Common use of Filings, Notices and Certain Governmental Approvals Clause in Contracts

Filings, Notices and Certain Governmental Approvals. Promptly after Closing, Buyer shall (a) record the Assignments and all state/federal assignments executed at 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 Assets to Buyer, (c) actively pursue the approval of all applicable Governmental Authorities of the assignment of the Assets to Buyer and (d) actively pursue all other consents and approvals that may be required in connection with the (i) assignment of the Assets to Buyer and (ii) assumption of the Assumed Liabilities by Buyer hereunder, in each case, 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 existing bond.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (SM Energy Co), Purchase and Sale Agreement (SM Energy Co)

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Filings, Notices and Certain Governmental Approvals. Promptly after Closing, the Closing Buyer shall (a) record the Assignments and all state/federal assignments of state Leases executed at the Closing in all the records of the applicable real property records and/or, if applicable, all state or federal agenciesGovernmental Authority, (b) if applicable, send notices to vendors supplying goods and services for the Assets and to the operator of such Assets of the assignment of the such Assets to Buyer, (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the assignment of the Assets to Buyer and (d) actively pursue all other consents and approvals that may be required in connection with the (i) assignment of the Assets to Buyer and (ii) the assumption of the Assumed Liabilities assumed by Buyer hereunder, that, in each case, that shall not have been obtained prior to the 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 its existing lease, pipeline or area-wide bond.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Range Resources Corp)

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Filings, Notices and Certain Governmental Approvals. Promptly after Closing, the Closing Buyer shall (a) record the Assignments and all state/federal assignments of state Leases executed at the Closing in all the records of the applicable real property records and/or, if applicable, all state or federal agenciesGovernmental Authority, (b) if applicable, send notices to vendors supplying goods and services for the RTP Assets and to the operator of such RTP Assets of the assignment of the such RTP Assets to Buyer, (c) actively pursue the unconditional approval of all applicable Governmental Authorities of the assignment of the RTP Assets to Buyer and (d) actively pursue all other consents and approvals that may be required in connection with the (i) assignment of the RTP Assets to Buyer and (ii) the assumption of the Assumed Liabilities assumed by Buyer hereunder, that, in each case, that shall not have been obtained prior to the 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 its existing lease, pipeline or area-wide bond.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Range Resources Corp)

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