Common use of Plugging and Abandonment Obligations Clause in Contracts

Plugging and Abandonment Obligations. Upon and after Closing but subject to Buyer’s remedies for a breach of Seller’s representation and warranty set forth in Section 6.01(y), Buyer shall cause the Target Entities to retain full responsibility and liability for their proportionate share of the following plugging and abandonment obligations related to the Assets (the “Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before or after the Effective Time: (i) the proper plugging, replugging and abandonment of all xxxxx located on or unitized with the Assets, whether drilled, plugged and abandoned before or after the Effective Time; (ii) the proper decommissioning, removal, abandonment, and disposal of all structures, pipelines, facilities, equipment, abandoned Assets, junk and other personal property located on or comprising any part of the Assets; (iii) the proper capping and burying and removal of all associated flow lines located on or comprising any part of the Assets, in compliance with the terms of the Leases, Permits, Surface Leases, applicable laws, regulations, orders, contracts and/or Plans; (iv) the proper restoration of the Assets, both surface and subsurface, to the condition they were in before commencement of operations on the Leases, in compliance with the terms of the Leases, Permits, Surface Leases, applicable laws, regulations, orders, contracts and/or Plans; (v) any necessary clean-up or disposal of any part of the Assets contaminated by NORM; (vi) all obligations arising from the Assets, the Plans, contractual requirements and demands made by Governmental Authorities or parties claiming a vested interest in any part of the Assets; and (vii) obtaining and maintaining all bonds and securities, including supplemental or additional bonds or other securities, that may be required by a Lease, Permit, Surface Lease, contract or by Governmental Authorities.

Plugging and Abandonment Obligations. Upon and after Closing but the Closing, subject to BuyerPurchaser’s remedies for a breach of Seller’s representation and warranty set forth in indemnity rights under Section 6.01(y)10.8, Buyer shall cause the Target Entities to retain Purchaser assumes full responsibility and liability for their proportionate share of the following plugging and abandonment obligations related to the Assets (the “Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before or after the Effective Time: (ia) the The necessary and proper plugging, replugging and abandonment of all xxxxx located on or unitized with the Assets, whether drilled, plugged and abandoned before or after the Effective Time; (iib) the The necessary and proper decommissioning, removal, abandonment, and disposal of all structures, pipelines, facilities, equipment, abandoned Assetsassets, junk and other personal property located on or comprising any part of the Assets; (iiic) the The necessary and proper capping and burying and removal of all associated flow lines located on or comprising any part of the Assets, in compliance with to the terms of extent required by applicable Laws, the Leases, Permitsthe Contracts, Surface Leases, applicable laws, regulations, orders, contracts and/or Plansor other agreements; (ivd) the The necessary and proper restoration and reclamation of the Assets, both surface and subsurface, to the condition they were in before commencement of operations on operations, to the extent required by applicable Laws, the Leases, in compliance with the terms of the LeasesContracts, Permits, Surface Leases, applicable laws, regulations, orders, contracts and/or Plansor any other agreements; (ve) any Any necessary clean-up or disposal of any part of the Assets contaminated by Hazardous Materials, NORM, asbestos containing materials, lead based paint or any other substances or materials considered to be hazardous under Laws, including Environmental Laws, and Laws relating to the protection of natural resources; (vif) all All obligations arising from the Assets, the Plans, contractual requirements and demands made by Governmental Authorities or parties claiming a vested interest in any part of the Assets; and (viig) obtaining Obtaining and maintaining all bonds and securities, including supplemental or additional bonds or other securities, that may be required by a Lease, Permit, Surface Lease, contract or by Governmental Authorities. Purchaser shall conduct all Plugging and Abandonment Obligations and all other operations with respect to the Assets in a good and workmanlike manner and in compliance with all Laws, including Environmental Laws and Laws (now or hereafter in effect) relating to the protection of natural resources.

Plugging and Abandonment Obligations. Upon and after Closing but subject to (a) Buyer’s remedies for a breach of Seller’s representation Obligations. Except as to those matters described on Schedule 5.14, and warranty set forth in Section 6.01(y)provided Closing occurs, Buyer shall cause the Target Entities to retain assumes full responsibility and liability for their proportionate share of the following plugging and abandonment obligations related to the Assets (the “Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before or after the Effective Time: (i) the The necessary and proper plugging, replugging replugging, and abandonment of all xxxxx located Xxxxx on or unitized with the Assets, whether drilled, plugged and abandoned before or after the Effective TimeTime in compliance with applicable Laws and the terms of the Leases; (ii) the The necessary and proper decommissioning, removal, abandonment, and disposal of all structures, pipelines, facilities, equipment, abandoned Assets, junk junk, and other personal property located on or comprising any part of the AssetsAssets in compliance with applicable Laws and the terms of the Leases; (iii) the The necessary and proper capping and burying and removal of all associated flow lines located on or comprising any part of the Assets, in compliance with to the terms of extent required by applicable Laws, the Leases, Permitsthe Contracts, Surface Leases, applicable laws, regulations, orders, contracts and/or Plansor other agreements; (iv) the The necessary and proper restoration of the Assets, both surface and subsurface, to the condition they were in before commencement of operations on compliance with any applicable Laws, the Leases, in compliance with the terms of Surface Agreements, the LeasesContracts, Permits, Surface Leases, or any other applicable laws, regulations, orders, contracts and/or Plansagreements; (v) To the extent not addressed by operation of ARTICLE 4, any necessary clean-up or disposal of any part of the Assets contaminated by NORM, asbestos containing materials, lead based paint, or any other substances or materials considered to be hazardous under Laws, including Environmental Laws, and Laws relating to the protection of natural resources; (vi) all All obligations arising from the Assets, the Plans, contractual requirements and demands made by Governmental Authorities or parties claiming a vested interest in any part of the Assets; and (vii) obtaining Obtaining and maintaining all bonds and securities, including supplemental or additional bonds or other securities, that may be required by a Lease, Permit, Surface Lease, contract or by Governmental Authorities.

Plugging and Abandonment Obligations. Upon and after Closing but subject to Buyer’s remedies for a breach of Seller’s representation and warranty set forth in Section 6.01(y)Closing, Buyer shall cause the Target Entities to retain assumes full responsibility and liability for their proportionate share of the following all plugging and abandonment obligations related to the Assets (the “Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before before, on or after the Effective TimeDate and regardless of whether resulting from any acts or omissions of the Sellers (INCLUDING THOSE ARISING FROM THE SELLERS’ SOLE, JOINT, CONCURRENT OR COMPARATIVE NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT) or the condition of the Assets when acquired, including the following: (ia) the necessary and proper plugging, replugging replugging, abandonment and abandonment decommissioning of all xxxxx located on or unitized with of the AssetsXxxxx, whether drilled, plugged and abandoned before before, on or after the Effective TimeDate; (iib) the necessary and proper decommissioning, removal, abandonment, and disposal of all structures, pipelines, facilities, equipment, abandoned Assets, property and junk and other personal property located on or comprising any part of the Assets; (iiic) the necessary and proper capping and burying and removal of all associated flow lines located on or comprising any part of the Assets, in compliance associated with the terms of the Leases, Permits, Surface Leases, applicable laws, regulations, orders, contracts and/or PlansXxxxx; (ivd) the necessary and proper restoration of the Assets, both surface and subsurface, to the condition they were in before commencement of operations on the Leases, in compliance with the terms of the Leases, Permits, Surface Leases, as may be required by applicable laws, regulations, orders, contracts and/or PlansLaw or Contract; (ve) any necessary clean-up or disposal of any part of the Assets contaminated by naturally occurring radioactive material (“NORM”), as may be required by applicable Laws or Contract; (vif) all obligations arising from the Assets, the Plans, contractual requirements and demands made by Governmental Authorities courts, authorized regulatory bodies or parties claiming a vested interest in any part of the Assets; and (viig) obtaining and maintaining all bonds and securitiesbonds, including or supplemental or additional bonds or other securitiesbonds, that may be required by a Lease, Permit, Surface Lease, contract Contract or by Governmental Authorities. Buyer shall conduct all plugging, replugging, abandonment, removal, disposal and restoration operations in a good and workmanlike manner and in compliance with all applicable Laws.