Operator Liability Trust Clause Samples

Operator Liability Trust. (a) On or before the Close of Escrow, Seller and Buyer shall execute all documents necessary and obtain all approvals necessary to amend or replace the Operator Liability Trust Agreement, as identified on EXHIBIT F, to transfer all Seller's right, title, interest, and obligation pursuant to the Trust Agreement to Buyer, subject to the provisions of Paragraphs 3.2(b)-(f), and to substitute Buyer as grantor under such Trust Agreement.