Examples of Plugging and Abandonment Obligations in a sentence
Buyer shall conduct all Plugging and Abandonment Obligations and all other operations with respect to the Assets in a good and workmanlike manner and in compliance with all Laws, including Environmental Laws and Laws (now or hereafter in effect) relating to the protection of natural resources.
The Borrower confirms that as of the close of business on February 25, 2000, it had requested that Letters of Credit in an aggregate amount of $8,601,079 be issued under the Credit Agreement and those Letters of Credit were outstanding on such date.
Buyer shall defend, indemnify, and save and hold harmless Seller and its Affiliates, and its and their respective Representatives (the “Seller Indemnified Parties”), from and against any and all Losses attributable to or which arise from or in connection with (i) the Assumed Liabilities (including the Assumed Environmental Liabilities and Buyer’s Plugging and Abandonment Obligations) and (ii) any breach of any representation, warranty, covenant or agreement made by Buyer in this Agreement.
Buyer shall conduct all Plugging and Abandonment Obligations in compliance with all applicable lawsand regulations.
Plugging and Abandonment Obligations do not include cleanup of polluted lands, air or water other than routine cleanup normally associated with plugging and abandonment, such cleanup obligations which are other than routine being included within the definition of Environmental Liabilities.