laminate Unit Operators rights, Opoatoris rights as such, such for a period of six (6) months mouths after notice of its intention to resign has been beat served by Unit Operator Opaator on all Working Interest Owners working interest owners and the authorized officerAO, nor and the Land Commissioner and the Division, and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonmentabandonmatt, whichever is required by the authorized officerAO as to Federal and Indian trust lands, and the Division as to State lands unless a new Unit Operator Opaator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said ofsaid period.
7.2 The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxxhave the right to resign io like manna and subject to like limitations as above provided at anytime after a producing unit area established hoeunder is in existence, equipment, material, and appurtenances used but in conducting the unit operations to the new duly qualified successor Unit Operator or, if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations hereunder.
7.4 In all instances of resignation or removalronoval, until a successor Unit Operator Opaator is selected and approved as . hereinafter provided, the Working Interest Owners shall working interest owners shalt be jointly responsible for performance poforraaace of the duties and obligations of Unit Operator, and shall not later Dot lata than 30 thirty (30) days before such resignation or removal becomes effective appoint a common agent cotnmoo agojt to represent them than in any action to be taken betaken hereunder.
7.5 . The resignation or removal of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date xxxx of its resignation.
1 . v „ The resignation or removalremoval of Unit Opaator trader this agreement shad not terminate its right, title, or interest as the owner of a working interest or cither intost in unitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Opaator dull deliver possession of all xxxxx, equipment,'materials, and appurtenances used io conducting the unit operations to the newly qualified successor Unit Opaator or to the crenman agent, ifno such hew Unit Operator is selected, elected, to be used for the purpose of conducting unit operations heromda. Nothing herein shall be construed as authorizing remora! ofany material, equipment, or appurimances needed for the preservation ofanywells.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officerAO, nor and the Land Commissioner and the Division, and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal and Indian trust lands, and the Division as to State lands unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a producing unit area established hereunder is in existence, but in all instances ofresignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. 1316 resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to thereofto the authorized officer.
7.3 AO and the Land Commissioner. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the es- tablishment of a participating area or areas hereunder, but such resignation shall not become be- come effective so as to release Unit Operator from the duties and obligations of Unit Operator or Oper- ator and terminate Unit Operators rights, Operator’s rights as such, such for a period of six (6) 6 months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officer, nor AO and until all xxxxx then drilled hereunder here- under are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO, unless a new Unit Operator Oper- ator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to re- sign in like manner and subject to like limi- tations as above provided at any time after a participating area established hereunder is in existence, but in all instances of resigna- tion or removal, until a successor Unit Oper- ator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than 30 days before such resignation or re- moval becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations ob- ligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal re- moval shall be effective upon notice thereof to the authorized officer.
7.3 AO. The resignation or removal of Unit Operator Oper- ator under this Agreement agreement shall not terminate termi- nate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunit- ized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances ap- purtenances used in conducting the unit operations op- erations to the new duly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, selected to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officerAO, nor FIMO, and the Land Commissioner and the Division, and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal and Indian trust lands, and the Division as to State lands unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a producing unit area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 AO and the Land Commissioner. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) months after written notice of its intention to resign has been served given by Unit Operator on to all Working Interest Owners Owners, the Land Commissioner and the authorized officer, nor until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officer, A.O. unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . The Unit Operator mayshall, upon default or failure in the performance of its duties or and obligations hereunder, be subject to removal by Working Interest Owners having in the same percentage vote aggregate eighty percent (80%) or more of the owners Unit Participation then in effect exclusive of the Working Interests as herein provided for Interest Owner who is the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 Land Commissioner and the A.O. In all such instances of effective resignation or removal, until a successor to Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for the performance of the duties of the Unit Operator and shall, not later than thirty (30) days before such resignation or removal becomes effective, appoint a Unit Manager to represent them in any action to be taken hereunder. The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, title or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialbooks and records, materials, appurtenances and appurtenances any other assets used in conducting connection with the unit operations Unit Operations to the new duly qualified successor Unit Operator or, or to the Unit Manager if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners elected. Nothing herein shall be jointly responsible for performance of construed as authorizing the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or removal of any material, equipment or appurtenances needed for the preservation of any xxxxx. Nothing herein contained shall be construed to relieve or discharge any Unit Operator shall not release or Unit Operator Manager who resigns or is removed hereunder from any liability for any default or duties accruing or performable by it hereunder occurring prior to the effective date of its such resignation or removal.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment ofunitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or terminate and terminal Unit Operators rights, Operator's rights as such, such for a period of six ofsix (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officer, nor AO. and until all ail xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officer, AO as to Federal and Indian trust lands and unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a producing unit area established hereunder is in existence, but in all instances ofresignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall bejointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. Tne resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective xxxx ofits resignation. The Unit Operator may, . upon default or failure in the performance of its duties or obligations hereunder, be subject to xxxxxxxxx.xx subjeetto removal by the same percentage vote of the owners of Working Interests ofworking interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to thereofto the authorized officer.
7.3 AO. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Uuit Operator shall have the right to resign. Such resign at any time prior to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six s l x (6) months after notice of its intention ofintention to resign has been served by Unit Operator on all Working Interest Owners working inteiest owners and (he AO, the authorized officerLand Commissioner and tlte Division, nor and until all xxxxx then (xxx drilled hereunder beretuider are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal lands, and (he Division as to State lands unless a ft new Unit Operator shall have been selected and approved and arid shall have taken over and assumed the duties and obligations of Unit ofUnit Operator prior to the expiration of said period.
7.2 The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests as herein provided for the selection of a new Unit Operatorofsaid poiod. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxxhave the right to resign in like mannerand subject to like limitations as above provided at any time after a producing unit area establislted hereunder is in existence, equipment, material, and appurtenances used but in conducting the unit operations to the new duly qualified successor Unit Operator or, if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners wotking interest owners shall be jointly joiutly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 tliiny (30) days before such sucb resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The takeu hereundo-. Tlte resignation or removal of Unit Operator shall not uot release Unit Operator from any liability for any default by it hereunder occurring occuning prior to the effective date ofits resignation. Tlie Unit Operator may, upon default or failure in the perfonnnnce of its duties or obligations hereunder, be subject to removal by (lie same percentage vote of the owners of wotking interests as herein provided for tlie selection of a new Uuit Opoator. Such removal sliall be effective upon notice thereofto die AO and die Land Commissioner. The resignation or removalremoval of Unit Operator under this agreement shall not terminate its right, title, or interest as the owner of a wotking interest or other interest in unitized substances, but upon the resignation or removal of Uuit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materials, and appurtenances used in conducting die unit operations to the newly qualified successor Unit Operator or to the common ageut, if no such new Unit Operator is selected, elected, to be used for the purpose of conducting unit operations hereunder. Nothing herein shall be construed as authorizing removal ofany material, equipment, or appurtenances needed for tire preservation ofany xxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of a participating area or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officerAO and the Land Commissioner and the Division, nor and until all ail xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal and Indian trust lands and the Division as to State and fee lands, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a participating area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to thereofto the authorized officer.
7.3 AO and the Land Commissioner. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other odicr interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability for material, equipment, or appurtenances needed lor the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) months after written notice of its intention to resign has been served given by Unit Operator on to all Working Interest Owners and the authorized officer, nor until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officer, Commissioner and Division unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . The Unit Operator mayshall, upon default or failure in the performance of its duties or and obligations hereunder, be subject to removal only by the same percentage unanimous vote of the owners of all Working Interests as herein provided for the selection of a new Interest Owners other than Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 Commissioner and Division. In all such instances of resignation or removal, until a successor to Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for the performance of the duties of the Unit Operator and shall, not later than thirty (30) days before such resignation or removal becomes effective, appoint a Unit Manager to represent them in any action to be taken hereunder. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, title or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialbooks and records, materials, appurtenances and appurtenances other assets used in conducting the unit Unit operations and owned by the Working Interest Owners (including any and all data and information which it might have gained or assembled by reason of its operation of the Unit Area) to the new duly qualified successor Unit Operator or, or to the Unit Manager if no such new unit operator Unit Operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations Unit Operations hereunder.
7.4 In all instances . Nothing herein shall be construed as authorizing removal of resignation any material, equipment or removal, until a successor appurtenances needed for the preservation of any xxxxx. Nothing herein contained shall be construed to relieve or discharge any Unit Operator who resigns or is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or removal of Unit Operator shall not release Unit Operator removed hereunder from any liability for any default or duties accruing to or performable by it hereunder occurring prior to the effective date of its such resignation or removal.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, for a such fora period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officerAO, nor and the Land Commissioner and the Division, and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal and Indian trust lands, and the Division as to State lands unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a producing unit area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to thereofto the authorized officer.
7.3 AO and the Land Commissioner. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible construed as authorizing removal ofany material, equipment, or appurtenances needed for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunderpreservation ofany xxxxx.
7.5 The resignation or removal of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation or removal.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of unitized production or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator’s rights as such, such for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officerAO and the Land Commissioner and the Division, nor and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO as to Federal lands and the Division as to State and fee lands, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a producing unit area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 AO and the Land Commissioner. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly newly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is selected, elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Prior to the establishment of a Participating Area, hereunder, Unit Operator shall have the right to resign. Such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or terminate Unit Operators rights, as such, for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners and the authorized officer, nor until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, abandonment whichever is required by the authorized officer, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 After the establishment of a Participating Area hereunder Unit Operator shall have the right to resign in the manner and subject to the limitations provided in 7.1 above.
7.3 The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 7.4 The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, or interest as the owner of a Working Interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, material, and appurtenances used in conducting the unit operations to the new duly qualified successor Unit Operator or, if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, hereunder to be used for the purpose of conducting operations hereunder.
7.4 7.5 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 7.6 The resignation or removal of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation or removalresignation.
Appears in 1 contract
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the liave (he right to resign. Such resignation resign at any dine prior to Ihe establishment of uuitized production or areas hereunder, but such lesignation shall not become effective so as to release Unit Operator from the die duties and obligations of Unit Operator or terminate and temiinate Unit Operators rights, Operator's rights as such, such for a period of six ofsix (6) months after niter notice of its intention iutention to resign has lias been served by Unit Operator on all Working Interest Owners working interest ownennnd the AO. and the authorized officer, nor until all xxxxx then drilled hereunder are placed in a satisfactory iu n satisfnctoiy condition for suspension or abandonment, whichever is required by the authorized officer, die AO ns to Federal aud Indian trust lands and unless a new Unit Operator shall sliall have been selected and approved and shall have taken over and assumed the duties and mid obligations of Unit Operator prior to the expiration of said period.
7.2 The . Unit Operator may, upon default or failure in sliall liave the performance of its duties or obligations hereunder, be right to resign iu like maimer and subject to removal by the same percentage vote of the owners of Working Interests like limitations as herein above provided for the selection of at any time after a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 The resignation or removal of Unit Operator under this Agreement shall not terminate its right, title, or interest as the owner of a Working Interest or other interest producing unit area established hereunder is in Unitized Substancesexisteuce, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, material, and appurtenances used in conducting the unit operations to the new duly qualified successor Unit Operator or, if no such new unit operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, to be used for the purpose of conducting operations hereunder.
7.4 In all instances of resignation ofresignation or removal, until a successor Unit Operator is selected and mid approved as hereinafter provided, the Working Interest Owners woikiug interest owners shall be jointly responsible for performance forperfomiance of the duties and obligations of Unit Operator, and aud shall not later than 30 thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 . The resignation or removal of Unit Operator shall not release Unit Operator from any liability for fix any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance ofits duties or obligations hereunder, be subject to removal by the saute percentage vote of the owners of working interests as hereiu provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereofto the AO. The resignation or removalremoval of Unit Operator under this agreement sliall uot terminate its right, title, or interest as the owner- of a woiking interest or other interest in unitized substances, but upon tire resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materials, and appurtenances used in conducting the unit operations to tire newly qualified successor Unit Operator or to the common agent, if no such new Unit Operator is selected, elected, to be used for the purpose of conducting unit operations hereunder. Notlriug herein shall be construed as authorizing removal of any material, equipment, or appurtenances needed for the preservation ofmiy xxxxx.
Appears in 1 contract
Samples: Unit Agreement
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of a participating area or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator's rights as such, such for a period of six (6) 6 months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officer, nor AO and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a participating area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 AO. The resignation or removal of Unit Operator under this Agreement agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substancesunitized substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunder, selected to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Onshore Oil and Gas Unit Agreements
RESIGNATION OR REMOVAL OF UNIT OPERATOR. 7.1 The Unit Operator shall have the right to resign. Such resign at any time prior to the establishment of a participating area or areas hereunder, but such resignation shall not become effective so as to release Unit Operator from the duties and obligations of Unit Operator or and terminate Unit Operators rights, Operator’s rights as such, such for a period of six (6) months after notice of its intention to resign has been served by Unit Operator on all Working Interest Owners working interest owners and the authorized officer, nor AO and until all xxxxx then drilled hereunder are placed in a satisfactory condition for suspension or abandonment, whichever is required by the authorized officerAO, unless a new Unit Operator shall have been selected and approved and shall have taken over and assumed the duties and obligations of Unit Operator prior to the expiration of said period.
7.2 . Unit Operator shall have the right to resign in like manner and subject to like limitations as above provided at any time after a participating area established hereunder is in existence, but in all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the working interest owners shall be jointly responsible for performance of the duties of Unit Operator, and shall not later than thirty (30) days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder. The resignation of Unit Operator shall not release Unit Operator from any liability for any default by it hereunder occurring prior to the effective date of its resignation. The Unit Operator may, upon default or failure in the performance of its duties or obligations hereunder, be subject to removal by the same percentage vote of the owners of Working Interests working interests as herein provided for the selection of a new Unit Operator. Such removal shall be effective upon notice thereof to the authorized officer.
7.3 AO. The resignation or removal of Unit Operator under this Unit Agreement shall not terminate its right, title, or interest as the owner of a Working Interest working interest or other interest in Unitized Substances, but upon the resignation or removal of Unit Operator becoming effective, such Unit Operator shall deliver possession of all xxxxx, equipment, materialmaterials, and appurtenances used in conducting the unit operations to the new duly qualified successor Unit Operator oror to the common agent, if no such new unit operator Unit Operator is elected, to the common agent appointed to represent the Working Interest Owners in any action taken hereunderselected, to be used for the purpose of conducting unit operations hereunder.
7.4 In all instances of resignation or removal, until a successor Unit Operator is selected and approved as hereinafter provided, the Working Interest Owners . Nothing herein shall be jointly responsible for performance of the duties and obligations of Unit Operator, and shall not later than 30 days before such resignation or removal becomes effective appoint a common agent to represent them in any action to be taken hereunder.
7.5 The resignation or construed as authorizing removal of Unit Operator shall not release Unit Operator from any liability material, equipment, or appurtenances needed for the preservation of any default by it hereunder occurring prior to the effective date of its resignation or removalxxxxx.
Appears in 1 contract
Samples: Coalbed Natural Gas (Cbng) Unit Agreement (Warren Resources Inc)