Common use of Environmental Dispute Resolution Clause in Contracts

Environmental Dispute Resolution. (a) Seller and Buyer shall attempt to agree on all Environmental Defects and Environmental Defect Amounts prior to Closing. If Seller and Buyer are unable to agree by Closing, the Environmental Defects and Environmental Defect Amounts in dispute shall be exclusively and finally resolved pursuant to this Section 3.21 and either Party shall have the right, upon the delivery of written notice to the other Party, to dispute such matter and to invoke the dispute resolution provisions below in this Section 3.21 in order to resolve any such dispute. Any such notice must be delivered on or before the 10th Business Day after Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

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Environmental Dispute Resolution. (a) Seller and Buyer shall attempt to agree on all Environmental Defects and Environmental Defect Amounts prior to Closing. If Seller and Buyer are unable to agree by Closing, the Environmental Defects and Environmental Defect Amounts in dispute shall be exclusively and finally resolved pursuant to this Section 3.21 3.20 and either Party shall have the right, upon the delivery of written notice to the other Party, to dispute such matter and to invoke the dispute resolution provisions below in this Section 3.21 3.20 in order to resolve any such dispute. Any such notice must be delivered on or before the 10th Business Day after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atlas Energy Group, LLC)

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Environmental Dispute Resolution. (a) Seller Xxxxxx and Buyer Xxxxx shall attempt to agree on all Environmental Defects and Environmental Defect Amounts prior to Closing. If Seller Xxxxxx and Buyer Xxxxx are unable to agree by Closing, the Environmental Defects and Environmental Defect Amounts in dispute shall be exclusively and finally resolved pursuant to this Section 3.21 and either Party shall have the right, upon the delivery of written notice to the other Party, to dispute such matter and to invoke the dispute resolution provisions below in this Section 3.21 in order to resolve any such dispute. Any such notice must be delivered on or before the 10th Business Day after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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