Noble Operator definition
Examples of Noble Operator in a sentence
CONSOL Operator and Noble Operator shall develop and implement a policy regarding required disclosure of conflicts of interest that any officer, director or key employee of that Party or Affiliate of that Party may have with the interest of any of the Parties in connection with the conduct of Development Operations.
In addition, subject to Sections 2.5 and 2.6, Noble Operator shall have such other powers and responsibilities as are set forth in this Agreement or as granted to it by the Joint Development Committee.
A Party Operator shall be entitled to contract with Third Parties to provide the foregoing services (including in the case of Noble Operator, contracting with CONSOL and its Affiliates in accordance with and subject to the terms of the Services Agreement (as defined in the Acquisition Agreement) during the term thereof).
In addition, to the extent requested by Noble Operator, the Parties agree to use their respective commercially reasonable efforts to support Noble Operator in any vote with respect to becoming or remaining as operator under each other Applicable Operating Agreement relating to the NBL Operated Area.
Unless otherwise agreed by the Parties, an Excluded Unit shall cease to be an Excluded Unit and operatorship of such Excluded Unit shall be transferred to Noble Operator promptly after all drilling and completion operations that caused such Drilling Unit to be an Excluded Unit have been concluded by CONSOL Operator.
At the end of the Operatorship Transition Period, CONSOL Operator shall use its commercially reasonable efforts to assist Noble Operator in taking over as operator in the NBL Operated Area.
During the Operatorship Transition Period, prior to commencing any Development Operation in the Operated Area that is described on Exhibit A-3, CONSOL Operator shall provide a copy of any AFE and any related drilling and completion plan for such Development Operation to Noble Operator and thereafter meet with Noble Operator to discuss and review such AFE and/or related drilling and completion plan.