Filings, Notices and Certain Governmental Approvals. Promptly after Closing Buyer shall (a) record the Assignments of the Assets and all federal assignments executed at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, (b) send notices to vendors supplying goods and services for the Assets of the assignment of the Properties to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the Assignments of the Assets to Buyer and the designation of Buyer (if applicable), as the operator thereof and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Assets to Buyer and the assumption of the liabilities assumed by Buyer hereunder, that shall not have been obtained prior to Closing. Buyer obligates itself to take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including but not limited to, the posting of any and all bonds or other security that may be required in excess of any applicable or existing lease, pipeline or area-wide bond.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (W&t Offshore Inc), Purchase and Sale Agreement (Callon Petroleum Co), Purchase and Sale Agreement (Energy Partners LTD)
Filings, Notices and Certain Governmental Approvals. Promptly after Closing Closing, Buyer shall (a) record the Assignments of the Assets and all state/federal assignments executed at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, (b) send notices to vendors supplying goods and services for the Assets of the assignment of the Properties to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the Assignments Assignment of the Assets to Buyer and the designation of Buyer (if applicable), as the operator thereof and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Assets to Buyer and the assumption of the liabilities assumed by Buyer hereunder, that shall not have been obtained prior to Closing. Buyer obligates itself to take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including but not limited to, the posting of any and all bonds or other security that may be required in excess of any applicable or its existing lease, pipeline or area-wide bond.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc)
Filings, Notices and Certain Governmental Approvals. Promptly after Closing Closing, Buyer shall (a) record the Assignments Assignment of the Assets and Assets, all state/federal assignments and any lien releases related to the Assets executed or delivered at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, ; (b) send notices to vendors supplying goods and services for the Assets of the assignment of the Properties Assets to Buyer and, if applicable, the designation of Buyer as the operator thereof, of the operated Assets; (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the Assignments assignment of the Assets to Buyer and the designation of Buyer (if applicable), as the operator thereof of the operated Assets; and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Assets to Buyer and the assumption of the liabilities assumed by Buyer hereunderunder this Agreement, that shall have not have been obtained prior to Closing. Buyer obligates itself to shall take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including but not limited to, the posting of any and all bonds or other security that may be required in excess of any applicable or its existing lease, pipeline or area-wide bond.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp), Purchase and Sale Agreement (Linn Energy, LLC)
Filings, Notices and Certain Governmental Approvals. Promptly after Closing Buyer shall (a) record the Assignments of the Assets and all state/federal assignments executed at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, (b) send notices to vendors supplying goods and services for the Assets of the assignment of the Properties to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the Assignments Assignment of the Assets to Buyer and the designation of Buyer (if applicable), as the operator thereof and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Assets to Buyer and the assumption of the liabilities assumed by Buyer hereunder, that shall not have been obtained prior to Closing. Buyer obligates itself to take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including but not limited to, the posting of any and all bonds or other security that may be required in excess of any applicable or its existing lease, pipeline or area-wide bond.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Black Elk Energy Finance Corp.), Purchase and Sale Agreement (KCS Energy Inc)
Filings, Notices and Certain Governmental Approvals. Promptly after Closing Closing, Buyer shall (a) record the Assignments Assignment of the Assets and Assets, all state/federal assignments and any lien releases related to the Assets executed or delivered at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, ; (b) send notices to vendors supplying goods and services for the Assets of the assignment of the Properties Assets to Buyer and, if applicable, the designation of Buyer as the operator thereof, of the Assets; (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the Assignments assignment of the Assets to Buyer and the designation of Buyer (if applicable), as the operator thereof of the Assets; and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Assets to Buyer and the assumption of the liabilities assumed by Buyer hereunderunder this Agreement, that shall have not have been obtained prior to Closing. Buyer obligates itself to shall take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including but not limited to, the posting of any and all bonds or other security that may be required in excess of any applicable or its existing lease, pipeline or area-wide bond.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)