Buyer's Plugging Liability Sample Clauses

Buyer's Plugging Liability. Buyer shall properly plug and abandon at ---------------------------- Buyer's sole cost and expense all wells herein assigned or locatex xx the Properties and shall clean and restore the surface at Buyer's expense and in accordance with the applicable Lease provisions and state and federal rules and regulations pertaining to the plugging and abandoning of such wells and the restoration of such xxxxxce. Buyer shall indemnify, defend, and hold Seller Group harmless from and against all Losses as a result of Buyer's failure to comply with the provisions of this Section 11.8.
Sample 1
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Buyer's Plugging Liability. Buyer shall properly plug and abandon at Buyer's expense all Xxxxx herein assigned and shall restore the surface at Buyer's expense and in accordance with the applicable Lease provisions, surface use agreements and state and federal rules and regulations pertaining to the plugging and abandoning of such xxxxx and the restoration of such surface. Buyer shall indemnify, defend, and hold Seller Group harmless from and against all Losses as a result of Buyer's failure to comply with the provisions of this section.
Sample 1
Buyer's Plugging Liability. At Closing, Buyer shall assume (a) all obligations to (i) plug and abandon or remove and dispose of all xxxxx, structures, flow lines, pipelines and other equipment now or hereafter located on the Oil and Gas Properties or the Servitudes, including the Xxxxx and the Gathering System, (ii) cap and bury all flow lines and other pipelines now or hereafter located on the Oil and Gas Properties or the Servitudes or used in connection with the Gathering System, and (iii) dispose of naturally occurring radioactive material and all other pollutants, wastes, contaminants, or hazardous or toxic materials, substances, chemicals or wastes now or hereafter located on the Oil and Gas Properties or the Servitudes; (b) all other costs, obligations and liabilities that arise under the Oil and Gas Properties, the Servitudes or the Contracts or otherwise relate to the Properties and, in each case, arise from or relate to events occurring or conditions existing on or after the Effective Date or accrue after the Effective Date. All such plugging, replugging, abandonment, removal, disposal, and restoration operations shall comply with all applicable laws, regulations and contracts, and shall be conducted in a good and workmanlike manner. Buyer shall indemnify, defend, and hold Seller Group harmless from and against all Losses as a result of Buyer’s failure to comply with the provisions of this Article 18.8.
Sample 1

Related to Buyer's Plugging Liability

  • Seller's Liability Seller shall remain liable for all Liability related to workers’ compensation, disability and occupational diseases of or with respect to all of Seller’s employees attributable to injuries, claims, conditions, events and occurrences occurring prior to the Closing Date, which Liability shall be a Retained Liability.

  • Limitation of Seller's Liability No general or limited partner of Seller, nor any of its respective beneficiaries, shareholders, partners, officers, agents, employees, heirs, successors or assigns shall have any personal liability of any kind or nature for or by reason of any matter or thing whatsoever under, in connection with, arising out of or in any way related to this Agreement and the transactions contemplated herein, and Purchaser hereby waives for itself and anyone who may claim by, through or under Purchaser any and all rights to sue or recover on account of any xxch alleged personal liability.

  • Liability Records The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

  • Excluded Liabilities Buyer shall not assume and shall not be responsible to pay, perform or discharge any of the following liabilities or obligations of Seller (collectively, the “Excluded Liabilities”):

  • Obligations of Seller at Closing At the Closing, upon the terms and subject to the conditions of this Agreement, and subject to the simultaneous performance by Purchaser of its obligations pursuant to Section 8.3, Seller shall deliver or cause to be delivered to Purchaser, among other things, the following:

  • Liability of Seller Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by Seller and the representations and warranties of Seller.

  • Conditions to Obligations of Buyer and Seller The obligations of Buyer and Seller to consummate the Closing are subject to the satisfaction of the following conditions:

  • Retained Liabilities The Retained Liabilities shall remain the sole responsibility of and shall be retained, paid, performed and discharged solely by Seller. “Retained Liabilities” shall mean every Liability of Seller other than the Assumed Liabilities, including:

  • Seller Obligations In connection with any offering under any Registration Statement under this Agreement:

  • Assumed Liabilities Subject to the terms and conditions set forth herein, Buyer shall assume and agree to pay, perform and discharge only the following Liabilities of Seller (collectively, the “Assumed Liabilities”), and no other Liabilities:

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