Operated Assets definition

Operated Assets means Assets operated by Seller, the Company or any of their respective Affiliates.

Operated Assets means all Assets operated by any Seller or any Affiliate of any Seller.

Operated Assets means assets which are under the operational control of the operator;

Examples of Operated Assets in a sentence

• All bonuses, delay rentals, minimum royalties and royalties, other than suspended royalties, due and payable under the Leases that are Operated Assets (and, to Seller’s Knowledge, under the Leases that are Non-Operated Assets) have been timely paid in accordance with applicable Leases and Laws.

• The Operated Assets (and, to Seller’s Knowledge, the Non-Operated Assets) are in material compliance with applicable Laws, Permits, rules, regulations, ordinances and orders.

• Except with respect to Imbalances or as set forth on Schedule 4.14, no Person has any call upon, right to purchase or to market, option to purchase or market, or similar rights with respect to any portion of the Hydrocarbons produced from the Operated Assets (or, to Seller’s Knowledge, the Non-Operated Assets) that is not terminable without penalty on less than three months’ notice.

• Buyer and Seller shall execute all documents necessary to transfer operations on the Seller Operated Assets to Buyer or Buyer’s designated operator.

• The Company has maintained and is maintaining all material Permits with respect to the Operated Assets (and, to Seller’s Knowledge, the operator has maintained and is maintaining all material Permits with respect to the Non-Operated Assets).

More Definitions of Operated Assets

Operated Assets means the those parts of the Interests operated by the Seller as set out in Schedule 1;

Operated Assets means Assets operated by Seller, the Company or any of their respective Affiliates. “Ordinary Course of Business” means, with respect to any action taken by a Person:

Operated Assets means the assets and facilities identified in Exhibit A hereto, and any other assets and facilities that Operator agrees to operate on behalf of Company upon reasonable request by Company.

Operated Assets means those of the Assets which the Vendor was the operator as of the Adjustment Date and the Scheduled Closing Date;

Operated Assets means the Oil Producing Properties for which Seller is the operator under applicable Operating Agreements, as identified in the definition of Operating Agreements.

Operated Assets means any Assets operated by the Company or any of its Subsidiaries.

Operated Assets has the meaning ascribed to such term in Section 4.1(H).