Common use of Remedies for Environmental Defects Clause in Contracts

Remedies for Environmental Defects. In the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) is not waived in writing by Buyer or cured on or before Closing, then, subject to Seller’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: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Exco Resources Inc)

AutoNDA by SimpleDocs

Remedies for Environmental Defects. In (a) Subject to the event that continuing right of Seller to dispute the existence of an asserted Environmental Defect and/or the asserted Environmental Defect Value and subject to the rights of the Parties under Section 15.01(f), if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, thenSeller shall, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect theretoat its sole option, the Parties shall mutually elect to:

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Remedies for Environmental Defects. In Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) is not waived in writing by Buyer or cured on or before Closing, thenSeller shall, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect theretoat its sole option, the Parties shall mutually elect to:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Houston Exploration Co), Purchase and Sale Agreement (Houston Exploration Co)

Remedies for Environmental Defects. In Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a6.1(a) is not waived in writing by Buyer or cured on or before Closingprior to the expiration of the Cure Period (an “Uncured Environmental Defect”), thenSeller shall, at its sole option, elect to, subject to Seller’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:Section 6.1(d):

Appears in 1 contract

Samples: Acquisition Agreement (Swift Energy Co)

Remedies for Environmental Defects. In (a)Subject to the event that continuing right of Sellers to dispute the existence of an asserted Environmental Defect and/or the asserted Environmental Defect Value and subject to the rights of the Parties under Section 13.01(g), if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, thenSellers shall, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect theretoat Sellers’ sole option, the Parties shall mutually elect to:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Remedies for Environmental Defects. In (a) Subject to the event that continuing right of the Sellers to dispute the existence of an asserted Environmental Defect or the asserted Environmental Defect Value and subject to the rights of the Parties under Section 13.01(f), if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, then, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties Sellers shall mutually elect to:

Appears in 1 contract

Samples: Membership Interest and Asset Purchase Agreement (Resolute Energy Corp)

Remedies for Environmental Defects. In (a) Subject to the event that continuing right of Seller to dispute the existence of an asserted Environmental Defect or the asserted Environmental Defect Value and subject to the rights of the Parties under Section 13.01(d), if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, then, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties shall mutually elect agree to:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

AutoNDA by SimpleDocs

Remedies for Environmental Defects. In (a) Subject to the event that continuing right of Seller to dispute the existence of an asserted Environmental Defect or the asserted Environmental Defect Value and subject to the rights of the Parties under Section 13.01(f), if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, thenSeller shall, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect theretoat its sole option, the Parties shall mutually elect to:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

Remedies for Environmental Defects. In Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, and subject to the rights of the Parties pursuant to Section 14.1(c), in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) is not waived in writing by Buyer or cured to Buyer’s reasonable satisfaction on or before Closing, then, subject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect theretoBuyer shall, the Parties shall mutually at its sole option, elect to:

Appears in 1 contract

Samples: Purchase and Sale Agreement (LSB Industries Inc)

Remedies for Environmental Defects. In Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(aArticle 13.1(a) is not waived in writing by Buyer or cured on or before Closing, thenSeller shall, subject at its sole option, elect to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties shall mutually elect toeither:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Black Elk Energy Finance Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.