Prior Operations. Some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as “NORM”). In this regard, Buyer expressly understands that NORM may affix or attach itself to the inside of xxxxx, materials and equipment as scale, or in other forms, and that said xxxxx, materials and equipment located on the Properties or included therein may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the remediation, removal, transportation and disposal of asbestos and NORM from the Properties where it may be found, and Buyer, after Closing, assumes all responsibility and liability for or in connection with assessment, remediation, removal, transportation, and disposal of any asbestos and NORM and associated activities in accordance with all rules, regulations and requirements of governmental agencies.
Prior Operations. Buyer hereby acknowledges that the Properties have ----------------- been utilized for the purpose of production and development of oil and gas and that there may have been spills of wastes, crude oil, produced water or other materials in the past onto the Properties or in connection therewith. In addition, some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard Buyer expressly understands the NORM may affix or attach itself to the inside of xxxxx, materials and equipment as scale, or in other forms, and that said xxxxx, materials and equipment located on the Properties or included therein may contain NORM and that NORM-containing, material may be buried or otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the remediation, removal, transportation and disposal of asbestos and NORM from the Properties where it may be found, and Buyer assumes all responsibility and liability for or in connection with assessment, remediation, removal, transportation, and disposal of any such materials and associated activities in accordance with all rules, regulations and requirements of governmental agencies.
Prior Operations. Assignee hereby acknowledges that the Subject Interests have been utilized for the purpose of production and development of oil and gas and that there may have been spills of wastes, crude oil, produced water or other materials in the past onto such properties or in connection therewith. In addition, some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard Assignee expressly understands the NORM may affix or attach itself to the inside of xxxxx, materials and equipment as scale, or in other forms, and that said xxxxx, materials and equipment located on the Subject Interests or included therein may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Assignee also expressly understands that special procedures may be required for the remediation, removal, transportation and disposal of asbestos and NORM from the properties where it may be found
Prior Operations. Buyer hereby acknowledges that the Properties have been utilized for the purpose of production and development of oil and gas and that there may have been spills of wastes, crude oil, produced water or other materials in the past onto the Properties or in connection therewith. In addition, some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard Buyer expressly understands the NORM may affix or attach itself to the inside of wells, materials and equixxxxx as scale, or in other forms, and that said wells, materials and equixxxxx located on the Properties or included therein may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the Properties. BUYER ALSO EXPRESSLY UNDERSTANDS THAT SPECIAL PROCEDURES MAY BE REQUIRED FOR THE REMEDIATION, REMOVAL, TRANSPROTATION AND DISPOSAL OF ASBESTOS AND NORM FROM THE PROPERTIES WHERE IT MAY BE FOUND, AND BUYER ASSUMES ALL RESPONSIBILITY AND LIABILITY FOR OR IN CONNECTION WITH ASSESSMENT, REMEDIATION, REMOVAL, TRANSPORTTION, AND DISPOSAL OF ANY SUCH MATERIALS AND ASSOCIATED ACTIVITIES IN ACCORDANCE WITH ALL RULES, REGULATIONS AND REQUIREMENTS OF GOVERNMENTAL AGENCIES.
Prior Operations. Buyer does not have, and has never had, any business operations, assets or liabilities, other than de minimis assets and liabilities under this Agreement or incident to its formation.
Prior Operations. Each of Venus Argentina and Venus International is a newly organized corporation or limited liability company, as the case may be, formed solely to acquire and hold the Venus Assets, and has not engaged in any business other than the Intercompany Acquisition and the ownership and operation of the Venus Assets following the Intercompany Acquisition.
Prior Operations. Since their respective dates of formation, none of Holdings, Partnership, Merger Sub or Amalgamation Sub have carried on any business or conducted any operations other than the execution of this Agreement, the performance of their respective obligations hereunder and matters ancillary hereto.
Prior Operations. During the last five years, neither the Company nor any Subsidiary has carried on any trade or business, other than the business in which it is currently engaged and other education-related businesses, and neither has held any assets or incurred any liabilities, other than with respect to its current business or other education-related businesses.
Prior Operations. Subject to the provisions of Section 6.3 hereof, Buyer shall be responsible for and shall indemnify Seller against any and all liabilities related to the operations prior to the Closing of the non-institutional private client brokerage business of IAAC; provided however, that this provision shall not apply to any pending arbitration proceedings with respect to employees of IAAC's trading desk, or any liabilities related to the prior operations of IAAC's institutional trading desk, which such liabilities shall remain the obligation of Seller.
Prior Operations. The Company has had a limited ------------------ operating history and no revenues or earnings from operations since inception. The Company was formed in Delaware in 1999 to develop and supply to customers of the dental profession integrated software packages for office administration and management systems. All of the Company's operations since inception have been development stage operations toward realization of a software prototype suitable for testing and subsequent commercial exploitation.
