Plugging Xxxxx Sample Clauses

Plugging Xxxxx. The operator of any well shall properly plug all xxxxx drilled by it on the Unitized Area and either not capable of or no longer capable of producing oil or gas in as a Commercial Producer. The operator shall restore the surface of the land around any plugged well as might be required under any applicable lease or recorded agreement. The operator of any well shall comply with all statutory requirements and governmental rules and regulations in effect at the time of the plugging of any well and agrees to fully defend, protect, indemnify and hold the other party harmless from and against each and every claim, demand or cause of action and expense or liability arising from the operator's failure to plug or properly plug any well or restore the surface.
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Plugging Xxxxx. Buyer agrees and covenants that upon consummation of the Closing, Buyer shall perform and assume all liability for the necessary and proper plugging and abandonment of all Xxxxx and all associated surface restoration and reclamation required by law or the Leases (subject to Sections 7.1(r) and (s)).
Sample 1
Plugging Xxxxx. Xxxxx agrees and covenants that upon consummation of the Closing, Xxxxx shall perform and assume all liability for the necessary and proper plugging and abandonment of all Xxxxx and all associated surface restoration and reclamation required by law or the Leases (subject to Sections 7.1(r) and (s)).
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Related to Plugging Xxxxx

  • Xxxxxxx, 265 Cal App. 2d 40 (1968). By executing this Guaranty, Holdings freely, irrevocably, and unconditionally: (i) waives and relinquishes that defense and agrees that Holdings will be fully liable under this Guaranty even though the Secured Parties may foreclose, either by judicial foreclosure or by exercise of power of sale, any deed of trust securing the Obligations; (ii) agrees that Holdings will not assert that defense in any action or proceeding which the Secured Parties may commence to enforce this Guaranty; (iii) acknowledges and agrees that the rights and defenses waived by Holdings in this Guaranty include any right or defense that Holdings may have or be entitled to assert based upon or arising out of any one or more of §§ 580a, 580b, 580d, or 726 of the California Code of Civil Procedure or § 2848 of the California Civil Code; and (iv) acknowledges and agrees that the Secured Parties are relying on this waiver in creating the Obligations, and that this waiver is a material part of the consideration which the Secured Parties are receiving for creating the Obligations.

  • /s/ Xxxxxx X Xxxxx ------------------- ..................

  • /s/ Xxxxx X Xxxx ------------------ ..................

  • Xxxx-Xxxxx-Xxxxxx Act The waiting period (and any extension thereof) applicable to the consummation of the transactions contemplated hereby under the HSR Act shall have expired or been terminated.

  • Xxxx-Xxxxx-Xxxxxx Notwithstanding any other provision in this Agreement, in the event the Xxxx Xxxxx Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the distribution of any assets of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.

  • Sxxxxxxx-Xxxxx Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated in connection therewith (the “Sxxxxxxx-Xxxxx Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.

  • Xxxx Xxxxx Where the parties cannot agree on an arbitrator, one of the above named will be chosen at random.

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