Blowout Event definition
Blowout Event means a well blowout, explosion or similar loss of well control event, occurring during the period between the execution of this Agreement and the Closing Date and affecting any portion of the Assets that has that has had a material adverse effect on Buyer’s ability to consummate the financing transactions, in the reasonable judgment of Buyer, necessary for Buyer to consummate the transactions contemplated by, or to perform its obligations under, this Agreement.