Abandonment and Reclamation Obligations definition

Abandonment and Reclamation Obligations means all past, present and future obligations to:

Abandonment and Reclamation Obligations means all obligations to: (i) abandon the Xxxxx and restore and reclaim the surface sites thereof, to decommission and remove the facilities and equipment comprised in the Tangibles, and restore and reclaim the surface sites thereof; and (ii) reclaim and restore the lands to which the surface rights relate (including the removal of all tailings ponds and the remediation of all associated and affected sites); all in accordance with good oil-and-gas-field practices, and in compliance with the Regulations;

Abandonment and Reclamation Obligations means all past, present and future obligations under Contracts, Applicable Laws, equity or common law to:

Examples of Abandonment and Reclamation Obligations in a sentence

• Without restricting the generality of the foregoing, Purchaser shall be responsible for all Environmental Liabilities and Abandonment and Reclamation Obligations (whether such Environmental Liabilities and all Abandonment and Reclamation Obligations occur or accrue prior to, on or after the Closing Time) in respect of the Lands, Xxxxx and Facilities.

• Purchaser further acknowledges and agrees that it shall not be entitled to any rights or remedies as against Vendor or its Representatives, or their respective successors and assigns under the common law or statute pertaining to any Environmental Liabilities and Abandonment and Reclamation Obligations, including the right to name any or all of Vendor, its Representatives, and their respective successors and assigns as a 'third party' to any action commenced by any Person against Purchaser.

• Once Closing has occurred, Purchaser shall be solely responsible for all Environmental Liabilities and all Abandonment and Reclamation Obligations both to Third Parties and as between Vendor and Purchaser (whether such Environmental Liabilities and Abandonment and Reclamation Obligations occur or accrue prior to, on or after the Closing Time), and hereby releases Vendor from any Claims Purchaser may have against Vendor with respect to all such liabilities and responsibilities.

• The Parties hereby acknowledge and agree that the Purchase Price set forth in this Section 2.2 accurately reflects and takes into proper account both the positive value of all of the Assets as well as the offsetting reductions in value for the Environmental Liabilities and Abandonment and Reclamation Obligations associated therewith and the absolute release of Quattro and Vendor of all and any responsibility or liability therefor.

• Xxxxx acknowledges and agrees that it shall not be entitled to any rights or remedies as against Seller or Court Officer under common law or statute pertaining to any Environmental Liabilities or Abandonment and Reclamation Obligations, including the right to name Seller or Court Officer as a ‘third party’ to any Action commenced by any Person against Buyer.

More Definitions of Abandonment and Reclamation Obligations

Abandonment and Reclamation Obligations means all past, present and future obligations to: (i) abandon, shut-down, close, decommission, dismantle or remove any and all Xxxxx and Tangibles, including all structures, foundations, buildings, pipelines, equipment and other Facilities located on the Lands or used or previously used in respect of Petroleum Substances produced or previously produced from the Lands or lands pooled or unitized therewith; and (ii) restore, remediate and reclaim the surface and subsurface locations of the Xxxxx, the Tangibles, the Lands, lands pooled or unitized therewith, and any lands used to gain access thereto, including such obligations relating to Xxxxx, Pipelines and Facilities which were abandoned or decommissioned prior to the Closing Date that were located on the Lands or that were located on other lands and used in respect of Petroleum Substances produced or previously produced from the Lands, and including the remediation, restoration and reclamation of any other surface and sub-surface lands affected by any environmental damage, contamination or other environmental issues emanating from or relating to the sites for the Xxxxx or the Tangibles; all in accordance with generally accepted oil and gas industry practices and in compliance with all Applicable Laws;

Abandonment and Reclamation Obligations means all legally binding unperformed obligations to (i) abandon, shut-down, close, decommission, dismantle and remove any and all fixtures, improvements, tangible personal property, structures, foundations, buildings, pipelines, equipment and other physical facilities located on any Owned Real Property or Leased Real Property, or lands pooled or unitized therewith, or any real property used or previously used by the Company or any of their respective Subsidiaries in respect of any mining or mine-related processing, storage, transportation or other mining activities; and (ii) investigate, monitor, restore, remediate and reclaim the surface and subsurface locations, if any, of such Owned Real Property or Leased Real Property, and lands pooled or unitized therewith, and any lands used to gain access thereto, including such obligations relating to any mining or mine-related processing, storage, transportation, production or other mining facilities used by the Company or any of its Subsidiaries or any of their predecessors in interest for which the Company or such Subsidiary may have continuing responsibility pursuant to a Lease that were abandoned or decommissioned, in whole or in part, prior to the Closing, and including the investigation, monitoring, remediation, restoration and reclamation of any other surface and subsurface lands affected by any environmental damage, contamination or other environmental issues emanating from or relating to such mining or mine-related processing, storage, transportation, production or other mining facilities; in the case of each of clauses (i) and (ii), that are required pursuant to any Lease or any Laws.

Abandonment and Reclamation Obligations means all past, present and future obligations to: (i) abandon, plug, shut-down, close, decommission, dismantle or remove any and all Xxxxx and Tangibles, including all structures, foundations, buildings, pipelines, equipment and other facilities used or previously used in respect of Petroleum Substances produced or previously produced from the Purchased Assets; and (ii) restore, remediate and reclaim the surface and subsurface locations of the Xxxxx and the Tangibles and any Lands used to gain access thereto, including such obligations relating to xxxxx, pipelines and facilities which were abandoned or decommissioned prior to the Effective Time that were located on Lands used in respect of Petroleum Substances produced or previously produced from such Lands, and including the remediation, restoration and reclamation of any other surface and sub-surface lands affected by any environmental damage, contamination or other environmental issues emanating from or relating to the sites for the Xxxxx or the Tangibles, all in accordance with generally accepted oil and gas industry practices and in compliance with all Applicable Law, provided however that such obligations and liabilities do not include obligations and liabilities solely associated with the Excluded Assets.

Abandonment and Reclamation Obligations means all past, present and future duties and obligations, whether arising under Contracts, applicable Law or otherwise, arising from or in connection with the closure, abandonment, decommissioning, dismantling and removal of any of the Conveyed Entity Assets and all structures, foundations, buildings, facilities, pipelines, equipment and other physical assets used in connection with the Business, together with the restoration, remediation and reclamation of the surface and subsurface of any lands on or in which any of the foregoing are or were located and any other lands which are or were used to gain access thereto, together with all associated Liabilities.

Abandonment and Reclamation Obligations means all past, present and future obligations and liabilities to: (i) abandon or re-abandon xxxxx that are or were located within the Whitemap Area and close, decommission, dismantle and remove all structures, foundations, buildings, pipelines, equipment, tanks and other facilities or tangibles that are or were located within the Whitemap Area, used or held for use or previously used or held for use in respect of Petroleum Substances produced from lands within the Whitemap Area, including all such xxxxx, structures, foundations, buildings, pipelines, equipment, tanks and other facilities or tangibles described in any Schedule to this Agreement; and (ii) restore, remediate and reclaim any surface and subsurface locations of the lands on which xxxxx, structures, foundations, buildings, pipelines, equipment, tanks and other facilities or tangibles described in Clause 1.1(b)(i) are or were located and all lands used to gain access to any of them, including such obligations relating to xxxxx, pipelines and other facilities or tangibles which were abandoned or decommissioned prior to the Effective Time that are or were located within the Whitemap Area; in each case, in accordance with good oil and gas industry practices in the province in which such lands, xxxxx, and tangible equipment are located, and in compliance with Applicable Laws and governing WCBU Title and Operating Documents, excluding all obligations and liabilities that are Excluded Liabilities or are related to the Excluded Assets.

Abandonment and Reclamation Obligations means all Losses and Liabilities and other duties and obligations, whether arising under contract, Applicable Law or otherwise, relating to:

Abandonment and Reclamation Obligations means the abandonment, closure, decommissioning, dismantling and removal of the SemCAMS Assets, including any structures, foundations, buildings, pipelines, facilities, equipment and other tangible depreciable property and assets, together with the restoration, remediation and reclamation of the lands on or in which any of the foregoing are or were located and any other lands used to gain access thereto all in accordance with generally accepted oil and gas industry practices and in compliance with Applicable Law;