Common use of ASSUMPTION AND RETENTION OF OBLIGATIONS Clause in Contracts

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. INDEMNIFICATION AND LIMITATIONS 41 22 14.1 Buyer’s 's Assumption of Liabilities and Obligations 41 22 14.2 Seller’s 's Retention of Liabilities and Obligations 42 22 14.3 Suspended Funds 42 Buyer's Plugging and Abandonment Obligations 22 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 42 Indemnification 23 14.5 Indemnification 43 Procedure 24 14.6 Procedure 44 No Insurance; Subrogation 25 14.7 Dispute Resolution 44 14.8 Reservation as to Non-Parties 45 14.9 Limitation on Damages 45 25 ARTICLE 15 MISCELLANEOUS 48 25 15.1 Exhibits 25 15.2 Expenses 48 15.2 25 15.3 Notices 48 15.3 Amendments/Waiver 49 25 15.4 Amendments 26 15.5 Assignment 49 15.5 Announcements 49 26 15.6 Counterparts/Fax Signatures 49 Confidentiality 26 15.7 Press Releases 26 15.8 Headings 26 15.9 Counterparts 26 15.10 References 26 15.11 Governing Law 50 15.8 Entire Agreement 50 15.9 Knowledge 50 15.10 27 15.12 Removal of Signs 27 15.13 Binding Effect 50 15.11 27 15.14 Survival 27 15.15 No Third-Party Beneficiaries 50 15.12 27 15.16 Limitation on Damages 27 15.17 Severability 50 15.13 Interpretation 50 15.14 Change of Name 51 15.15 Schedules 51 15.16 References, Titles and Construction 5127 15.18 Knowledge 27