Delivery of Evidence of Bonds. At or prior to Closing, Buyer shall deliver to Seller evidence of the posting of surety instruments, bonds, letters of credit, or guarantees with the applicable Governmental Authority meeting the requirements of such Governmental Authority to own and operate the Assets.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Earthstone Energy Inc)
Delivery of Evidence of Bonds. At or prior to Closing, except to the extent customarily provided post-Closing, Buyer shall deliver to Seller evidence of the posting of surety instruments, bonds, letters of credit, or guarantees with the applicable Governmental Authority meeting the requirements of such Governmental Authority to own and operate the AssetsAssets or evidence that such replacement bonds, letters of credit, or guarantees that Buyer has previously posted with such Governmental Authorities are adequate to secure the release of the Seller Bonds.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Centennial Resource Development, Inc.)
Delivery of Evidence of Bonds. At or prior to Closing, Buyer shall deliver to Seller evidence of the posting of surety instruments, bonds, letters of credit, or guarantees with the applicable Governmental Authority meeting the requirements of such Governmental Authority to own and operate the AssetsAssets or evidence that such replacement bonds, letters of credit, or guarantees that Buyer has previously posted with such Governmental Authorities are adequate to secure the release of the Seller Bonds.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Earthstone Energy Inc)
Delivery of Evidence of Bonds. At or prior to Closing, Buyer shall deliver to Seller OpCo evidence of the posting of surety instruments, bonds, letters of credit, or guarantees with the applicable Governmental Authority meeting the requirements of such Governmental Authority to own and operate the AssetsAssets or evidence that such replacement bonds, letters of credit, or guarantees that Buyer has previously posted with such Governmental Authorities are adequate to secure the release of the Seller Bonds.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Earthstone Energy Inc)