Common use of SUCCESSOR UNIT OPERATOR Clause in Contracts

SUCCESSOR UNIT OPERATOR. Whenever the unit operator shall resign as unit operator or shall be removed as hereinabove provided, the owners of the working interests according to their respective acreage interests in all unitized land shall by a majority vote select a successor unit operator; provided that, ifa majority but less than seventy-five percent (75%) of the working interests qualified to vote is owned by one party to this agreement, a concurring vote of sufficient additional parties, so as to constitute in the aggregate not less than seventy-five percent (75%) of the total working interests, shall be required to select a new 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 Commissioner, (f no successor unit operator is selected and qualified as herein provided, the Commissioner at his election, with notice to the Division, may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the unit operator shall shatl resign as unit operator or shall be removed as hereinabove provided, the (he owners of the ofthe working interests according to their respective acreage interests in all unitized land shall by a majority vote select a successor unit operator; provided that, ifa majority but less than seventy-five percent (75%) of the ofthe working interests qualified interestsqualified to vote is owned . by one party oneparty to this agreement, a concurring vote of sufficient ofsufficient additional parties, so as to constitute in the aggregate not less than seventy-five percent (75%) of the ofthe total working interests, shall be required to select a new operator. Such selection shall not become effective until (a) a unit operator operaior so selected shall accept in writing the duties and responsibilities of unit ofunit operator, and (b) the selection shall have been approved by the Commissioner, (f no . Ifno successor unit operator is selected and qualified as herein provided, the Commissioner at his election, with notice to the Division, may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the unit operator shall resign as unit operator or shall be removed as hereinabove provided, the owners of the ofthe working interests according to their respective acreage interests in all alt unitized land shall by a majority vote select a successor unit operator; provided that, ifa majority but less than seventy-five percent (75%) of the ofthe working interests qualified to vote is owned by one party to this agreement, a concurring vote of sufficient additional parties, so as to constitute in the aggregate not less than seventy-five percent (75%75*/*) of the ofthe total working interests, shall be required to select a new 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, and (b) the selection shall have been approved by the Commissioner, (f . If no successor unit operator is selected and qualified as herein provided, the Commissioner at his election, with notice to the Division, may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the unit operator shall resign as unit operator or shall be removed as hereinabove provided, the owners of the ofthe working interests according to their respective acreage interests in all unitized land shall by a majority vote select a successor unit operator; , provided that, ifa majority but less than seventy-five percent (75%) of the ofthe working interests qualified to vote is owned by one party to this agreement, a concurring vote of sufficient ofsufficient additional parties, so as to constitute in the aggregate not less than seventy-five percent (75%) of the ofthe total working interests, shall be required to select a new 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 Commissioner. If no successor, (f no successor unit operator is selected and qualified as herein provided, the Commissioner at his election, with notice to the Division, may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. Whenever the unit operator shall resign as unit operator or shall be removed as hereinabove provided, the owners of the working interests according to their respective acreage interests in all unitized land shall by a majority vote select a successor unit operator; provided that, ifa if a majority but less than seventy-five percent (75%) of the working interests qualified to vote is owned by one party to this agreement, a concurring vote of sufficient additional parties, so as to constitute in the aggregate not less than seventy-five percent (75%) of the total working interests, shall be required to select a new 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 Commissioner, (f . If no successor unit operator is selected and qualified as herein provided, the Commissioner at his election, with notice to the Division, may declare this unit agreement terminated.