Common use of Removal of Signs and Markers Clause in Contracts

Removal of Signs and Markers. Seller may either remove its name and signs from the Seller-operated Xxxxx, facilities and Personal Property or require Buyer, at Buyer’s cost, to do so for those Assets that Buyer will operate. If Seller’s name or signs remain on the Assets after Seller ceases to be operator and Buyer has become operator, Buyer shall (a) remove any remaining signs and references to Seller within 45 days after Seller ceases to be operator or such earlier time as may be required by applicable regulations, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as operator of the Assets it operates, and (c) notify Seller of the removal and installation. Seller reserves a right of access to the Assets after it ceases to be operator to remove its signs and name from all Xxxxx, facilities and Personal Property, or to confirm that Buyer has done so for the Assets operated by Buyer. If Seller removes signs because Buyer has not done so, Seller will charge its costs to Buyer either in the applicable Final Settlement Statement or by separate invoice, which Buyer agrees to pay within 15 days after receipt thereof.

Appears in 2 contracts

Samples: Asset Sale Agreement (Xto Energy Inc), Asset Sale Agreement (Resolute Energy Corp)

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Removal of Signs and Markers. Seller may either remove its name and signs from the Seller-operated Xxxxx, facilities and Personal Property or require Buyer, at Buyer’s cost, to do so for those Assets that Buyer will operate. If Seller’s name or signs remain on the Assets after Seller ceases to be operator and Buyer has become operator, Buyer shall (a) remove any remaining signs and references to Seller within 45 forty-five (45) days after Seller ceases to be operator or such earlier time as may be required by applicable regulations, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as operator of the Assets it operates, and (c) notify Seller of the removal and installation. Seller reserves a right of access to the Assets after it ceases to be operator to remove its signs and name from all Xxxxx, facilities and Personal Property, or to confirm that Buyer has done so for the Assets operated by Buyer. If Seller removes signs because Buyer has not done so, Seller will charge its costs to Buyer either in through the applicable Final Settlement Statement or by separate invoice, which Buyer agrees to pay within 15 fifteen (15) days after receipt thereofof receipt.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Removal of Signs and Markers. Seller may either remove its name and signs from the Seller-operated XxxxxWxxxx, facilities and Personal Property or require Buyer, at Buyer’s cost, to do so for those Assets that Buyer will operate. If Seller’s name or signs remain on the Assets after Seller ceases to be operator and Buyer has become operator, Buyer shall (a) remove any remaining signs and references to Seller within 45 days after Seller ceases to be operator or such earlier time as may be required by applicable regulations, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as operator of the Assets it operates, and (c) notify Seller of the removal and installation. Seller reserves a right of access to the Assets after it ceases to be operator to remove its signs and name from all XxxxxWxxxx, facilities and Personal Property, or to confirm that Buyer has done so for the Assets operated by Buyer. If Seller removes signs because Buyer has not done so, Seller will charge its costs to Buyer either in the applicable Final Settlement Statement or by separate invoice, which Buyer agrees to pay within 15 days after receipt thereof.

Appears in 1 contract

Samples: Asset Sale Agreement (Resolute Energy Partners, LP)

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Removal of Signs and Markers. Seller may either remove its name and signs from the Seller-operated XxxxxWxxxx, facilities and Personal Property or require Buyer, at Buyer’s cost, to do so for those Assets that Buyer will operate. If Seller’s name or signs remain on the Assets after Seller ceases to be operator and Buyer has become operator, Buyer shall (a) remove any remaining signs and references to Seller within 45 forty-five (45) days after Seller ceases to be operator or such earlier time as may be required by applicable regulations, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as operator of the Assets it operates, and (c) notify Seller of the removal and installation. , Seller reserves a right of access to the Assets after it ceases to be operator to remove its signs and name from all XxxxxWxxxx, facilities and Personal Property, or to confirm conform that Buyer has done so for the Assets operated by Buyer. If Seller removes signs because Buyer has not done so, Seller will charge its costs to Buyer either in the applicable Final Settlement Statement or by separate invoice, which Buyer agrees to pay within 15 days after receipt thereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Comstock Resources Inc)

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