Common use of Operatorship Clause in Contracts

Operatorship. Seller makes no representation and/or warranty to Buyer as to the transferability or assignability of operatorship of such Xxxxx, but Seller shall and shall cause its affiliates to, cooperate with Buyer and use its commercially reasonable efforts to cause operatorship of the Xxxxx and Leases to be transferred to Buyer. Buyer acknowledges that the rights and obligations associated with such xxxxx are governed by applicable agreements and that operatorship will be determined by the terms of those agreements.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Lynden Energy Corp.)

AutoNDA by SimpleDocs

Operatorship. Seller makes no representation and/or warranty to Buyer as to the transferability or assignability of operatorship of such XxxxxWxxxx, but Seller shall and shall cause its affiliates to, cooperate with Buyer and use its commercially reasonable efforts to cause operatorship of the Xxxxx Wxxxx and Leases to be transferred to Buyer. Buyer acknowledges that the rights and obligations associated with such xxxxx wxxxx are governed by applicable agreements and that operatorship will be determined by the terms of those agreements.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (BreitBurn Energy Partners L.P.), Purchase and Sale Agreement (BreitBurn Energy Partners L.P.), Purchase and Sale Agreement (BreitBurn Energy Partners L.P.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.