Common use of Third Party Notifications Clause in Contracts

Third Party Notifications. Buyer shall make all notifications to all Governmental Authorities and similar groups associated with the Assets as soon as practicable before Closing. A copy of all such notifications shall be promptly provided to Seller pursuant to the notice provisions contained in Article 17 hereof. On or before Closing (or at such other time as may be mutually agreed by Buyer and Seller), Buyer shall post, or cause to be posted, all bonds, required by any Governmental Authority or other body to own and operate the Assets. From and after the Closing, Buyer shall provide any documentation reasonably requested by Seller to facilitate the release of Seller’s bonds with respect to the Assets. Seller agrees to cooperate with Buyer to assist Buyer with respect to posting such bonds.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp), Purchase and Sale Agreement (Magnum Hunter Resources Corp)

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Third Party Notifications. Buyer shall make all notifications to all Governmental Authorities and similar groups associated with the Assets as soon as practicable before Closing. A copy of all such notifications shall be promptly provided to Seller pursuant to the notice provisions contained in Article 17 hereof. On or before Closing (or at such other time as may be mutually agreed by Buyer Xxxxx and Seller), Buyer shall post, or cause to be posted, all bonds, required by any Governmental Authority or other body to own and operate the Assets. From and after the Closing, Buyer shall provide any documentation reasonably requested by Seller to facilitate the release of Seller’s bonds with respect to the Assets. Seller Xxxxxx agrees to cooperate with Buyer Xxxxx to assist Buyer Xxxxx with respect to posting such bonds.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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