Common use of Asbestos and NORM Clause in Contracts

Asbestos and NORM. The parties acknowledge that the Properties may contain asbestos and/or NORM, and that special procedures may be required for the assessment, remediation, removal, transportation or disposal of asbestos and NORM. Buyer agrees to assume any and all liability associated with or attributable to the assessment, remediation, removal, transportation and disposal of the asbestos or NORM associated with or attributable to the Properties and shall conduct said activities in accordance with all applicable Laws.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Southwestern Energy Co), Purchase and Sale Agreement (Parallel Petroleum Corp), Participation Agreement (Baron Energy Inc.)

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