Termination by POC Sample Clauses

Termination by POC. This Operating Agreement may be terminated at any -------------------- time by POC (i) in the event Operator violates any safety standard or code and does not remedy such situation within thirty (30) days after notice, or (ii) in the event Operator breaches any other provision hereof or fails or refuses to timely perform any of its duties hereunder and fails or refuses to cure such deficiency or default within thirty (30) days after receipt of notice of such default by POC. If Operator becomes insolvent, bankrupt or is placed in receivership, it shall be deemed to have resigned as Operator, and this Operating Agreement shall terminate. If a petition for relief under the federal bankruptcy laws is filed by or against Operator, and the removal of Operator and/or the termination of this Operating Agreement is prevented by the federal bankruptcy court, then at POC's option, POC, Operator and a third Party selected by POC shall comprise an interim operating committee to serve until Operator has elected to reject or to assume this Operating Agreement, and all actions shall require the agreement of two (2) members of the operating committee.