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

RESIGNATION OR REMOVAL OF UNIT OPERATOR. 5.1 The Unit Operator shall have the right to resign at any time. Such resignation shall not become effective until 60 days after written notice of an intention to resign has been delivered by the Unit Operator to the working-interest owners and the Regional Supervisor and until all platforms, artificial islands, installations, and other devices, including xxxxx used for conducting operations in the unit area, are placed in a condition satisfactory to the Regional Supervisor for the transfer of operations, or, if no successor Unit Operator has been designated, for suspension or abandonment of operations. If a successor Unit Operator is designated and approved as provided in Article VI, the resignation shall be effective upon the designation and approval of the successor Unit Operator.

RESIGNATION OR REMOVAL OF UNIT OPERATOR. 5.1 The Unit Operator shall have the right to resign at any time. Such resignation shall not become effective until 60 days after written notice of an intention to resign has been delivered by the Unit Operator to the working-interest owners and the Regional Supervisor and until all platforms, artificial islands, installations, and other devices, including xxxxx used for conducting operations in the unit area, area are placed in a condition satisfactory to the Regional Supervisor for the transfer of operations, or, if no successor Unit Operator has been designated, for suspension or abandonment of operations. If a successor Unit Operator is designated and approved as provided in Article VI, the resignation shall be effective upon the designation and approval of the successor Unit Operator.

RESIGNATION OR REMOVAL OF UNIT OPERATOR. 5.1 The Unit Operator shall have the right to resign at any time. Such The Unit Operator's resignation shall not become effective until 60 until: 1) sixty days after have passed since the Unit Operator delivers a written notice of an intention to resign has been delivered by the Unit Operator to the working-interest owners Working Interest Owners and the Regional Supervisor Commissioner; and until 2) all platforms, artificial islands, installations, installations and other devices, including xxxxx xxxxx, used for conducting operations in the unit area, Unit Area are placed in a condition satisfactory to the Regional Supervisor for the transfer of operations, or, if no successor Unit Operator has been designated, Commissioner for suspension or abandonment of operations. If However, if a successor Unit Operator is designated and approved as provided in under Article VI6, the resignation shall be is effective upon when approved by the designation and approval of the successor Unit OperatorCommissioner.