Removal of Operator. The Operator may be removed and a new Operator may be substituted at any time on 60 days advance written notice to the outgoing Operator by the Managing General Partner acting on behalf of the Partnership on the affirmative vote of Participants whose Units equal a majority of the total Units. The Operator shall not be removed until a substituted Operator has been selected by an affirmative vote of Participants whose Units equal a majority of the total Units and installed as such.
Appears in 18 contracts
Samples: Certificate and Agreement (Atlas America Public #15-2005 Program), Certificate and Agreement (DGOC Series 28, L.P.), Certificate and Agreement (Atlas Resources Public #17-2008 (B) L.P.)
Removal of Operator. The Operator may be removed and a new Operator may be substituted at any time on upon 60 days advance written notice to the outgoing Operator by the Managing General Partner acting on behalf of the Partnership on upon the affirmative vote of Participants whose Units Agreed Subscriptions equal a majority of the total UnitsPartnership Subscription. The Operator shall not be removed until a substituted Operator has been selected by an affirmative vote of Participants whose Units Agreed Subscriptions equal a majority of the total Units Partnership Subscription and installed as such.
Appears in 2 contracts
Samples: Certificate and Agreement (Atlas Energy for the Nineties Public No 5 LTD), Subscription Agreement (Atlas Energy for Nineties Public No 8 LTD)
