Implementing Cleanup. If Seller elects to Cleanup an Environmental Defect pursuant to Section 8.2.1, Seller shall select the means and methods of effecting the Cleanup in accordance with applicable Environmental Laws, applicable industry standards, and any applicable agreement. Seller’s responsibility for remediation under this Section 8.2.4 shall be limited to a standard appropriate for the use of an Asset for oil and gas activities and in accordance with all applicable Laws.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Pedevco Corp)
Implementing Cleanup. If Seller elects to Cleanup an Environmental Defect pursuant to Section 8.2.1, Seller shall select the means and methods of effecting the Cleanup in accordance with applicable Environmental Laws, applicable industry standards, and any applicable agreement. Seller’s responsibility for remediation under this Section 8.2.4 8.2 shall be limited to a standard appropriate for the use of an Asset for oil and gas activities and in accordance with all applicable Lawslaws.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Samson Holdings, Inc.)