Common use of Unit Operator Clause in Contracts

Unit Operator. 6.1 lll is hereby designated as Unit Operator, and by signature hereto as Unit Operator agrees and consents to accept the duties and obligations of Unit Operator for the discovery, development, production, distribution, and utilization of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest in Unitized Substances, and the term ‘‘Working Interest Owner,’’ when used herein, shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.

Appears in 2 contracts

Samples: Geothermal Resource Leasing and Unit Agreements, Geothermal Resource Leasing and Unit Agreements

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Unit Operator. 6.1 lll is llllis hereby designated as Unit Operator, and by signature hereto as Unit Operator agrees and consents to accept the duties and obligations of Unit Operator for the discovery, development, production, distribution, and utilization of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest in Unitized Substances, and the term ‘‘Working Interest Owner,’’ when used herein, shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.

Appears in 1 contract

Samples: Royalty Agreement

Unit Operator. 6.1 lll is hereby designated as the Unit Operator, and by signature hereto signing this instrument as Unit Operator Operator, agrees and consents to accept the duties and obligations of Unit Operator for the discoveryoperation, development, production, distribution, and utilization production of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest interests in Unitized Substances, when such interest are owned by it and the term ‘‘Working Interest Owner,’’ when used herein, shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.term

Appears in 1 contract

Samples: Unit Agreement

Unit Operator. 6.1 lll XXXX. is hereby designated as Unit Operator, and by signature hereto as Unit Operator agrees and consents to accept the duties and obligations of Unit Operator for the discovery, development, production, distribution, and utilization of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest in Unitized Substances, and the term ‘‘Working Interest Owner,’’ when used herein, shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.

Appears in 1 contract

Samples: Geothermal Resource Agreement

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Unit Operator. 6.1 lll is hereby designated as Unit Operator, and by signature hereto as Unit Operator agrees and consents to accept the duties and obligations of Unit Operator for the discovery, development, production, distribution, and utilization of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest in Unitized Substances, and the term ‘‘Working Interest Owner,’’ when used herein, shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.

Appears in 1 contract

Samples: Geothermal Resource Leasing and Unit Agreements

Unit Operator. 6.1 lll Company is hereby designated as Unit Operator, and by signature hereto signing this instrument as Unit Operator it agrees and consents to accept the duties and obligations of Unit Operator for the discoveryoperation, development, production, distribution, development and utilization production of Unitized Substances as herein provided. Whenever reference is made herein to the Unit Operator, such reference means the Unit Operator acting in that capacity and not as an owner of interest in Unitized Substances, and the term ‘‘"Working Interest Owner,’’ " when used herein, herein shall include or refer to Unit Operator as the owner of a Working Interest when such an interest is owned by it.

Appears in 1 contract

Samples: Unit Agreement

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