Liability for Abandonment. A withdrawing Party shall remain liable and obligated for its share of all net costs and obligations that in any way relate to the abandonment of Joint Operations or a Sole Risk Project in which such withdrawing Party participated. Prior to withdrawal such withdrawing Party shall provide the other Parties with such security therefore as is acceptable to all such other Parties. A Party's withdrawal shall not relieve it from liability to the non-withdrawing Parties with respect to any obligations or liabilities attributable to the withdrawing Party under this Article X merely because such obligations or liabilities are not identifiable at the time of withdrawal.
Appears in 2 contracts
Sources: Joint Operating Agreement, Joint Operating Agreement