Sellers Obligations After the Closing. Preservation of Goodwill
Sellers Obligations After the Closing. Preservation of Goodwill 8.01. Following the Closing Date, Seller will restrict its activities so that Purchaser’s reasonable expectations with respect to the goodwill, business reputation, employee relations, and prospects connected with the assets and properties purchased under this Agreement will not be materially impaired. Change of Name
Sellers Obligations After the Closing. Seller shall furnish Buyer, upon request, with all information concerning the Company reasonably required for inclusion in any report, filing or application made by Buyer with any Governmental Body in connection with the transactions contemplated by this Agreement; provided, however, that the foregoing requirement shall only apply to information maintained and readily available to Seller in the form so maintained and Seller shall have no obligation hereunder to compile, summarize or otherwise modify any such information.
Sellers Obligations After the Closing. PRESERVATION OF GOODWILL
Sellers Obligations After the Closing. After the Closing, Seller will retain responsibility for (a) the payment of all operating expenses and capital expenditures related to the Assets and attributable to Seller’s ownership and/or its operation of the Assets prior to the Effective Time, (b) severance, ad valorem, production, property, personal property, and similar Taxes measured by the value of the Assets or measured by the production of Hydrocarbons attributable to all periods during which Seller owned the Assets prior to the Effective Time, (c) the payment of all broker’s and finder’s fees in connection with the transactions contemplated by this Agreement, (d) the obligations, liabilities, and duties of Seller relating to or with respect to its ownership and/or operation of the Assets that are attributable to Seller’s period of ownership of the Assets prior to the Effective Time other than the Plugging and Abandonment Obligations and the Environmental Obligations, (e) any liability of Seller for the personal injury or death of an individual or property damage that arises from operations related to the Assets during Seller’s period of ownership prior to the Effective Time, but excluding any liability for the Plugging and Abandonment Obligation, (f) any Breach of the representations set forth in Sections 5.01, 5.02, and 5.03, and (g) Seller’s proportionate share of any third party Claims with respect to the payment of royalties, overriding royalties, production payments, net profit payments, or other payments required by the Leases or the Contracts that accrued during Seller’s period of ownership of the Leases and Contracts prior to the Effective Time (collectively the “Retained Obligations”).
Sellers Obligations After the Closing. REMOVAL OF PROPERTY
Sellers Obligations After the Closing
