Utah Admin. Code R652-21-811 - Assignment
Operator may not assign the Operations Royalty Agreement in whole or in part without obtaining the prior written consent of the division, which consent may not be unreasonably withheld. Operator may not be relieved of the responsibilities or liabilities assumed hereunder by virtue of any assignment to a third party unless the division provides written approval as provided herein, the third party is acceptable to the division as an Operator, and the third party assumes, in writing, all obligations of Operator under the terms of the Operations Royalty Agreement. Additionally, Operator shall notify the division of any material changes to Operator's corporate structure altering any contractual or financial obligation with the division within 30 days of the change.
Notes
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