Common use of – Xxxxxxx, Post-Closure and Monitoring Activities Clause in Contracts

– Xxxxxxx, Post-Closure and Monitoring Activities. 11.1 Upon the termination of this Agreement (for purposes of Injection) or upon release of specific acreage (and then only as to that released acreage), at its sole cost and expense, Operator shall close the Facilities in conformity with any and all Applicable Law(s), Applicable Procedure(s) and this Agreement (including, without limitation, the Restoration Obligations) regarding closure and post-closure. Operator has the continuing right to use the Property under this Agreement to perform its closure and post-closure activities (including any monitoring of the Storage Reservoirs) following termination of this Agreement or a release of acreage. 11.2 Operator shall cause to remain in full force and effect the insurance coverage required by Article 6 and any bond required pursuant to Section 7.2 until such time as the action contemplated by Section 11.1 shall be completed.

Appears in 5 contracts

Samples: Carbon Dioxide Storage Agreement, Carbon Dioxide Storage Agreement, Carbon Dioxide Storage Agreement

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