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 of the Gas Properties executed at the Closing in all applicable real property records, (b) send notices to vendors supplying goods and services for the Properties of the assignment of the Gas Properties to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval by the Bureau of Land Management, the State of Wyoming, and all other applicable governmental authorities of the assignment of the Gas Properties to Buyer and the designation of Buyer as the operator thereof, and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Gas Properties to Buyer, and the assumption of the liabilities assumed by Buyer hereunder, and that shall not have been obtained prior to Closing. Buyer obligates itself to take any and all action required by the Bureau of Land Management, the State of Wyoming, or any other regulatory agency 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 its existing lease, pipeline or area-wide bond.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Us Energy Corp), Purchase and Sale Agreement (Crested Corp)

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Filings, Notices and Certain Governmental Approvals. Promptly after ----------------------------------------------------- ---------------------------------------------------- Closing Buyer shall (a) record the assignments of the Gas Properties executed at the Closing in all applicable real property records, (b) send notices to vendors supplying goods and services for the Properties of the assignment of the Gas Properties to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval by the Bureau of Land Management, the State of Wyoming, and all other applicable governmental authorities of the assignment of the Gas Properties to Buyer and the designation of Buyer as the operator thereof, and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Gas Properties to Buyer, and the assumption of the liabilities assumed by Buyer hereunder, and that shall not have been obtained prior to Closing. Buyer obligates itself to take any and all action required by the Bureau of Land Management, the State of Wyoming, or any other regulatory agency 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 its existing lease, pipeline or area-wide bond.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Us Energy Corp)

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Filings, Notices and Certain Governmental Approvals. Promptly after ----------------------------------------------------- Closing Closing, Buyer shall shall: (a) record the Assignment relating to the Assets and all state/federal assignments of the Gas Properties executed at the Closing in all applicable real property recordsrecords and/or, if applicable, all state or federal agencies, (b) if applicable, send notices to vendors supplying goods and services for the Properties Assets of the assignment of the Gas Properties Assets to Buyer and, if applicable, the designation of Buyer as the operator thereof, (c) actively pursue the unconditional approval by the Bureau of Land Management, the State of Wyoming, and all other applicable governmental authorities Governmental Authorities of the assignment of the Gas Properties Assets to Buyer and and, if applicable, the designation of Buyer as the operator thereof, thereof and (d) actively pursue all other consents and approvals that may be reasonably required in connection with the assignment of the Gas Properties Assets to Buyer, Buyer and the assumption of the liabilities Liabilities assumed by Buyer hereunder, and that shall will not have been obtained prior to Closing. Buyer obligates itself to take any and all action reasonably required of it by the Bureau of Land Management, the State of Wyoming, or any other regulatory agency 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 its existing lease, pipeline or area-wide bond.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Silverbow Resources, Inc.)

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