Common use of SUCCESSOR UNIT OPERATOR Clause in Contracts

SUCCESSOR UNIT OPERATOR. When- ever the Unit Operator shall tender his or its resignation as Unit Operator or shall be re- moved as hereinabove provided, or a change of Unit Operator is negotiated by the work- ing interest owners, the owners of the work- ing interests according to their respective acreage interests in all unitized land shall, pursuant to the Approval of the Parties re- quirements of the unit operating agreement, select a successor Unit Operator. Such selec- tion 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. If no successor Unit Operator is selected and qualified as herein provided, the AO at his election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. When- ever Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be re- moved removed as hereinabove provided, or a change of Unit Operator is negotiated by the work- ing working interest owners, the owners of the work- ing working interests according to their respective acreage interests in all unitized land shall, pursuant to the Approval of the Parties re- quirements requirements of the unit operating agreement, select a successor Unit Operator. Such selec- tion selection shall not become effective until: : (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and and (b) the selection shall have been approved by the AO. If no successor Unit Operator is selected and qualified as herein provided, the AO at his election may declare this unit agreement terminated. 7.

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

SUCCESSOR UNIT OPERATOR. When- ever the Whenever Unit Operator shall tender his or its resignation as Unit Operator or shall be re- moved removed as hereinabove provided, or a change of the Working Interest Owners, voting in the manner provided in the Unit Operator is negotiated by the work- ing interest ownersOperating Agreement, the owners of the work- ing interests according to their respective acreage interests in all unitized land shall, pursuant to the Approval of the Parties re- quirements of the unit operating agreement, shall select a successor Unit Operator; provided, however, that the voting interest of the outgoing Unit Operator shall not be considered for any purpose if such outgoing Unit Operator fails to vote or votes only to succeed itself. Such selec- tion selection of a successor Unit Operator shall not become effective until: : (a) a Unit Operator so selected shall accept in writing the duties and responsibilities of Unit Operator, and and (b) the selection shall have been approved by the AOCommissioner and Division. If no successor Unit Operator is selected and qualified as herein provided, the AO at his election Commissioner may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. When- ever Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be re- moved removed as hereinabove provided, or a change of Unit Operator is as negotiated by hy the work- ing working interest owners, the owners of the work- ing working interests according to their respective acreage interests interest in all unitized land shall, pursuant to the Approval of the Parties re- quirements of the approval ol'ihc panics requirements ofihc unit operating agreement, select a successor Unit Operator. Such selec- tion 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. If no successor Unit Operator is selected and qualified qualilied as herein provided, the AO at his their election may declare this unit agreement terminated.

SUCCESSOR UNIT OPERATOR. When- ever Whenever the Unit Operator shall tender his or its resignation as Unit Operator or shall be re- moved removed as hereinabove provided, or a change of Unit Operator is negotiated by the work- ing working interest owners, the owners of the work- ing working interests according to their respective acreage interests in all unitized land Unitized Land shall, pursuant to the Approval of the Parties re- quirements requirements of the unit operating agreementUnit Operating Agreement, select a successor Unit Operator. Such selec- tion 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. If no successor Unit Operator is selected and qualified as herein provided, the AO at his election may declare this unit agreement Unit Agreement terminated.