Buyer’s Assumed Obligations. Provided that the Closing occurs, except to the extent Sellers have an indemnity obligation under Section 12.04 and except for the Retained Obligations, Buyer hereby assumes its proportionate share of all duties, obligations and liabilities of every kind and character related, applicable or attributable to the ownership or operation of Buyer’s interest in the Assets from and after the Effective Time (collectively, the “Assumed Obligations”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Everflow Eastern Partners Lp), Purchase and Sale Agreement (Everflow Eastern Partners Lp)
Buyer’s Assumed Obligations. Provided that the Closing occurs, except to the extent Sellers have Seller has an indemnity obligation under Section 12.04 and except for the Retained Obligations, Buyer hereby assumes its a proportionate share of all duties, obligations and liabilities of every kind and character related, applicable or attributable to the ownership or operation of Buyer’s interest in the Assets from and after the Effective Time (collectively, the “Assumed Obligations”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Lucas Energy, Inc.)
Buyer’s Assumed Obligations. Provided that the Closing occurs, except to the extent Sellers have Seller has an indemnity obligation under Section 12.04 and except for the Retained Obligations, Buyer hereby assumes its proportionate share of all duties, obligations and liabilities of every kind and character related, applicable with respect to the Assets or attributable to the ownership or operation thereof that arise from or that have arisen from the ownership, operation or use of Buyer’s interest in the Assets from and on or after the Effective Time (collectively, the “Assumed Obligations”).
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