Examples of Seller Operated Assets in a sentence
Buyer and Seller shall execute all documents necessary to transfer operations on the Seller Operated Assets to Buyer or Buyer’s designated operator.
Seller makes no representations or warranties to Buyer as to transferability or assignability of operatorship of any Seller Operated Assets.
Seller will keep Buyer fully and promptly advised of all activities and operations concerning the Seller Operated Assets.
From time to time as requested by Buyer, Seller will meet with Buyer concerning operations of the Seller Operated Assets and the steps necessary to complete an orderly transition of the operatorship of the Seller Operated Assets as of the Closing Date.
Once the PLC yield has been established, that yield may be updated during the yield update period, as determined by the owner of the farm using certified yield data for the 2008 through 2012 crop years, if the crop was planted during those years.
Within five (5) days after the execution of this Agreement, Seller will provide Buyer (i) a list of all contractors and suppliers providing services or supplies in connection with the Seller Operated Assets and (ii) a complete inventory of all Equipment and other personal property owned and/or leased by Seller or its Affiliates and used in connection with the operation of the Seller Operated Assets.
The Seller Operated Assets (and, to Seller’s Knowledge, the Non-Operated Assets) are in compliance with applicable Laws, Permits, rules, regulations, ordinances and orders.
Xxxxxxxx LLC maintains, and until the Closing Date shall maintain, with respect to the Seller Operated Assets, at least the insurance coverage described on Schedule 4.9.
With respect to the Seller Operated Assets, Xxxxxxxx LLC has not received any prepayments or buydowns, or entered into any take-or-pay or forward sale arrangements, such that Xxxxxxxx LLC will be obligated after the Effective Time to make deliveries of Hydrocarbons produced from the Assets without receiving full payment therefor.
Xxxxxxxx LLC has maintained and is maintaining all material Permits with respect to the Seller Operated Assets.