Plugging and Abandonment of Xxxxx Sample Clauses

Plugging and Abandonment of Xxxxx. (a) Buyer shall not at any time abandon, relinquish, surrender, or otherwise permit to expire its leasehold interest in any Lease, or plug and abandon the last producing well or xxxxx capable of production from the Shallow Rights on the applicable Lease acreage, without first giving Seller written notice of such desire and intention at least sixty (60) days before said leasehold interest is to be abandoned, relinquished, surrendered, or otherwise permitted to expire, or the last producing well or xxxxx capable of producing from the Shallow Rights on the applicable Lease is to be plugged and abandoned. Seller shall have thirty (30) days after receipt of such notice within which to notify Buyer whether Seller elects to take over the leasehold interest of Buyer in the applicable Lease. If Seller elects to take over the leasehold interest of Buyer in any Lease, Buyer shall promptly assign to Seller such leasehold interest, using the form of assignment in Exhibit B-1 for a Texas Lease or Exhibit B-2 for a Louisiana Lease.
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Plugging and Abandonment of Xxxxx. In accordance with state law and this Agreement, Operator shall plug and abandon all of the xxxxx shown on Exhibit D (“P&A Xxxxx”), attached hereto and incorporated herein by reference. The Operator shall properly drain, plug and decommission in accordance with City and COGCC rules and regulations all flowlines and pipelines associated with the P&A Well(s) and shall remove all facilities related to the P&A Xxxxx taking into consideration the terms of the governing surface use agreement. If a waiver or variance is required by the COGCC for Operator’s planned reclamation, Operator will also obtain a waiver or variance from the City. The plugging and abandoning of a particular P&A Well shall commence within one hundred and twenty (120) days following the commencement of production from a New Well located in each of the COGCC drilling and spacing units encompassing the leasehold originally drilled by such P&A Well. Operator agrees that any well that Operator plugs and abandons, either before or after the Effective Date, may not be re-entered by Operator.
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Plugging and Abandonment of Xxxxx. There are no Xxxxx operated by Seller and located on the Land that (i) Seller is obligated by Law or contract to plug and abandon at this time; or (ii) have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each Governmental Authority having jurisdiction over the Interests.
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Related to Plugging and Abandonment of Xxxxx

  • Termination and Abandonment This Agreement may be terminated at any time prior to the Closing:

  • Abandonment of Position An employee who fails to report for duty for three (3) consecutive working days without informing the Employer of the reason for her absence will be presumed to have abandoned her position. An employee shall be afforded the opportunity within ten (10) working days to rebut such presumption and demonstrate that there were reasonable grounds for not informing the Employer.

  • Restoration of Rights on Abandonment of Proceedings In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.

  • Title, Conservation and Disposition of REO Property (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the Servicer shall cause the deed or certificate of sale to be issued in the name of the Trustee, on behalf of the Certificateholders.

  • Abandonment of Premises If the property becomes vacant during the term of this lease, and if at the time of the vacancy Tenant are in default in the payment of any installment of rent, then the rent for the entire term shall become at once due and payable and Landlord may proceed to collect rent for said entire premises, with or without process of law, to take possession thereof, to remove any and all property there from and store as required by law, to lease the premises as agent of Tenant, and to apply the proceeds received from such letting toward the payment of Tenant' rent under this lease; such re-entry and re-letting shall not discharge Tenant from liability for rent, nor from any other obligation under the terms of this lease.

  • Effect of Termination and Abandonment Upon the termination of this Agreement and abandonment of the Merger pursuant to Section 8.1 or 8.2 hereof, this Agreement shall become void and have no effect, and no party shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger, or as a result of the termination of this Agreement; provided, that the foregoing shall not relieve a party of any liability as a result of a breach of any of the terms of this Agreement.

  • Job Abandonment (a) If an employee is absent without authorized leave for twelve (12) or more consecutive days, excluding officially observed University Holidays or days when the University is officially closed by the directive of the University President or President’s designee, under the provisions of the BOT-UFF Policy on Leaves, the employee shall be considered to have abandoned the position and voluntarily resigned from the University.

  • Reports of Foreclosures and Abandonment of Mortgaged Property The Master Servicer or the Subservicers shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and deliver to the Trustee an Officers' Certificate on or before March 31 of each year stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050H, 6050J and 6050P of the Code.

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a service apartment unit bearing postal address of No. B-04-09, Block B, Apartment Dwi Danga, Xxxxx Xxxxxx, Xxxxxxx Xxxxxx Xxxxx, 00000 Xxxxx Xxxxx, Xxxxx Xxxxx Xxxxxx.

  • Environmental, Health and Safety Matters Except as set forth on Schedule 4.20:

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