Common use of Selection of Successor Operator Clause in Contracts

Selection of Successor Operator. Within _________ (__) days of the selection of the successor Operator, the successor Operator shall commence the fabrication or acquisition of a Development System in the approved Development Plan. The fabrication or acquisition of a Development System commences on the date the first major fabrication contract for the Development System is awarded or the date the purchase contract for a Development System is executed. Post-Production Project Team AFEs The Execution Stage concludes upon the first production of Hydrocarbons from the Development System. At least ___________ (__) days, but not more than ___________ (__) days, prior to the first production of Hydrocarbons from the Development System, the Operator may propose for approval by ☐ Vote ☐ Election ☐ unanimous agreement