Common use of RESIGNATION OR REMOVAL OF UNIT OPERATOR Clause in Contracts

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.

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.

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.