Common use of EMERGENCIES AND OVERSIGHTS Clause in Contracts

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of this Article IX, (a) Seller, Southeast and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of -------------------------- this Article IX, (a) Seller, Southeast Grande and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of this Article IX, (a) Seller, Southeast Reserves LLC and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of this Article IX, (a) Seller, Southeast Grande and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of this Article IX, (a) Seller, Southeast the Subsidiaries and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of -------------------------- this Article IX, (a) Seller, Southeast Reserves LLC and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions -------------------------- of this Article IX, (a) Seller, Southeast the Subsidiaries and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.

EMERGENCIES AND OVERSIGHTS. Notwithstanding the other provisions of -------------------------- this Article IX, (a) Seller, Southeast and/or the Partnership may take any action with respect to the Operating Assets without penalty, if reasonably necessary under emergency circumstances or if required to protect life, public safety or the environment, and provided Buyer is notified as soon thereafter as reasonably practical, and (b) Seller shall have no liability to Buyer for the loss or reduction of any rights or interests by reason of the nonpayment or incorrect payment of delay rentals, royalties, shut-in royalties or similar payments or for any failure to pay any such payments through mistake or oversight; provided, however, Buyer shall be permitted to assert the items in this clause (b) as Title Defects under Article VI.