Assumption of Obligations and Indemnification. Unless otherwise expressly provided in this Assignment, each capitalized term used herein shall have the meaning given to it as follows:
Assumption of Obligations and Indemnification. 10.1 Pannonian's Assumption of Liabilities and Obligations. Upon Closing, Gasco shall cause Pannonian to assume and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities and obligations attributed to the Property and the period of time after the Effective Time (collectively, the "Assumed Liabilities"). Shama Zoe shall be responsible only for claims, costs, expenses, liabilities and obligations accruing or relating to the Property and period of time prior to the Effective Time (collectively, the "Retained Liabilities").
Assumption of Obligations and Indemnification. Unless otherwise expressly provided in this Agreement, each capitalized term used herein shall have the meaning given to it as follows:
Assumption of Obligations and Indemnification. From and after the Closing, Buyer assumes and agrees to timely pay and perform, and to indemnify and hold Seller harmless from and against, Buyer's proportionate share of all duties, obligations, and liabilities relating to the ownership, use or operation of the Assets after the Effective Time, including, without limitation, (i) express or implied covenants and obligations relating to the Assets provided for in any agreements affecting the Assets; and (ii) expenses and costs of plugging and abandoning wellx xxx the restoration of well or operation sites located on lands included in the Assets, all in accordance with the applicable laws, regulations and contractual provisions.
Assumption of Obligations and Indemnification. 18 Section 11.1 Buyer’s Assumption of Liabilities and Obligations ............................. 18 Section 11.2 Indemnification ....................................................................................... 18 Section 11.3 Survival .................................................................................................... 19 Section 11.4 Procedure ................................................................................................. 19 Section 11.5 No Insurance; Subrogation .................................................................... 20 Section 11.6 Reservation as to Non-Parties ................................................................ 20 Section 11.7
Assumption of Obligations and Indemnification. Assignee hereby assumes --------------------------------------------- all of the liabilities and all obligations, debts, costs, expenses, liens, encumbrances, demands, claims, actions, losses and damages of any kind whatsoever arising under or affecting the Contracts or related to the ownership, construction and operation of the Pipeline, whether accruing before or after the date hereof. Assignee hereby agrees to indemnify and hold Assignor harmless from and against all claims, liabilities, costs, expenses, and causes of action arising out of, related to or affecting the Contracts or related to the ownership, construction and operation of the Pipeline, whether accruing before or after the date hereof. EXECUTED this ________ day of __________, 1996. MICHIGAN PRODUCTION COMPANY, L.L.C. By: XXXXXXX X. XXXXX, MANAGER and By: XXXXXX X. XXXXXX, MANAGER WEST SHORE PROCESSING COMPANY, LLC By: MarkWest Michigan, LLC, its manager By: MarkWest Hydrocarbon Partners, Ltd., its manager By: MWHC Holding, Inc., its general partner By: ____________________________ THE STATE OF _________) COUNTY OF ____________) The foregoing instrument was acknowledged before me this _______ day of ________, 1996,BY ____________________, the ___________Manager of MICHIGAN ENERGY COMPANY, L.L.C. Witness my Hand and Official Seal. My Commission expires: _________________ Notary Public THE STATE OF _________) COUNTY OF ____________) The foregoing instrument was acknowledged before me this _________ day of _______, 1996, by _________________, the ____________Manager of MARKWEST MICHIGAN, LLC. Witness my Hand and Official Seal. My Commission expires: Notary Public
Assumption of Obligations and Indemnification. From the date of this Agreement until the expiry or due exercise thereof, BMG and BMG USA will jointly and severally assume all of the obligations of GAM under the Joint Venture Agreement and agrees to perform all of the obligations of GAM thereunder and pay timely all monies due thereunder on behalf of GAM, provided that GAM shall have the right to an observer on the Management Committee and the right to reject proposed Programs and Budgets, as defined in the Joint Venture Agreement, which are not fully funded in advance by BMG or BMG USA, as the case may be. BMG and BMG USA will jointly and severally indemnify and hold harmless GAM from any costs, damages, or liabilities of whatsoever kind and nature during the term of this Agreement resulting from any failure of BMG or BMG USA to comply with the assumed obligations under the Joint Venture Agreement. During the currency of this Agreement, BMG and BMG USA shall provide GAM with copies of all reports and other correspondence in connection with the Joint Venture Agreement.
Assumption of Obligations and Indemnification
