RIGHTS AND OBLIGATIONS OF UNIT OPERATOR. 10.1 The right, privilege, and duty of exercising any and all rights of the parties hereto that are necessary or convenient for exploring, producing, distributing, or utilizing Unitized Substances are hereby delegated to and shall be exercised by the Unit Operator as provided in this Agreement in accordance with a Plan of Development approved by the authorized officer. 10.2 Upon request by Unit Operator, acceptable evidence of title to geothermal resources interests in the Unitized Land shall be deposited with the Unit Operator and together with this Agreement shall constitute and define the rights, privileges, and obligations of Unit Operator. 10.3 Nothing in this Agreement shall be construed to transfer title to any land or to any lease or operating agreement, it being understood that the Unit Operator, in its capacity as Unit Operator, shall exercise the rights of possession and use vested in the parties hereto only for the purposes specified in this Agreement. 10.4 The Unit Operator shall take such measures as the authorized officer deems appropriate and adequate to prevent drainage of Unitized Substances from Unitized Land by xxxxx on land not subject to this Agreement. 10.5 The authorized officer is hereby vested with authority to alter or modify, from time to time, in the authorized officer’s discretion, the rate of prospecting and development and the quantity and rate of production under this Agreement.
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Samples: Geothermal Resource Leasing and Unit Agreements, Geothermal Resource Leasing and Unit Agreements, Geothermal Resource Leasing and Unit Agreements
RIGHTS AND OBLIGATIONS OF UNIT OPERATOR. 10.1 The right, privilege, and duty of exercising any and all rights of the parties hereto that are necessary or convenient for exploring, producing, distributing, or utilizing Unitized Substances are hereby delegated to and shall be exercised by the Unit Operator as provided in this Agreement in accordance with a Plan of Development approved by the authorized officer.
10.2 Upon request by Unit Operator, acceptable evidence of title to geothermal resources interests in the Unitized Land shall be deposited with the Unit Operator and together with this Agreement shall constitute and define the rights, privileges, and obligations of Unit Operator.
10.3 Nothing in this Agreement shall be construed to transfer title to any land or to any lease or operating agreement, it being understood that the Unit Operator, in its capacity as Unit Operator, shall exercise the rights of possession and use vested in the parties hereto only for the purposes specified in this Agreement.
10.4 The Unit Operator shall take such measures as the authorized officer deems appropriate and adequate to prevent drainage of Unitized Substances from Unitized Land by xxxxx on land not subject to this Agreement.
10.5 The authorized officer is hereby vested with authority to alter or modify, from time to time, in the authorized officer’s his discretion, the rate of prospecting and development and the quantity and rate of production under this Agreement.
Appears in 1 contract
Samples: Royalty Agreement
RIGHTS AND OBLIGATIONS OF UNIT OPERATOR. 10.1 The right, privilege, and duty of exercising any and all rights of the parties hereto that which are necessary or convenient for exploringprospecting, producing, distributing, distributing or utilizing Unitized Substances are hereby delegated to and shall be exercised by the Unit Operator as provided in this Agreement in accordance with a Plan of Development Operation approved by the authorized officer.
10.2 Upon request by Unit Operator, acceptable evidence of title to geothermal resources interests in the Unitized Land shall be deposited with the Unit Operator Operator, and together with this Agreement shall constitute and define the rights, privileges, and obligations of Unit Operator.
10.3 Nothing in this Agreement shall be construed to transfer title to any land or to any lease or operating agreement, it being understood that the Unit Operator, in its capacity as Unit Operator, Operator shall exercise the rights of possession and use vested in the parties hereto only for the purposes specified in this Agreement.
10.4 The Unit Operator shall take such measures as the authorized officer deems appropriate and adequate to prevent drainage of Unitized Substances from Unitized Land by xxxxx on land not subject to this Agreement.
10.5 The authorized officer Director is hereby vested with authority to alter or modify, modify from time to time, in the authorized officer’s his discretion, the rate of prospecting and development and the quantity and rate of production under this Agreement.
Appears in 1 contract