Change of Operator Forms Sample Clauses

Change of Operator Forms. Seller and Purchaser shall duly execute federal and state change of operator forms with respect to those Acquired Assets of Seller that will be operated by Purchaser after the Closing under Section 10.12, and Seller shall execute and deliver to Purchaser resignation of operator letters in forms reasonably acceptable to Purchaser.
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Change of Operator Forms. On or before the end of the last day of the Transition Period (or otherwise in accordance with applicable state requirements), LINN will submit the Change of Operator Forms to the required parties; provided, however, that Xxxxx must have secured the necessary bonding, insurance and regulatory approvals to release LINN of any ongoing liability for Xxxxx’x operatorship.
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Change of Operator Forms. Seller shall deliver appropriate evidence reflecting change of operator as required by applicable Governmental Authorities.
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Change of Operator Forms. The Parties shall execute appropriate change of operator forms with respect to those Assets that will be operated by Buyer after Closing in accordance with Section 8.7 and Seller shall, pursuant to Section 8.7 execute and deliver to Buyer resignation of operator letters in a form reasonably acceptable to Buyer.
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Change of Operator Forms. At the Closing, Seller will execute and deliver to Buyer all forms required by State or Federal law or regulations to reflect the resignation of Seller and the appointment of Buyer (or its designated affiliate) as operator of the Properties currently operated by Seller, and Seller will use its reasonable best efforts to assist Buyer in being designated or elected operator of such Properties under applicable operating and similar agreements. ARTICLE 13
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Change of Operator Forms. Change of operator forms in form and substance satisfactory to the Buyer for each of the Interests for which either of the Sellers or CFLP acts as operator evidencing a transfer to the Buyer or the Buyer's designee of operations on all such Interests;
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Change of Operator Forms. At the Closing, Seller will execute and deliver to Buyer all forms required by state or federal law or regulations to reflect the resignation of Seller and the appointment of Buyer (or its designated affiliate) as operator of the Properties, and Seller will use its reasonable best efforts to assist Buyer in being designated or elected operator of such Properties under applicable operating and similar agreements; provided, however, all costs, expenses, transfer fees, and filing fees shall be Buyer’s sole cost and expense. ram2ndqtr10q-ex1015.htm
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Change of Operator Forms. Unocal shall have provided to Buyer, where applicable, executed change of operator forms to be filed, by Buyer, with the relevant regulatory agency naming Buyer, or its designee, the operator of those Assets (active or inactive) which Unocal operated as of the Closing Date and that are subject to this Agreement, provided, however, that Buyer shall be responsible for completing and complying with any balloting or voting procedures required under any applicable operating agreements regarding appointment of a successor operator and Unocal in no way represents or guarantees that Buyer will be elected or appointed as the successor operator under the applicable operating agreements covering those Assets (and Unocal assumes that Buyer is otherwise qualified to operate such Assets).
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Related to Change of Operator Forms

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Resignation of Operator Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio:

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

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