ASSUMPTION AND RETENTION OF OBLIGATIONS Sample Clauses
ASSUMPTION AND RETENTION OF OBLIGATIONS. BY PARTIES; INDEMNIFICATION; DISPUTE RESOLUTION 44
14.1 Buyer’s Assumption of Liabilities and Obligations 44 14.2 Seller’s Retention of Liabilities and Obligations 45 14.3 Invoices for Property Expenses Received After the Settlement Date 45 14.4 Indemnification 45 14.5 Procedure 46 14.6 Dispute Resolution 47 14.7 No Insurance. Waiver of Subrogation Rights 48 14.8 Reservation as to Non-Parties 48 ARTICLE 15. MISCELLANEOUS 48 15.1 Expenses 48 15.2 Notices 48 15.3 Amendments/Waiver 50 15.4 Assignment 50 15.5 Announcements 50 15.6 Counterparts/Fax or pdf Signatures 50 15.7 Governing Law: Jurisdiction 50 15.8 Entire Agreement 51 15.9 Knowledge 51 15.10 Binding Effect 51 15.11 Limitation on Damages 51 15.12 No Third-Party Beneficiaries 51 15.13 Condition Precedent 51 15.14 Exhibits and Schedules 51 15.15 References, Titles and Construction 51 15.16 Further Assurances 52 SCHEDULE 2.6.E Authorized Capital SCHEDULE 6.5 Litigation SCHEDULE 6.13 Hydrocarbon Sales Contracts SCHEDULE 6.15 Imbalances and Inventory SCHEDULE 6.18 Obligatory Operations or Expenditures SCHEDULE 7.4 Buyer’s Litigation SCHEDULE 7.5 Buyer’s Liabilities SCHEDULE 8.1.B Compulsory Proposed Operations EXHIBIT A - Leases and Lands EXHIBIT B - ▇▇▇▇▇ EXHIBIT ▇-▇ Allocated Value Schedule EXHIBIT C - Material Agreements EXHIBIT D - Preference Rights and Required Consents EXHIBIT E - Assignment, ▇▇▇▇ of Sale and Conveyance EXHIBIT F- Form of Affidavit of Non-Foreign Status EXHIBIT G- Form of Buyer’s Officer Certificate EXHIBIT H- Form of Seller’s Officer Certificate EXHIBIT I- Synergy Common Stock IOU EXHIBIT J- Notice of Release, Termination and Extinguishment of Farmout Agreement EXHIBIT K- Escrow Agreement 10-Q 2.6.E 1031 Assets 1.5 75% NRI 4.1.A AAA 14.6 Agreement Preamble Allocated Value 2.3 Arbitrator 14.6 Asset 2.3 Assets 1.2 Assignment 12.3.A Assumed Liabilities 14.1 Audited Financial Statements 10B.2 Buyer Preamble Buyer’s Environmental Liabilities 5.2.B Cash Consideration 2.1 Casualty Loss 4.6 CERCLA 6.14(B) Claim 14.5.B Claim Notice 14.5.A Closing 12.1 Closing Amount 12.3.C Closing Date 12.1 Code 1.5 Consents Exclusion Adjustment 4.7.A.5 ▇▇▇▇▇ 2.5.B Costs 6A.1 Cure Period 4.3.F Data 1.2.I Defensible Title 4.1.A Deposit 2.2 Disputed Asset 4.4 Disputes 14.6 Effective Date Recitals Effective Time Preamble Environmental Condition 5.1 Environmental Cure Period 5.5.F Environmental Defect 5.1 Environmental Defect Adjustment 5.5.D Environmental Defect Date 5.4 Environmental Defect Deductible 5.5.G En...
ASSUMPTION AND RETENTION OF OBLIGATIONS. AND INDEMNIFICATION 27
14.1 Buyer's Assumption of Liabilities and Obligations...................................... 27 14.2 Seller's Retention of Liabilities and Obligations.......................................... 27
ASSUMPTION AND RETENTION OF OBLIGATIONS. INDEMNIFICATION AND LIMITATIONS 41 14.1 Buyer’s Assumption of Liabilities and Obligations 41 14.2 Seller’s Retention of Liabilities and Obligations 42 14.3 Suspended Funds 42 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 42 14.5 Indemnification 43 14.6 Procedure 44 14.7 Dispute Resolution 44 14.8 Reservation as to Non-Parties 45 14.9 Limitation on Damages 45 ARTICLE 15 MISCELLANEOUS 48 15.1 Expenses 48 15.2 Notices 48 15.3 Amendments/Waiver 49 15.4 Assignment 49 15.5 Announcements 49 15.6 Counterparts/Fax Signatures 49 15.7 Governing Law 50 15.8 Entire Agreement 50 15.9 Knowledge 50 15.10 Binding Effect 50 15.11 No Third-Party Beneficiaries 50 15.12 Severability 50 15.13 Interpretation 50 15.14 Change of Name 51 15.15 Schedules 51 15.16 References, Titles and Construction 51
ASSUMPTION AND RETENTION OF OBLIGATIONS. AND INDEMNIFICATION; 26 DISCLAIMERS
ASSUMPTION AND RETENTION OF OBLIGATIONS. (a) SELLER EXPRESSLY RETAINS RESPONSIBILITY FOR AND AGREES TO PAY, PERFORM, FULFILL AND DISCHARGE ALL CLAIMS, COSTS, EXPENSES, LIABILITIES AND OBLIGATIONS THAT MEET BOTH OF THE FOLLOWING REQUIREMENTS: (I) THEY ACCRUE OR RELATE TO THE OWNING, DEVELOPING, EXPLORING, OPERATING AND MAINTAINING OF THE INTERESTS CONVEYED TO BUYER AT THE CLOSING AND (II) THEY RELATE TO PERIODS PRIOR TO THE EFFECTIVE TIME (INCLUDING, WITHOUT LIMITATION, THOSE FOR ENVIRONMENTAL DAMAGE, INCLUDING WITHOUT LIMITATION, THOSE MATTERS SET FORTH ON SCHEDULE 3.1(J), AND FURTHER INCLUDING, WITHOUT LIMITATION, PAYMENT OF ROYALTIES AND OVERRIDING ROYALTIES, AND ALL OBLIGATIONS ARISING UNDER THE CONTRACTS), PROVIDED THAT, AS TO ENVIRONMENTAL DAMAGE ONLY, SUCH CLAIMS, COSTS, EXPENSES, LIABILITIES AND OBLIGATIONS ARE ASSERTED BY BUYER OR BY THIRD PARTIES AGAINST SELLER BY FEBRUARY 1, 2000 AS TO ENVIRONMENTAL DAMAGE.
ASSUMPTION AND RETENTION OF OBLIGATIONS. BY PARTIES; INDEMNIFICATION; DISPUTE RESOLUTION 52 14.1. Buyer's Assumption of Liabilities and Obligations. 52 14.2. Seller's Retention of Liabilities and Obligations. 53 14.3. Invoices for Property Expenses Received After the Settlement Date. 53 14.4. Indemnification. 53
A. Seller's Indemnification of Buyer. 53 B. Buyer's Indemnification of Seller. 54 C. Release. 54 14.5. Procedure. 54 A. Claim Notice. 54 B. Information. 54 14.6. Dispute Resolution. 55
A. Disputes Subject to Article 14.6. 55 B. Procedure for Dispute Resolution. 55 14.7. No Insurance: Subrogation. 56 14.8. Reservation as to Non-Parties. 56 ARTICLE 15 56 MISCELLANEOUS 56 15.1. Expenses. 56 15.2. Notices. 56 15.3. Amendments/Waiver. 57 15.4. Assignment. 58 15.5. Announcements. 58 15.6. Counterparts/Fax or pdf Signatures. 58 15.7. Governing Law: Jurisdiction. 58 15.8. Entire Agreement. 58
ASSUMPTION AND RETENTION OF OBLIGATIONS. AND INDEMNIFICATION 31 ARTICLE XV MISCELLANEOUS 34
ASSUMPTION AND RETENTION OF OBLIGATIONS. 25 9.5 INDEMNIFICATION.............................................26
ASSUMPTION AND RETENTION OF OBLIGATIONS. INDEMNIFICATION 54
ASSUMPTION AND RETENTION OF OBLIGATIONS. AND INDEMNIFICATION 26 14.1 Buyer’s Assumption of Liabilities and Obligations. 26 14.2 Sellers’ Retention of Liabilities and Obligations. 26 14.3 Proceeds and Invoices for Property Expenses Received After the Settlement Date. 26 A. Proceeds. 26 B. Property Expenses. 26 14.4 Indemnification. 27 A. Sellers’ Indemnification of Buyer. 27 B. Buyer’s Indemnification of Sellers. 27 C. Release. 28 14.5 Procedure. 28 A. Coverage. 28 CB. laim Notice. 28 C. Information. 28 14.6 Dispute Resolution. 28 14.7 No Insurance; Subrogation.
