Non-Operator's Obligations. Buyer assumes full responsibility and liability for Buyer's Assumed Obligations without regard to whether the obligation (i) relates to an Asset as to which Buyer is not the duly elected operator or which is a non-operating interest or (ii) relates to a period of time during which Seller was not the owner or operator of the Asset.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Energy Partners LTD), Purchase and Sale Agreement (Energy Partners LTD)
Non-Operator's Obligations. With respect to (i) any part of the Assets for which Buyer assumes is not duly elected operator, or (ii) any non-operated interests in the Assets, Buyer shall assume full responsibility and liability for Buyer's Assumed Obligations without regard with respect to whether the obligation (i) relates to an Asset as to which Buyer is not the duly elected operator or which is a non-operating interest or (ii) relates to a period of time during which Seller was not the owner or operator of the Assetoperated interests being conveyed and assigned under this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Houston Exploration Co)
Non-Operator's Obligations. With respect to any non-operated interests in the Assets, Buyer assumes shall assume full responsibility and liability liability, from and after the Effective Time, for Buyer's the Assumed Plugging and Abandonment Obligations without regard with respect to whether the obligation (i) relates to an Asset as to which Buyer is not the duly elected operator or which is a non-operating interest or (ii) relates to a period of time during which Seller was not the owner or operator of the Assetoperated interests being conveyed and assigned under this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Houston Exploration Co)