Common use of SUCCESSOR UNIT OPERATOR Clause in Contracts

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest in all unitized land shall, pursuant to the approval of the parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and (b) the selection shall have been approved by the AO and FIMO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the AO and FIMO and the Land Commissioner, at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest in all unitized land shall, pursuant to the approval of the parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and (b) the selection shall have been approved by the AO and FIMO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the AO and FIMO and the Land Commissioner, at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever Whatever the Unit Operator shall tender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator Opoator as negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest in all unitized land shalldial!, pursuant to the approval of the parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not nor become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit ofUnit Operator, and (b) the tlie selection shall have been approved by the AO and FIMO and approved by the Land Commissioner. Commissioner If no successor Unit Operator Opoator is selected and qualified as herein provided, the AO and FIMO and the Land Commissioner, Coinmissiono at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as is negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest interests in all unitized land shall, pursuant to the approval Approval of the parties Parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and (b) the selection shall have been approved by the AO and FIMO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the AO and FIMO and the Land Commissioner, Commissioner at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest in all unitized land shall, pursuant to the approval of the parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and (b) the selection shall have been approved by the AO and FIMO AO, F1MO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the AO and FIMO AO, F1MO and the Land Commissioner, at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender his liis or its resignation as Unit Uuit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as negotiated by the working interest owners, the owners of the die working interests according to their respective acreage interest in all unitized land shall, pursuant to the approval of the parties requirements of the unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit ofUnit Operator, andaud (b) the selection shall have been approved by the AO and FIMO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the die AO and FIMO and the Land Commissioner, at their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the Unit Operator shall tender lender his or its resignation as Unit Operator or shall be removed as hereinabove provided, or a change of Unit Operator as negotiated by the working interest owners, the owners of the working interests according to their respective acreage interest in all unitized land shall, pursuant to the approval of the parties requirements of the ofthe unit operating agreement, select a successor Unit Operator. Such selection shall not become effective until: (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and (b) the selection shall have been approved by the AO AO. FIMO, and FIMO and approved by the Land Commissioner. If no successor Unit Operator is selected and qualified as herein provided, the AO and AO, FIMO and the Land l-and Commissioner, at their election may declare this unit agreement terminated.