Common use of Removal of Signs Clause in Contracts

Removal of Signs. ExxonMobil may either remove its name and signs from the ExxonMobil-operated Interests and Property or require Buyer to do so for those Interests that it will operate. If ExxonMobil’s name or signs remain on the Property or Interests after ExxonMobil ceases to be Operator and Buyer has become Operator, Buyer must (a) remove any remaining signs and references to ExxonMobil promptly, but no later than the time required by applicable regulations or forty-five days after ExxonMobil ceases to be Operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as Operator of the Interests it operates, and (c) notify ExxonMobil of the removal and installation. ExxonMobil reserves a right of access to the Interests and Property after it ceases to be Operator to remove its signs and name from all Wxxxx, facilities, and Property, or to confirm that Buyer has done so for the Interests operated by Buyer. If ExxonMobil removes signs because Buyer has not done so, ExxonMobil will charge its costs to Buyer, and Buyer will pay the invoice within fifteen days of receipt.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Partners, LP)

AutoNDA by SimpleDocs

Removal of Signs. ExxonMobil may either remove its name and signs from the ExxonMobil-operated Interests and Property or require Buyer to do so for those Interests that it will operate. If ExxonMobil’s name or signs remain on the Property or Interests after ExxonMobil ceases to be Operator and Once Buyer has become Operator, Buyer must must: (a) remove any remaining signs and references to ExxonMobil from the Property or Interests promptly, but no later than the time required by applicable regulations or forty-five (45) days after ExxonMobil ceases to be Operator, whichever occurs first, ; (b) install signs complying with applicable governmental regulations, including signs showing Buyer as Operator of the Interests it operates, and ; and (c) notify ExxonMobil of the removal of signs and installationreferences to ExxonMobil and installation of new signs. ExxonMobil reserves a right of access to the Interests and Property after it ceases to be Operator to remove its signs and name from all WxxxxXxxxx, facilities, and Property, or to confirm that Buyer has done so for the Interests operated by Buyer. If ExxonMobil removes signs because Buyer has not done so, ExxonMobil will charge its costs to Buyer, and Buyer will pay the invoice within fifteen 15 days of receipt.

Appears in 1 contract

Samples: Purchase and Sale Agreement (W&t Offshore Inc)

Removal of Signs. ExxonMobil may either remove its name and signs from the ExxonMobil-operated Interests and Property or require Buyer to do so for those Interests that it will operate. If ExxonMobil’s name or signs remain on the Property or Interests after ExxonMobil ceases to be Operator and Buyer has become Operator, Buyer must (a) remove any remaining signs and references to ExxonMobil promptly, but no later than the time required by applicable regulations or forty-five days after ExxonMobil ceases to be Operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Buyer as Operator of the Interests it operates, and (c) notify ExxonMobil of the removal and installation. ExxonMobil reserves a right of access to the Interests and Property after it ceases to be Operator to remove its signs and name from all WxxxxXxxxx, facilities, and Property, or to confirm that Buyer has done so for the Interests operated by Buyer. If ExxonMobil removes signs because Buyer has not done so, ExxonMobil will charge its costs to Buyer, and Buyer will pay the invoice within fifteen days of receipt.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

AutoNDA by SimpleDocs

Removal of Signs. ExxonMobil may either remove its name and signs from the ExxonMobil-operated Interests and Property or require Buyer to do so for those Interests that it will operate. If ExxonMobil’s name or signs remain on the Property or Interests after ExxonMobil ceases to be Operator and Once Buyer has become Operator, Buyer must must: (a) remove any remaining signs and references to ExxonMobil from the Property or Interests promptly, but no later than the time required by applicable regulations or forty-five 60 days after ExxonMobil ceases to be Operator, whichever occurs first, ; (b) install signs complying with applicable governmental regulations, including signs showing Buyer as Operator of the Interests it operates, and ; and (c) notify ExxonMobil of the removal of signs and installationreferences to ExxonMobil and installation of new signs. ExxonMobil reserves a right of access to the Interests and Property after it ceases to be Operator to remove its signs and name from all Wxxxx, facilities, and Property, or to confirm that Buyer has done so for the Interests operated by Buyer. If ExxonMobil removes signs because Buyer has not done so, ExxonMobil will charge its costs to Buyer, and Buyer will pay the invoice within fifteen 15 days of receipt.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!