This form is used if any party fails or is unable to pay its proportionate share of the costs for the operation, the Operator shall have the right to enforce the lien, or the Operator shall have the right, exercised before or after Completion of the operation.
Nebraska Rights of Operator Against A Defaulting Party Pre-1989 Agreements refer to the provisions and legal rights granted to operators in the state of Nebraska when dealing with a defaulting party in agreements that were established prior to 1989. These agreements typically pertain to various sectors such as oil and gas, mining, or agriculture. In Nebraska, pre-1989 agreements may involve different types of rights and remedies provided to operators against a defaulting party. Some common types of Nebraska Rights of Operator Against A Defaulting Party Pre-1989 Agreements include: 1. Right to Demand Payment: Operators have the right to demand payment from the defaulting party when there is a breach of contract or failure to fulfill the agreed-upon obligations. This could involve the payment of royalties, fees, or other financial obligations outlined in the agreement. 2. Right to Recover Costs: Operators may be entitled to recover costs incurred as a result of the defaulting party's non-compliance. This could include expenses related to maintenance, repairs, or any other reasonable costs necessary to remedy the defaulting party's breach. 3. Right to Suspend Operations: If the defaulting party fails to meet their obligations, the operator may have the right to suspend operations until the breach is resolved or necessary remedies are put in place. This ensures that the operator is not further disadvantaged by the defaulting party's actions. 4. Right to Terminate the Agreement: In cases of severe or repeated non-compliance, the operator may have the right to terminate the agreement altogether. This allows the operator to sever ties with the defaulting party and seek alternative arrangements to protect their interests. 5. Right to Seek Legal Action: Operators may have the right to pursue legal action against the defaulting party to enforce the terms of the agreement or claim damages resulting from the breach. Legal remedies can vary depending on the specific circumstances and the provisions outlined in the agreement. It is important to note that the rights and remedies available under Nebraska Rights of Operator Against A Defaulting Party Pre-1989 Agreements may vary based on the specific terms and conditions of each agreement. Therefore, it is crucial for operators to carefully review the agreement, consult legal professionals, and understand their rights in the event of a defaulting party.
