Common use of Resignation of Operator Clause in Contracts

Resignation of Operator. Operator may resign from its duties and obligations as Operator at any time upon written notice of not less than 60 days given to all other parties. In this case, all parties to this contract shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for Operator by this Agreement. The retiring Operator shall deliver to its successor all records and information necessary to the discharge by the new Operator of its duties and obligations.

Resignation of Operator. Operator may resign from its duties and obligations as Operator at any time upon by giving written notice of not less than 60 days given thereof to all other partiesthe Parties. In this case, all parties to this contract shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for Operator by this Agreement. The retiring Operator shall deliver to resign if it divests itself of all its interest in the Lease. Such resignation shall not become effective until the first day of the first full month following a period of ninety (90) days from the date of said notice, unless a successor all records and information necessary to Operator has theretofore assumed the discharge by the new duties of Operator of its duties and obligationshereunder.

Resignation of Operator. The Operator may resign from its duties and obligations as Operator at the end of any time upon month by giving sixty (60) days prior written notice thereof to the Participants. Each successor Operator shall be bound by the terms and conditions of not less than 60 days given to all other parties. In this case, all parties to this contract shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for Operator by this Agreement. The retiring Operator shall deliver , including any amendments to its successor all records and information necessary to the discharge by the new Operator of its duties and obligationsor modifications thereof.

Resignation of Operator. At any time after July 31, 2007, Operator may resign from its duties and obligations as Operator at any time upon sixty (60) days prior written notice of not less than 60 days given to all other partiesthe Joint Venture. In this casethe event of its resignation, all parties Operator shall have no further responsibility or authority pursuant to this contract shall select by majority vote in interestAgreement, not in numbers, a new Operator who shall assume except that related to the responsibilities and duties, and have the rights, prescribed for Operator by transfer of responsibility to any successor Operator. Subject to Section 6.1 of this Agreement. The retiring , Operator shall deliver be reimbursed by the Joint Venture for all expenses it may have reasonably incurred in fulfilling its responsibilities under this Agreement prior to its successor all records and information necessary to the discharge by the new Operator of its duties and obligationsresignation.

Resignation of Operator. Operator may resign from its duties and obligations as Operator at any time upon written notice of not less than 60 ninety (90) days given to all other partiesparties to this Agreement. In this case, all parties to this contract Agreement shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for by Operator by this Agreement. The retiring Operator shall deliver to its successor all records and information necessary to the discharge by the new Operator of its duties and obligations.

Resignation of Operator. The party or person acting as Operator may resign upon 90 days' notice in writing to the parties. A resigning Operator will not be released from its obligations hereunder unless a successor operator shall have been appointed pursuant to Section 6.5 and shall have agreed to assume the duties and obligations as of Operator at any time upon written notice of not less than 60 days given to all other parties. In this case, all parties to this contract shall select by majority vote in interest, not in numbers, a new Operator who shall assume the responsibilities and duties, and have the rights, prescribed for Operator by this Agreement. The retiring Operator shall deliver to its successor all records and information necessary to the discharge by the new Operator of its duties and obligationshereunder.