Common use of Obligations and Liabilities of Nation upon Withdrawal Clause in Contracts

Obligations and Liabilities of Nation upon Withdrawal. Nation shall, following its notification of withdrawal, remain liable only for its share of the following: (i) all Work Program Expenses coming due before the effective date of the withdrawal; (ii) all costs and expenses associated with a fire, blow out, loss of well control, act of sabotage or vandalism, or other emergency occurring prior to the effective date of the withdrawal, without regard to when such costs are actually incurred; and (iii) all other obligations and liabilities of Nation with respect to acts or omissions under this Agreement prior to the effective date of the withdrawal for which Nation would have been liable, had it not withdrawn from this Agreement.