Removal of Signs. Seller may either remove its name and signs from the Seller operated Assets and Property or require Purchaser to do so for those Assets that it will operate. If Seller's name or signs remain on the Property or Assets after Seller ceases to be operator and Purchaser has become operator, Purchaser must (a) remove any remaining signs and references to Seller promptly, but no later than the time required by applicable regulations or forty-five days after Seller ceases to be operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Purchaser as operator of the Assets its operates, and (c) notify Seller of the removal and installation. Seller reserves the right of access to the Assets and Property after its ceases to be operator to remove its signs and name from all Assets, Wellx, xxcilities, and Property, or to confirm that Purchaser has done so for the Assets operated by Purchaser. If Seller removes signs because Purchaser has not done so, Seller will charge its costs to Purchaser, and Purchaser will pay the invoice within fifteen days of receipt.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Pioneer Natural Resources Co), Purchase and Sale Agreement (Costilla Energy Inc), Purchase and Sale Agreement (Pioneer Natural Resources Co)
Removal of Signs. Seller may either remove its name and signs from the Seller Seller-operated Assets and Property or require Purchaser to do so for those Assets that it will operate. If Seller's name or signs remain on the Property or Assets after Seller ceases to be operator and Purchaser has become operator, Purchaser must (a) remove any remaining signs and references to Seller promptly, but no later than the time required by applicable regulations or forty-five days after Seller ceases to be operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Purchaser as operator of the Assets its it operates, and (c) notify Seller of the removal and installation. Seller reserves the a right of access to the Assets and Property after its it ceases to be operator to remove its signs and name from all Assets, Wellx, xxcilities, xxcilities and Property, or to confirm that Purchaser has done so for the Assets operated by Purchaser. If Seller removes signs because Purchaser has not done so, Seller will charge its costs to Purchaser, and Purchaser will pay the invoice within fifteen days of receipt.. Remainder of page intentionally left blank
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pioneer Natural Resources Co)
Removal of Signs. Seller may either remove its name and signs from the Seller Seller-operated Assets and Property or require Purchaser to do so for those Assets that it will operate. If Seller's name or signs remain on the Property or Assets after Seller ceases to be operator and Purchaser has become operator, Purchaser must (a) remove any remaining signs and references to Seller promptly, but no later than the time required by applicable regulations or forty-five days after Seller ceases to be operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Purchaser as operator of the Assets its it operates, and (c) notify Seller of the removal and installation. Seller reserves the a right of access to the Assets and Property after its it ceases to be operator to remove its signs and name from all AssetsWells, Wellx, xxcilities, facilities and Property, or to confirm that Purchaser has done so for xx xor the Assets operated by Purchaser. If Seller removes signs because Purchaser has not done so, Seller will charge its costs to Purchaser, and Purchaser will pay the invoice within fifteen days of receipt.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pioneer Natural Resources Co)
Removal of Signs. Seller may either remove its name and signs from the Seller Seller-operated Assets and Property or require Purchaser to do so for those Assets that it will operate. If Seller's ’s name or signs remain on the Property or Assets after Seller ceases to be operator and Purchaser has become operator, Purchaser must (a) remove any remaining signs and references to Seller promptly, but no later than the time required by applicable regulations or forty-five days after Seller ceases to be operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Purchaser as operator of the Assets its it operates, and (c) notify Seller of the removal and installation. Seller reserves the a right of access access, but not the obligation, to the Assets and Property after its it ceases to be operator to remove its signs and name from all AssetsWxxxx, Wellx, xxcilities, facilities and Property, or to confirm that Purchaser has done so for the Assets operated by Purchaser. If Seller removes signs because Purchaser has not done so, Seller will charge its costs to Purchaser, and Purchaser will pay the invoice within fifteen days of receipt.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Tetra Technologies Inc)
Removal of Signs. Seller may either remove its name and signs from the Seller Seller-operated Assets and Property or require Purchaser to do so for those Assets that it will operate. If Seller's name or signs remain on the Property or Assets after Seller ceases to be operator and Purchaser has become operator, Purchaser must (a) remove any remaining signs and references to Seller promptly, but no later than the time required by applicable regulations or forty-five days after Seller ceases to be operator, whichever occurs first, (b) install signs complying with applicable governmental regulations, including signs showing Purchaser as operator of the Assets its it operates, and (c) notify Seller of the removal and installation. Seller reserves the a right of access to the Assets and Property after its it ceases to be operator to remove its signs and name from all AssetsXxxxx, Wellx, xxcilities, facilities and Property, or to confirm that Purchaser has done so for the Assets operated by Purchaser. If Seller removes signs because Purchaser has not done so, Seller will charge its costs to Purchaser, and Purchaser will pay the invoice within fifteen days of receipt.. Remainder of page intentionally left blank
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prize Energy Resources Lp)