Limitations on Withdrawal. No PARTY shall be relieved of its obligations hereunder during a well or platform fire, blowout or other emergency thereon, but may withdraw from this Agreement and be relieved of such obligations after termination of such emergency, provided such PARTY shall be and remain liable for its full share of all costs arising out of said emergency, including without limitation, the drilling of a relief well, containment and cleanup of oil spill and pollution and all costs of platform debris removal made necessary by the emergency.
Appears in 4 contracts
Sources: Limited Partnership Agreement (Primeenergy Corp), Joint Operating Agreement (Ridgewood Enengy K Fund LLC), Joint Operating Agreement (Ridgewood Energy L Fund LLC)
Limitations on Withdrawal. No PARTY shall be relieved of its obligations hereunder during a well or platform fire, blowout or other emergency thereon, but buy may withdraw from this Agreement and be relieved of such obligations after termination of such emergency, provided such PARTY shall be and remain liable for its full share of all costs arising out of said emergency, including without limitation, the drilling of a relief well, containment and cleanup of oil spill and pollution and all costs of platform debris removal made necessary by the emergency.
Appears in 2 contracts
Sources: Undivided Interest Agreement (Beta Oil & Gas Inc), Oil and Gas Lease Agreement (Beta Oil & Gas Inc)