Affiliated operator definition
Examples of Affiliated operator in a sentence
Upon request of Administrative Agent, Borrower shall cause each Affiliated operator of its Oil and Gas Properties to fully subordinate to the Liens securing the Obligations any and all Liens granted to or held by such operator under any present or future joint operating agreement covering any of the Oil and Gas Properties of Borrower or any of its Subsidiaries, in a manner satisfactory to Administrative Agent and pursuant to documentation in form and substance satisfactory to Administrative Agent.
Such guarantee shall continue until the ▇▇▇▇▇ ▇▇ --------------- Affiliated operator demonstrates to the Partners other than ▇▇▇▇▇ ▇▇ that the Operating Problem is solved.