Change of Operators Sample Clauses

Change of Operators. The Signing Companies may change the Operator, and the Operator may resign from its role, subject to prior consent from the CNH. The new operator shall:
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Change of Operators. The Participating Companies may change the Operator, and the Operator may resign from its role as Operator, subject to the prior written consent of the CNH, in the understanding that the new operator shall at least comply with the prequalification criteria established for the Operator in the bidding process for this Contract, provided that the Change of Operator occurs during the first five (5) years following the Effective Date, or if applicable, that there is evidence that the new operator has been prequalified by CNH in a bidding process for areas with characteristics similar to the Contract Area of this Contract in the five (5) years prior to the Change of Operator. The change of Operator shall be approved in accordance with Article 24 of this Agreement and in terms with the Applicable Laws. In the event CNH does not issue a decision during the period set forth in this Contract, it will be deemed to have made in favorable decision.
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Change of Operators. 15 2.7 ............... Reporting of Benefits for Accounting Purposes. 15
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Change of Operators. If pursuant to the terms of the Subordinated Credit Agreement, the Subordinated Lenders request that the Borrower or any Subsidiary replace or vote to replace the operator of any of the Oil & Gas Properties, the Borrower will not and will not permit any Subsidiary to do so without the prior written consent of Lenders, which consent will not be unreasonably withheld."
Sample 1
Change of Operators. The Participating Companies may change the Operator, and the Operator may resign from its role as Operator, subject to the prior written prequalification criteria established for the Operator in the bidding process for this Contract, provided that the Change of Operator occurs during the first five (5) years following the Effective Date, or if applicable, that there is evidence that the new operator has been prequalified by CNH in a bidding process for areas with characteristics similar to the Contract Area of this Contract in the five (5) years prior to the Change of Operator. The change of Operator shall be approved in accordance with Article 24 and in terms with the Applicable Laws. In the event CNH does not issue a decision during the period provided, it will be deemed to have made in favorable decision.
Sample 1
Change of Operators 
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Related to Change of Operators

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • 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.

  • 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:

  • Change of business The Company shall procure that no substantial change is made to the general nature of the business of the Company or the Group from that carried on at the date of this Agreement.

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

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