Common use of The Operator Clause in Contracts

The Operator. 3.1 The Operator shall carry out and administer the day to day management of the joint venture activities. The activities shall be carried out in accordance with the terms of this Agreement, the decisions of the management committee, the conditions specified in the Production Licence, applicable law and other resolutions made by the authorities. The Operator shall in its capacity as such neither have profit nor loss through the execution of its duties, unless otherwise provided in this Agreement.

The Operator. 3.1 The 4.1The Operator shall carry out and administer the day to day management of the joint venture activities. The activities shall be carried out in accordance with the terms of this Agreement, the decisions of the management committee, the conditions specified in the Production Licence, applicable law and other resolutions made by the authorities. The Operator shall in its capacity as such neither have profit nor loss through the execution of its duties, unless otherwise provided in this Agreement.