Common use of Limitations on Withdrawal Clause in Contracts

Limitations on Withdrawal. No Party shall be relieved of its obligations hereunder during a blowout, a fire, or other emergency, but may withdraw from this Agreement after termination of such emergency, provided such Party shall remain liable for its share of all costs arising from said emergency. Notwithstanding Section 14.1, no Party shall be required to accept an assignment of a withdrawing Party's interest. If no Party is willing to accept the assignment, the Party seeking to withdraw shall remain subject to this Agreement.

Limitations on Withdrawal. No Party party shall be relieved of its obligations hereunder during a blowout, a fire, fire or other emergency, but may withdraw from this Agreement after termination of such emergency, provided such Party shall remain liable for its share of all costs arising from said emergency. Notwithstanding Section 14.1, no Party shall be required to accept an assignment of a withdrawing Party's interest. If no Party is willing to accept the assignmentincluding, but not limited to, the Party seeking to withdraw shall remain subject to this Agreementdrilling of relief wells, containment and cleanup of ▇▇▇ ▇pill and pollution, and all costs of Platform debris removal made necessary by the emergency.

Limitations on Withdrawal. No Party party shall be relieved of its obligations hereunder during a blowout, a fire, fire or other emergency, but may withdraw from this Agreement after termination of such emergency, provided such Party shall remain liable for its share of all costs arising from said emergency. Notwithstanding Section 14.1, no Party shall be required to accept an assignment of a withdrawing Party's interest. If no Party is willing to accept the assignmentincluding, but not limited to, the Party seeking to withdraw shall remain subject to this Agreementdrilling of relief wells, containment and cleanup of oil spill and pollution, and a▇▇ ▇▇sts of Platform debris removal made necessary by the emergency.