Remedies for Environmental Defects. Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) is not waived in writing by Buyer or cured on or before Closing, Seller shall, at its sole option, elect to:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Houston Exploration Co), Purchase and Sale Agreement (Houston Exploration Co)
Remedies for Environmental Defects. (a) Subject to Seller’s the continuing right of Seller to dispute the existence of an asserted Environmental Defect and/or the Remediation Amount asserted with respect theretoEnvironmental Defect Value and subject to the rights of the Parties under Section 15.01(f), in the event that if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, Seller shall, at its sole option, elect to:
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)
Remedies for Environmental Defects. Subject to Seller’s continuing right to dispute the existence of an Environmental Defect and/or the Remediation Amount asserted with respect thereto, in In the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) is not waived in writing by Buyer or cured on or before Closing, Seller shallthen, at its sole optionsubject to Seller’s right to dispute the existence of a Environmental Defect and/or the Remediation Amount asserted with respect thereto, the Parties shall mutually elect to:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement
Remedies for Environmental Defects. Subject to Seller’s 's continuing right to dispute the existence of an a Environmental Defect and/or the Remediation Amount asserted with respect thereto, in the event that any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a9.1(a) is not waived in writing by Buyer or cured on or before Closing, Seller shallmay, at its sole option, elect to:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pinnacle Gas Resources, Inc.)
Remedies for Environmental Defects. (a) Subject to Seller’s the continuing right of Seller to dispute the existence of an asserted Environmental Defect and/or or the Remediation Amount asserted with respect theretoEnvironmental Defect Value and subject to the rights of the Parties under Section 13.01(f), in the event that if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, Seller shall, at its sole option, elect to:
Appears in 1 contract
Remedies for Environmental Defects. (a) Subject to Seller’s the continuing right of the Sellers to dispute the existence of an asserted Environmental Defect and/or or the Remediation Amount asserted with respect theretoEnvironmental Defect Value and subject to the rights of the Parties under Section 13.01(f), in the event that if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, Seller shall, at its sole option, the Sellers shall elect to:
Appears in 1 contract
Samples: Membership Interest and Asset Purchase Agreement (Resolute Energy Corp)
Remedies for Environmental Defects. (a) Subject to Seller’s the continuing right of Seller to dispute the existence of an asserted Environmental Defect and/or or the Remediation Amount asserted with respect theretoEnvironmental Defect Value and subject to the rights of the Parties under Section 13.01(d), in the event that if any Environmental Defect timely asserted by Buyer in accordance with Section 12.1(a) 5.03 is not waived in writing by Buyer or cured on or before Closing, Seller shall, at its sole option, elect the Parties shall mutually agree to:
Appears in 1 contract
