Common use of Casualty Loss; Condemnation Clause in Contracts

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Well, the collapse of casing, sand infiltration of Xxxxx, and the depreciation of personal property.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Bill Barrett Corp)

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Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxxxxxx, and the depreciation of personal property.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (St Mary Land & Exploration Co), Purchase and Sale Agreement (St Mary Land & Exploration Co)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer Purchaser shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxxxxxx, and the depreciation of personal property.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from the date of this Agreement until and after the Effective TimeClosing Date, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxxxxxx, and the depreciation and/or deterioration of personal property.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Callon Petroleum Co), Purchase and Sale Agreement (Gulfport Energy Corp)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxxxxxx, and the depreciation and/or deterioration of personal property.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD), Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxwells, and the depreciation of personal property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Abraxas Petroleum Corp)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxwxxxx, and the depreciation of personal property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)

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Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Wellwell, the collapse of casing, sand infiltration of Xxxxxwxxxx, and the depreciation of personal property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)

Casualty Loss; Condemnation. (ar) Except as otherwise provided in this Agreement, Buyer shall assume all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Well, the collapse of casing, sand infiltration of Xxxxx, and the depreciation of personal property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Casualty Loss; Condemnation. (a) Except as otherwise provided in this Agreement, each Buyer shall assume such Buyer’s Proportionate Share of all risk of loss with respect to, and any change in the condition of, the Assets from and after the Effective Time, including with respect to the depletion of Hydrocarbons, the watering-out of any Well, the collapse of casing, sand infiltration of XxxxxWxxxx, and the depreciation of personal property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

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