Common use of Remedies for Environmental Defects Clause in Contracts

Remedies for Environmental Defects. (i) In the event that any Pre-Closing Environmental Defect timely asserted by BG in accordance with Section 12.1(a) is not waived in writing by BG or cured on or before Closing, then, subject to EXCO’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties shall mutually elect to:

Appears in 3 contracts

Samples: Membership Interest Transfer Agreement, Membership Interest Transfer Agreement, Membership Interest Transfer Agreement (Exco Resources Inc)

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Remedies for Environmental Defects. (i) In the event that any Pre-Closing Environmental Defect timely asserted by BG in accordance with Section 12.1(a) is not waived in writing by BG or cured on or before Closing, then, subject to EXCO’s continuing right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties shall mutually elect to:

Appears in 1 contract

Samples: Contribution Agreement (Exco Resources Inc)

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