Obligations of Seller and Purchaser. Seller and Purchaser hereby agree (i) to provide to the Reporting Person all information and certifications regarding such party, as reasonably requested by the Reporting Person or otherwise required to be provided by a party to the transaction described herein under Section 6045 of the Code; (ii) to provide to the Reporting Person such party’s taxpayer identification number and a statement (on Internal Revenue Service Form W-9 or an acceptable substitute form, or on any other form the applicable current or future Code sections and regulations might require and/or any form requested by the Reporting Person), signed under penalties of perjury, stating that the taxpayer identification number supplied by such party to the Reporting Person is correct; and (iii) to retain this Agreement for not less than four (4) years from the end of the calendar year in which the Closing occurred, and to produce it to the Internal Revenue Service upon a valid request therefore.
Obligations of Seller and Purchaser. (a) Purchaser agrees to reimburse Seller for the value of any and all merchantable stock tank oil and/or condensate produced and saved as of 7:00 a.m. on the Effective Date hereof, at the prevailing market value, adjusted for grade and gravity. At 7:00 a.m. on the Effective Date hereof, Purchaser and Seller shall make a joint gas sales meter reading and a joint oil and/or condensate sales gauge reading. If Purchaser does not participate in such readings,
Obligations of Seller and Purchaser. Seller's Parent agrees to take all actions necessary to cause Seller to perform its obligations under this Agreement and to guarantee the obligations of Seller hereunder. Purchaser's Parent agrees to take all actions necessary to cause each of Purchaser and UK Purchaser to perform its obligations under this Agreement and to guarantee the obligations of Purchaser and UK Purchaser hereunder.
Obligations of Seller and Purchaser. The obligations of Seller and Purchaser hereunder shall be subject to the satisfaction or written waiver on or prior to the Closing Date of the following conditions:
Obligations of Seller and Purchaser. (a) Each of Seller reserves and retains its respective claims and accounts for recovery of money or damages, rights to insurance and indemnity coverage, rights to tax refunds, claims of Seller of whatsoever kind under Contracts, and audit rights, if any, and adjustments resulting therefrom attributable to the Subject Assets with respect to any period prior to the Effective Date. Purchaser shall assume all risk and liability of whatsoever nature connected with operations conducted on the Subject Assets both before and after the Effective Date, and agrees to release, indemnify, defend and hold Seller harmless from all liabilities, penalties, claims, causes of action, demands, lawsuits, and expenses associated with the operations both before and after the Effective Date and as to all other claims or causes of action asserted.
Obligations of Seller and Purchaser. (a) For purposes of determining adjustments to the Purchase Price under Article I(d) hereof, Purchaser agrees to accept the gas sales and oil and condensate sales meter readings taken in good faith by Seller as of 7:00 o'clock A.M. on the Effective Date hereof.
