Common use of Buyer’s Plugging and Abandonment Obligations Clause in Contracts

Buyer’s Plugging and Abandonment Obligations. As part of the Assumed Liabilities, upon Closing, Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets (“Buyer’s Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before, on or after the Effective Time:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cimarex Energy Co), Purchase and Sale Agreement (Callon Petroleum Co)

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Buyer’s Plugging and Abandonment Obligations. As part of In addition to the Assumed Liabilities, upon Closing, Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets all Xxxxx (“Buyer’s Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before, on before or after the Effective Time:. All operations by Buyer under this Section shall be conducted in a good and workmanlike manner and in compliance with all applicable laws and regulations.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Venoco, Inc.), Purchase and Sale Agreement (Aspen Exploration Corp)

Buyer’s Plugging and Abandonment Obligations. As part of In addition to the Assumed Liabilities, upon Closing, Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets ("Buyer’s 's Plugging and Abandonment Obligations"), regardless of whether they are attributable to the ownership or operation of the Assets before, on before or after the Effective Time:. All operations by Buyer under this Section shall be conducted in a good and workmanlike manner and in compliance with all applicable laws and regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Berry Petroleum Co)

Buyer’s Plugging and Abandonment Obligations. As part of In addition to the Assumed Liabilities, upon Closing, Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets (“Buyer’s Plugging and Abandonment Obligations”"BUYER'S PLUGGING AND ABANDONMENT OBLIGATIONS"), regardless of whether they are attributable to the ownership or operation of the Assets before, on before or after the Effective Time:. All operations by Buyer under this Section shall be conducted in a good and workmanlike manner and in compliance with all applicable laws and regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Williams Companies Inc)

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Buyer’s Plugging and Abandonment Obligations. As part of In addition to the Assumed Liabilities, upon Closing, Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets (“Buyer’s Plugging and Abandonment Obligations”"BUYER'S PLUGGING AND ABANDONMENT OBLIGATIONS"), regardless of whether they are attributable to the ownership or operation of the Assets before, on before or after the Effective Time:. All operations by Buyer under this section shall be conducted in a good and workmanlike manner and in compliance with all applicable laws and regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Buyer’s Plugging and Abandonment Obligations. As part of In addition to the Assumed Liabilities, upon Closing, Closing Buyer assumes full responsibility and liability for the following plugging and abandonment obligations related to the Assets (“Buyer’s Plugging and Abandonment Obligations”), regardless of whether they are attributable to the ownership or operation of the Assets before, on before or after the Effective Time:. All operations by Buyer under this Section shall be conducted in a good and workmanlike manner and in compliance with all applicable laws and regulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Berry Petroleum Co)

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