Common use of Operator Agreement Clause in Contracts

Operator Agreement. The Buyer Operator Agreement is in full force and effect according to its terms. There is no material breach or violation by Buyer of, or material default by Buyer under, the Buyer Operator Agreement (and no event has occurred with respect to Buyer which, with notice or lapse of time or both, would constitute a material breach or violation by Buyer of, or material default by Buyer under, the Buyer Operator Agreement), and, to the knowledge of Buyer, there is no material breach or violation by any other Person of, or material default by any other Person under, the Buyer Operator Agreement (and no event has occurred, is pending or is threatened which, with notice or lapse of time or both, would constitute a material breach or violation by such Person of, or material default in any material respect by such other Person under, the Buyer Operator Agreement). None of Buyer or its Affiliates have received or delivered any notice of any intention by any party to terminate, repudiate or disclaim the Buyer Operator Agreement.