EOG Property definition
Examples of EOG Property in a sentence
EOG and Mich▇▇▇ ▇▇▇h agree that the transfer of the EOG Property and the MICH▇▇▇ ▇▇▇perty are both made subject to all reservations, exceptions, limitations, contracts and other burdens or instruments which are of record or of which the Parties had actual or constructive notice affecting such properties, including any matter included or referenced in the materials made available by each Party to the other.
The Purchase Price excludes any sales taxes or other taxes in connection with the sale of the EOG Property because the parties believe that this sale is exempt from sales tax.
Subject to the terms and conditions set forth hereinafter, EOG agrees to grant or convey to Mich▇▇▇ (▇▇ichever is applicable as provided for below) the EOG Property (as defined hereinafter) and Mich▇▇▇ ▇▇▇ees to accept the EOG Property, and tender consideration therefor, in the manner and of the type and amount as hereinafter required.
In the event it is determined that a net gas imbalance exists with respect to operations relating to the EOG Property, the Purchase Price shall be adjusted upward or downward, as the case may be, to reflect the effect of such net gas imbalance for the EOG Property as of the Effective Time.
With regard to the EOG Property, however, Mich▇▇▇ ▇▇▇ll assume all responsibility for notifying the purchasers of oil and gas production, and such other designated persons who may be responsible for disbursing payments for the purchase of such production, of the transfer of ownership of the EOG Property.
In connection therewith, EOG shall provide Mich▇▇▇ ▇▇▇h a complete list of all purchasers of oil, gas and condensate production from the EOG Property no later than five (5) days prior to the Closing.
All ad valorem taxes, real property taxes and similar obligations ("Property Taxes") attributable to the EOG Property for the year 1998 shall be paid by Mich▇▇▇.
The grant and conveyance of the EOG Property from EOG to Mich▇▇▇ ▇▇▇ the conveyance of the MICH▇▇▇ ▇▇▇perty from Mich▇▇▇ ▇▇ EOG shall be effective as of January 1, 1998, at 7:00 a.
If prior to the Closing all or any portion of the EOG Property is substantially damaged or destroyed by fire or other casualty ("EOG Casualty Defect"), EOG shall notify Mich▇▇▇ ▇▇▇mptly after EOG learns of such event.
Consequently, it is crucial to rehabilitate existing infrastructure and construct new infra- structure to ensure quality of drinking water and establish water supply and wastewater treatment systems according to the safety standards.