Common use of Transfer of Operatorship Clause in Contracts

Transfer of Operatorship. Purchaser acknowledges that Vendor may not be able to transfer operatorship of some or all of the Assets to Purchaser at or after Closing. Vendor covenants with Purchaser that Vendor shall reasonably cooperate with Purchaser to obtain appropriate consents and approvals for the assignment and transfer to Purchaser of operatorship of those of the Assets of which Vendor is currently the Operator.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Barnwell Industries Inc), Execution Version (Barnwell Industries Inc), Purchase and Sale Agreement (Barnwell Industries Inc)

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Transfer of Operatorship. Insofar as Vendor operates any of the Assets, Purchaser acknowledges that Vendor may not be able to transfer operatorship of some or all of the such Assets to Purchaser at or after Closing. Vendor covenants with Purchaser that Vendor shall reasonably cooperate with Purchaser to obtain appropriate consents and approvals for the assignment and transfer to Purchaser of operatorship of those of the Assets of which Vendor is currently the Operatoroperator.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Transfer of Operatorship. Purchaser acknowledges that Vendor may not be able to transfer operatorship of some or all any of the Assets to Purchaser at or after Closing. Vendor covenants with Purchaser that Vendor shall reasonably cooperate with do such commercially reasonable things as Purchaser may request in order to obtain the appropriate consents and approvals for the assignment and transfer to Purchaser of operatorship of those of the Assets of which Vendor is currently the Operatoroperates.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Xtra-Gold Resources Corp)

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