Transfer of Operatorship. Insofar as Vendor operates any of the Assets, Purchaser acknowledges that Vendor is not able to transfer operatorship of some or all of such Assets to Purchaser at or after Closing. Should a Third Party take over operatorship of some or all of the Assets whether after receiving change of operatorship notices from Vendor of the sale of its interest, or otherwise, Purchaser acknowledges that such Licences (including without limitation the Excluded Licences) will be transferred to the successor operator at or following Closing and that Purchaser shall not contest any such succession of operatorship or transfer of Licences except as otherwise provided in the applicable operating agreements after Closing and such succession and transfer.
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.
Transfer of Operatorship. Farmor agrees to seek approval to transfer to Farmee the rights and obligations of Operator under the Contract, such that Farmee or its Nominee will be named Operator under Article 8 of the Contract. The Parties shall coordinate with each other to effect a timely and efficient transfer of operatorship to Farmee’s Nominee upon receipt of the approval, including the transfer of such Documents, contracts and agreements as are then in effect that are reasonable and necessary for operations in the Contract Area. Farmor shall assign and Farmee, on behalf of itself and its Nominee, agrees to accept such assignment and perform under such Documents, contracts and agreements.
Transfer of Operatorship. It is expressly understood and agreed that Seller shall not be obligated to continue operating any of the Property following the Closing and Buyer hereby assumes full responsibility for operating (or causing the operation of) all Property that was operated by Seller or its Affiliates following the Closing. Seller makes no representation and/or warranty to Buyer as to the transferability or assignability of operatorship of such xxxxx, but Seller agrees to reasonably cooperate with Buyer and use its commercially reasonable efforts to attempt to cause operatorship of the Property (and any portion thereof) to be transferred to Buyer or Buyer’s designee (it being understood that such shall not require the payment of money by Seller). Buyer acknowledges that the rights and obligations associated with such xxxxx are governed by applicable agreements and that operatorship will be determined by the terms of those agreements. Buyer acknowledges that the procedures for contractual succession of operators are governed by applicable operating agreements and assumes all responsibility for the conduct of requisite balloting and any other procedures necessary to elect a successor operator pursuant to applicable operating agreements at the earliest practicable date(s).
Transfer of Operatorship. Seller will use commercially reasonable efforts including the prompt execution of all necessary or required documentation from the North Dakota regulatory authorities, and take all necessary actions in connection therewith or reasonably requested by Buyer, to cause Buyer to succeed Seller as operator of the Leases and Xxxxx.
Transfer of Operatorship. Any drilling, completion and hook-up operations will be performed and conducted by EPL, as operator, under competitive contracts with qualified independent drillers; and all regulatory approvals for such operations will be obtained under permit of EPL. Connection and tie-in to a third party pipeline or facility will be preformed by Farmoutee, at the cost and risk of Farmoutee, to the extent of its working interest in the cost of drilling, completing and connecting the well for production. Hook-up to or on any Chevron platform shall mean tying the riser to the platform but the final hook-up to production facilities and any re-piping upon a Chevron platform shall be done by Chevron, at the cost and risk of Farmoutee to the extent of its working interest for the cost of drilling, completing and connecting the well for production, unless otherwise agreed. Once the well has established production in paying quantities, and once the well is hooked-up by FARMOUTEE for production, the production operations will be transferred to Farmoutor, and Farmoutor will be re-designated operator of all such Farmout Wellx, xx FARMOUTEE's cost for such re-designation. If any Farmout Well or operation conducted by FARMOUTEE is a dry hole or does not reach Payout from the zones of the Earned Area, FARMOUTEE shall offer all of its interest and ownership the well and the Earned Area of that well to Farmoutor free of charge, cost and burdens. If such well and its Earned Area interest are not accepted by Farmoutor within thirty (30) days of that offer, Farmoutee, at the working interest owners sole cost, shall promptly either temporarily abandon any well re-entered by Farmoutee, which well pre-existed this Agreement, or permanently plug and abandon any new drill, unless instructed otherwise by Farmoutor. Any such abandonment work shall be conducted in accordance with all regulatory requirements, within sixty (60) days of Farmoutor's non-acceptance of such well. For any Farmout Well completed as a producer and connected for production and which reaches Payout, the abandonment obligations for any Earned Area or that well shall be borne in accord with the working interest in the well at the time the abandonment is conducted, as an operation under the operating agreement, but Farmoutor shall hold a takeover election for such well under the same terms as Article 9.
Transfer of Operatorship. Seller covenants with Purchaser that Seller shall reasonably cooperate with Purchaser 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 Seller is currently the Operator.
Transfer of Operatorship. The Vendor shall do all such commercially reasonable things as the Purchaser may request in order to assist the Purchaser to become the operator of those of the Assets which the Purchaser desires to operate and which the Vendor operates as of the Closing Time.
Transfer of Operatorship. Following the sale, assignment and transfer of the BHP Billiton Buffer Zone Assets and the BCDC Buffer Zone Assets to Newco and prior to the Time of Closing, BHP Billiton Canada, BCDC and Newco shall take all necessary steps to transfer the operatorship of the Buffer Zone Joint Venture from BHP Billiton Canada to Newco. In connection with the resignation of BHP Billiton Canada and appointment of Newco as the operator of the Buffer Zone Joint Venture, and prior to the Time of Closing, BHP Billiton Canada shall transfer and assign to Newco and Newco shall assume legal title to all of the property and assets of BHP Billiton Canada used or held for use by BHP Billiton Canada in its capacity as operator of the Buffer Zone Joint Venture in connection with or otherwise relating to the Buffer Zone Joint Venture and/or the Buffer Zone Property (other than the Excluded Assets), whether real or personal, tangible or intangible, of every kind and description and wheresoever situate (collectively, the "Operatorship Assets"), including:
Transfer of Operatorship. Where Vendor is operator of any of the Assets, the Parties shall cooperate to have Xxxxxxxx appointed as successor operator pursuant to the Title and Operating Documents; provided, however, that nothing contained in this Agreement shall be interpreted as assigning Vendor's rights as operator of any of the Assets under any Title and Operating Documents or an assurance that Xxxxxxxx will be accepted as operator of any of the Assets at, or after, Closing.
