Initial Operator. Upon the formation of the Joint Venture, Falconbridge shall automatically become the first Operator.
Initial Operator. Unless otherwise agreed to by the parties, the party holding the single largest Interest shall be the initial Operator and shall be entitled to continue to act as Operator until it resigns or its Interest is reduced so that it ceases to hold the single largest Interest. Thereafter the party which was non-Operator, if it has consented, shall act as Operator until the time it resigns or its Interest is reduced so that it ceases to hold the single largest Interest.
Initial Operator. CPSC, or its designee, shall be the initial Operator ----------------- of the Pipelines and the Facilities. POC will be responsible for operations of the Transfer Terminal.
Initial Operator. Upon the formation of the Joint Venture, CRR shall be the first Operator.
Initial Operator. The Party holding the single largest interest shall be the initial Operator and shall be entitled to act as the Operator of the exploration programs upon the Property here-in named as Warrior Ventures Incorporated or its assigns.
Initial Operator. Montezuma shall be the initial Operator of the Joint Venture and shall have control of the activities and operations of the Joint Venture.
Initial Operator. 6 6.2 RESIGNATION OR REMOVAL OF OPERATOR AND SELECTION OF SUCCESSOR......................................................... 6 -i- TABLE OF CONTENTS (Continued) -----------------------------
Initial Operator. The Owners hereby designate AO&G as initial Operator and AO&G hereby agrees to act as such in accordance with the terms and conditions of the Agreement.
Initial Operator. The Owners hereby designate Columbia as initial Operator and Columbia hereby agrees to act as such in accordance with the terms and conditions of the Agreement.
Initial Operator. Harbor shall be operator for and shall have full control of all operations conducted under the provisions of this Agreement; provided, however, that, if and when the leases hereunder are assigned to Dolphin or its nominee, Dolphin or such nominee will have the right to be named operator. Operator shall conduct all such operations in a good and workmanlike manner, but it shall have no liability as operator to the nonoperator for losses sustained or liabilities incurred, except as may result from its gross negligence or willful misconduct.
