Common use of APPLICATION TO OPERATOR'S INTEREST Clause in Contracts

APPLICATION TO OPERATOR'S INTEREST. In the event Operator should sell or otherwise dispose of a portion of its interest in all or any portion of this Agreement, the Property, and/or the Joint Assets, but retain its rights as Operator, Operator shall continue to be obligated to act as a reasonable and prudent Operator in the conduct of operations and the performance of its obligations hereunder. The provisions of this Article XVII shall not be construed to allow the sale or transfer of this operatorship of the Property separate and apart from its interest in the Property.