Examples of Operated Xxxxx in a sentence
Xxxxx shall use its reasonable best efforts to assume operatorship of all of the Operated Xxxxx Properties on or before the last day of the un-extended Transition Period.
In connection with Xxxxx’x access to the Operated Xxxxx Properties or to any Xxxxx Related Assets located on property owned by LINN, Berry must be accompanied by a LINN Representative at all times.
As described in Section 1.9 of Exhibit B, LINN (i) shall obtain necessary non-operating working interest owner approval and regulatory permits to abandon any Xxxxx Xxxxx included in the Operated Xxxxx Properties when required under Applicable Law to be abandoned during the Transition Period, (ii) shall provide supervision for abandonment operations of such Xxxxx Xxxxx during the Transition Period, and (iii) shall file all necessary abandonment reports after completion of such operations.
During the Accounting Period, LINN shall provide to Xxxxx monthly aged accounts receivable reports detailing any uncollected joint interest xxxxxxxx issued to Third Parties for operations conducted on the Operated Xxxxx Properties not otherwise accounted for prior to the Effective Date between the Parties.
During the Transition Period, LINN shall (i) continue to perform, on Xxxxx’x behalf, Xxxxx’x duties as operator of the Operated Xxxxx Properties and (ii) provide such additional operations services with respect to the Operated Xxxxx Properties that are described in Section 1.1 of Exhibit B.
LINN shall provide, or cause to be provided, (i) midstream services, (ii) transportation and marketing services, (iii) gas control services, and (iv) other similar services to sell the Hydrocarbons produced from the Operated Xxxxx Properties prior to the end of the Transition Period, as further described in Section 1.4 of Exhibit X.
At the end of the Accounting Period, Xxxxx shall reimburse LINN for the then outstanding amount of joint xxxxxxxx attributable to operations on the Operated Xxxxx Properties not otherwise accounted for prior to the Effective Date by the Parties (the “Transition JIB Balance”).
Xxxxx shall have access to the Operated Xxxxx Properties, the Xxxxx Facilities, and the Xxxxx Related Assets at all times during normal business hours.
LINN shall continue to be the operator of record for the Operated Xxxxx Properties during the Transition Period of this Agreement.
If such condition exists on an Operated Xxxxx Property and either represents imminent danger or is required under Applicable Law to be remediated immediately, then LINN shall, unless otherwise instructed by Xxxxx, remediate such condition at Xxxxx’x sole cost and expense, subject to the indemnity obligations described in this Agreement.