Common use of Abandonment Security Clause in Contracts

Abandonment Security. (A) As a condition to the effectiveness of its withdrawal, a withdrawing Party shall provide Security reasonably satisfactory to the other Parties to satisfy any such obligations or liabilities which were approved or accrued prior to notice of withdrawal, but which become due after its withdrawal, including Security to cover the costs of any abandonment and Decommissioning and the special reserve account under the Contract, if applicable.

Abandonment Security. (A) As a condition to the effectiveness of its withdrawal, a A withdrawing Party shall provide Security reasonably satisfactory to the other Parties to satisfy any such obligations or liabilities which were approved or accrued prior to notice of withdrawal, but which become due after its withdrawal, including including, without limitation, Security to cover the costs of any abandonment and Decommissioning and the special reserve account under the Contractan abandonment, if applicable.; provided that the withdrawing Party was participating or was obligated to participate in the operations which gave rise to such obligations or liabilities. "

Abandonment Security. (A) As a condition to the effectiveness of its withdrawal, a 11.8 A withdrawing Party shall provide Security reasonably security satisfactory to the other Parties to satisfy any such obligations or liabilities which were approved or accrued prior to notice of withdrawal, but which become due after its withdrawal, including Security including, without limitation, security to cover the costs of any abandonment and Decommissioning and the special reserve account under the Contractan abandonment, if applicable.. Failure to provide security shall constitute default under this Agreement. For the purposes of this Section 11.8, "

Abandonment Security. (A) As a condition to the effectiveness of its withdrawal, a A withdrawing Party shall provide Security reasonably satisfactory to the other Parties to satisfy any such obligations or liabilities which were approved or accrued prior to notice of withdrawal, but which become due after its withdrawal, including including, without limitation, Security to cover the costs of any abandonment and Decommissioning and the special reserve account under the Contractan abandonment, if applicable.