P&A Obligations shall have the meaning set forth in Section 7.4.
P&A Obligations means, collectively, Liabilities, regardless of whether such Liabilities arose or arise on, before, or after the Closing Date, relating to the following applicable plugging, replugging, abandonment, removal, site clearance, site survey, remediation, disposal and restoration operations, in each case to be conducted in compliance with applicable Laws and Applicable Contracts, and in accordance with the methods and practices of a reasonably prudent owner and/or operator, as applicable, of upstream oil and gas properties similar to the Assets and located in the Transaction Area:
P&A Obligations means, collectively, Liabilities, regardless of whether such Liabilities or obligations arose or arise on, before, or after the Closing Date, to perform any plugging, replugging, abandonment, removal, site clearance, site survey, remediation, disposal, and restoration operations with respect to the Assets, in each case to be conducted in compliance with applicable Laws and Contracts, and in a good and workmanlike manner.
Examples of P&A Obligations in a sentence
In addition, if, on or before the Effective Date, the Debtors have obtained new sureties to secure performance of the Beta P&A Obligations (in addition to the Beta Replacement Sureties), then the Beta Trustee shall be authorized and directed to release the portion of the Beta Trust Pre-Existing Cash Deposit equal to the amount of such additional sureties.
Beta Replacement Sureties means the surety bonds in the aggregate amount of$62,000,000 that secure any Debtor’s performance of the Beta P&A Obligations.
The Delegation pointed out that the results of the use of information in the field of patents in order to support development and to assist small and medium enterprises (SMEs), thereby enabling their growth in individual countries, should be apparent.
Plaintiffs sued Apache for breach of contract, seeking a money judgment and injunctive relief requiring Apache to undertake all remaining P&A Obligations associated with ST 162 and HI A537/556.
Nor is Greenwich correct that the surety bonds merely ensured the completion of the P&A Obligations.
More Definitions of P&A Obligations
P&A Obligations means any plugging and abandonment, decommissioning, and similar health, safety, or environmental obligations and liabilities of the Debtors arising from or related to the various wells, oil and gas platforms, pipelines, other facilities, and interests owned by the Debtors.
P&A Obligations means any obligation of a Rooster Debtor to plug and abandon and decommission offshore wells, remove or remediate offshore platforms, pipelines and other structures, confirm site clearance, and perform related decommissioning for oil and gas installations and with respect to the Rooster Debtors’ oil and gas leases and other interests.
P&A Obligations means the plugging and abandoning and/or removal of xxxxx, platforms, facilities, pipelines and other equipment as required by all notices, rules and regulations of the Bureau of Ocean Energy Management, Regulation and Enforcement (the “BOEMRE”) and any other agency, body or authority having jurisdiction with respect to all xxxxx, platforms, pipelines, facilities and other equipment currently located on the Operated Properties and the Non-Operated Properties.
P&A Obligations with respect to all xxxxx, platforms, pipelines, facilities and other equipment currently located on the leases described in Exhibit F hereto (the “Operated Properties”), and (ii) all payments and/or deposits to be made by Buyer into the Operated Escrow Account as set forth in Section 7.07.01(c) hereunder (collectively, the “Guaranteed Obligations”), as and when the same shall be due and payable, whether by lapse of time, acceleration of maturity or otherwise, up to the maximum amount of Thirty Two Million Six Hundred Thousand and No/100 US Dollars (US$32,600,000.00) (the “Maximum Amount”), together with the costs of collection of the obligations of Guarantor under this Guaranty (the “Maximum Limit”), as the Maximum Amount may be adjusted from time to time (but never in excess of Thirty Two Million Six Hundred Thousand and No/100 US Dollars (US$32,600,000.00)) in accordance with the terms of the Guaranty. The obligations of Guarantor shall never exceed the Maximum Limit; however, subject to the Maximum Limit, the amount of the Guaranteed Obligations may vary (up or down) from time to time during the term of the Guaranty as the Maximum Amount varies in accordance with Section 7.07.01(b) below.
P&A Obligations means all obligations and liabilities of Seller concerning: (a) properly plugging, re-plugging and abandoning the Xxxxx, (b) the dismantling, decommissioning, abandoning and removing of the Xxxxx and Personal Property, and (c) the cleaning up, restoration and/or remediation of the Properties and Personal Property; in accordance with the Leases, regulations, orders and directives of the BOE or any other Governmental Authority, and applicable Laws (including Environmental Laws).
P&A Obligations means all obligations and liabilities of Principal to abandon, restore and remediate the Properties, whether arising before or after August 1, 2011 (the “Effective Time”), including obligations, as applicable to the Properties, to: (a) obtain plugging exceptions in the operator’s name for each Well with a current plugging exception, or permanently plugging and abandoning a Well; (b) plug, abandon, and if necessary, re-abandon each Well; (c) remove all equipment and facilities, including flowlines, pipelines and platforms; (d) close all pits; and (e) restore and remediate the surface, subsurface and offshore sites associated with the Properties; and
P&A Obligations means, to the extent required by applicable laws, rules or regulations or the terms of the Leases or the Contracts, (a) the plugging, abandonment and/or replugging of all Xxxxx, including inactive Xxxxx or temporarily abandoned Xxxxx, included in the Properties or otherwise drilled on the Lands, (b) the dismantling or decommissioning and removal of any platforms, fixtures, personal property and other property of whatever kind related to or associated with operations and activities conducted by whomever on the Properties, or otherwise, pursuant to the Leases or Contracts and (c) the clean up, restoration and/or remediation of the Lands covered by the Leases or related to the Properties.