Common use of Operator Default Clause in Contracts

Operator Default. At the sole discretion of Owner, upon the failure by the Operators to perform their material obligations contained in this Agreement and such failure has a material adverse effect on the financial condition or results of operations of the Business and such failure shall continue for a period of thirty (30) days after written notice thereof from Owner to the Operators specifying in reasonable detail the nature of such failure,

Operator Default. At the sole discretion of Owner, upon the failure by the Operators Operator to perform their its material obligations contained in this Agreement and such failure has a material adverse effect on the financial condition or results of operations of the Business and such failure shall continue for a period of thirty (30) days after written notice thereof from Owner to the Operators Operator specifying in reasonable detail the nature of such failure,;