Unit Operation Clause Samples
A Unit Operation clause defines how a specific portion or unit of a larger project, facility, or system is to be operated independently for contractual or operational purposes. This clause typically outlines the criteria for designating a unit, the responsibilities for its management, and the allocation of costs and revenues associated with its operation. For example, in a construction or energy project, it may allow a completed section to begin functioning and generating revenue while other sections are still under development. The core function of this clause is to provide flexibility and efficiency by enabling parts of a project to become operational and productive before the entire project is completed.
Unit Operation. No agreement, nor amendment to any agreement, for the cooperative or unit development ("pooling") for the field or area affecting the Leased Premises, or any pool thereof, shall be valid or binding without the advance written consent of Lessor and the Secretary. Notwithstanding any other provisions herein, upon the pooling of part of the Leased Premises, this Lease shall be severed and shall be considered as separate and distinct leases for all horizons on (a) the pooled acreage and (b) the rest of the Leased Premises; such severance shall result each time, and from time to time, whenever pooling occurs; and the term of each resulting lease caused by any such severance, and all the rights and obligations of Lessee under each such lease, shall apply separately to the acreage attributable to the particular lease under the foregoing severance, with every resulting lease being considered as separate and independent from every other lease.
Unit Operation. Seller will operate and schedule generating facilities, undertake maintenance, declare outages, and commit or otherwise bid supply in a manner that complies with the rules and regulations of the applicable power market.
Unit Operation