Common use of SUCCESSOR UNIT OPERATOR Clause in Contracts

SUCCESSOR UNIT OPERATOR. 8.1 If, prior to the establishment of a Participating Area hereunder, the Unit Operator shall resign as Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by vote of the more than one-half of the owners of the Working Interests in Unitized Substances, based on their respective shares, on an acreage basis, in the Unitized Land. 8.2 If, after the establishment of a Participating Area hereunder, the Unit Operator shall resign as Unit Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by a vote of more than one-half of the owners of the Working Interests in Unitized Substances, based on their respective shares, on a participating acreage basis; provided that, if a majority but less than 60 percent of the Working Interest in the Participating Lands is owned by a party to this agreement, a concurring vote of one or more additional Working Interest Owners owning 10 percent or more of the Working Interest in the participating land shall be required to select a new Unit Operator. 8.3 The selection of a successor Unit Operator shall not become effective until: (a) The Unit Operator so selected shall accept in writing the duties, obligations, and responsibilities of the Unit Operator; and (b) The selection shall have been approved by the authorized officer. 8.4 If no successor Unit Operator is selected and qualified as herein provided, the authorized officer at his or her election may declare this Agreement terminated.

SUCCESSOR UNIT OPERATOR. 8.1 If, prior to the establishment of a Participating Area hereunder, Whenever the Unit Operator shall resign tender its resignation as Operator, Unit Operator or shall be removed as provided in Article VIIhereinabove provided, the Working Interest Owners shall select a successor Unit Operator may be selected by vote of the more than one-half of the owners of the Working Interests in Unitized Substances, based on their respective shares, on an acreage basis, in the Unitized Land. 8.2 If, after the establishment of a Participating Area hereunder, the Unit Operator shall resign as Unit Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by a vote of more than one-half of the owners of the Working Interests in Unitized Substances, based on their respective shares, on a participating acreage basis; provided that, if a majority but less than 60 percent of the Working Interest in the Participating Lands is owned by a party to this agreement, a concurring vote of one or more additional Working Interest Owners owning 10 percent or more of the Working Interest in the participating land shall be required to select a new Unit Operator. 8.3 The herein provided. Such selection of a successor Unit Operator shall not become effective until: until (a) The a Unit Operator so selected shall accept in writing the duties, obligations, duties and responsibilities of the Unit Operator; and , and (b) The the selection shall have been approved by the authorized officer. 8.4 Supervisor. If no successor Unit Operator is selected and qualified as herein provided, the authorized officer at his or her election Director may declare this Agreement agreement terminated. 8.2 In selecting a successor Unit Operator the affirmative vote of three or more Working Interest Owners having a total of sixty-five percent (65%) or more of the total voting interest in the Unit shall prevail; provided, that if any one Working Interest Owner has a voting interest of more than thirty-five percent (35%), its negative vote or failure to vote shall not be regarded as sufficient unless supported by the vote of one or more other Working Interest Owners having a total voting interest of at least five percent (5%). If the Unit Operator who is removed votes only to succeed itself or fails to vote, the successor Unit Operator may be selected by the affirmative vote of at least fifty-one percent (51%) of the voting interest remaining after excluding the voting interest of Unit Operator so removed. In voting under this Section 8 each Working Interest Owner shall have a voting interest equal to its Phase II Participation.

SUCCESSOR UNIT OPERATOR. 8.1 If, prior to the establishment of a Participating Par- ticipating Area hereunder, the Unit Operator shall resign as Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by vote of the more than one-half own- ers of the owners a majority of the Working Interests in Unitized Substances, based on their respective respec- tive shares, on an acreage basis, in the Unitized Unit- ized Land. 8.2 If, after the establishment of a Participating Par- ticipating Area hereunder, the Unit Operator shall resign as Unit Operator, or shall be removed re- moved as provided in Article VII, a successor Unit Operator may be selected by a vote of more than one-half of the owners of a majority of the Working Interests Inter- ests in Unitized Substances, based on their respective shares, on a participating acreage basis; provided . Provided, that, if a majority but less than 60 percent of the Working Interest in the Participating Lands is owned by a the party to this agreement, a concurring vote of one or more additional Working Interest Owners owning 10 percent or more of the Working Interest in the participating land shall be required to select a new Unit OperatorOper- ator. 8.3 The selection of a successor Unit Operator Oper- ator shall not become effective until: (a) The Unit Operator so selected shall accept ac- cept in writing the duties, obligations, obligations and responsibilities of the Unit Operator; , and (b) The selection shall have been approved by the authorized officer. 8.4 If no successor Unit Operator is selected se- lected and qualified as herein provided, the authorized officer Director at his or her election may declare this Agreement terminated.

SUCCESSOR UNIT OPERATOR. 8.1 If, prior to the establishment of a Participating Area hereunder, the Unit Operator shall resign as Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by vote of the more than one-half owners of the owners a majority of the Working Interests in Unitized Substances, based on their respective shares, on an acreage basis, in the Unitized Land. 8.2 If, after the establishment of a Participating Area hereunder, the Unit Operator shall resign as Unit Operator, or shall be removed as provided in Article VII, a successor Unit Operator may be selected by a vote of more than one-half of the owners of a majority of the Working Interests in Unitized Substances, based on their respective shares, on a participating acreage basis; provided . Provided, that, if a majority but less than 60 percent of the Working Interest in the Participating Lands is owned by a the party to this agreement, a concurring vote of one or more additional Working Interest Owners owning 10 percent or more of the Working Interest in the participating land shall be required to select a new Unit Operator. 8.3 The selection of a successor Unit Operator shall all not become effective until: (a) The Unit Operator so selected shall accept in writing the duties, obligations, obligations and responsibilities of the Unit Operator; , and (b) The selection shall have been approved by the authorized officer. 8.4 If no successor Unit Operator is selected and qualified as herein provided, the authorized officer Director at his or her election may declare this Agreement terminated.