Description of Obligations. From and after the Closing, except as set forth in Section 8.6.2, the indemnification rights in Section 8.4 for the benefit of W&T shall not cover any the following occurrences, events, conditions, and activities on or related to the Property (the “Environmental Obligations”), regardless of whether arising from the ownership or operation of the Property before or after the Calculation Date, and regardless of whether resulting from any acts or omissions of KMG (INCLUDING THOSE ARISING FROM KMG’S SOLE, JOINT, CONCURRENT, OR COMPARATIVE NEGLIGENCE, GROSS NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT) or the condition of the Property when acquired:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (W&t Offshore Inc), Agreement and Plan of Merger (Kerr McGee Corp /De)
Description of Obligations. From and after the Closing, except as set forth in Section 8.6.2, the indemnification rights in Section 8.4 for the benefit of W&T shall not cover any the following occurrences, events, conditions, plugging and activities on or abandonment obligations related to the Property (the “Environmental Plugging and Abandonment Obligations”), regardless of whether arising from they are attributable to the ownership or operation of the Property before or after the Calculation Date, Date and regardless of whether resulting from any acts or omissions of KMG (INCLUDING THOSE ARISING FROM KMG’S ’s SOLE, JOINT, CONCURRENT, CONCURRENT OR COMPARATIVE NEGLIGENCE, GROSS NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT) or the condition of the Property when acquired, including Claims related to:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (W&t Offshore Inc), Agreement and Plan of Merger (Kerr McGee Corp /De)
