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.

Appears in 5 contracts

Samples: www.blm.gov, www.govinfo.gov, Agreement

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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.

Appears in 1 contract

Samples: Nevada Geothermal Power Inc

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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.

Appears in 1 contract

Samples: www.govinfo.gov

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