Common use of Successor Operator Clause in Contracts

Successor Operator. Buyer acknowledges and agrees that Seller cannot and does not covenant or warrant that Buyer shall become successor operator of the Assets or portions thereof which Seller may presently operate, since same may be subject to unit, pooling, communitization or operating agreements or other agreements which control the appointment of a successor operator. Seller agrees, however, that, where it will, in the opinion of Seller, facilitate the appointment of a successor operator, and Seller will, in a prudent manner, resign as operator of the Assets it operates before or after Closing and will support Buyer’s efforts to succeed as successor operator.

Successor Operator. Buyer acknowledges and agrees that Seller cannot and does not covenant or warrant that Buyer shall become successor operator of the Assets or portions thereof which Seller may presently operate, since same may be subject to unit, pooling, communitization or operating agreements or other agreements which control the appointment of a successor operator. Seller Xxxxxx agrees, however, that, where it will, in the opinion of SellerXxxxxx, facilitate the appointment of a successor operator, and Seller Xxxxxx will, in a prudent manner, resign as operator of the Assets it operates before or after Closing and will support BuyerXxxxx’s efforts to succeed as successor operator.

Successor Operator. Buyer acknowledges and agrees that Seller cannot and does not covenant or warrant that Buyer shall become successor operator of the Assets or portions thereof which that Seller may presently operate, since same may be subject to unit, pooling, communitization or operating agreements or other agreements which that control the appointment of a successor operator. Seller agrees, however, that, where that it will, in the opinion of Seller, will use commercially reasonable efforts to facilitate the appointment of Buyer or its designee as a successor operatoroperator of the Assets, effective as of the Closing, and Seller it will, in a prudent manner, resign as operator of the Assets it operates before or after Closing and will support Buyer’s efforts to succeed be effective as successor operatorof the Closing.