Common use of Physical Condition of the Properties Clause in Contracts

Physical Condition of the Properties. The Properties (solely for purposes of this Article, the term "Properties" shall mean the lands covered by the leases included in the Interests or included in a statutory or voluntary unit with such lands, and shall included both the surface and the subsurface) have been used for oil and gas drilling, production, gathering and processing operations, related oil field operations and possibly for other operations, whether of a similar or dissimilar nature. Physical changes in or under the Properties or adjacent lands may have occurred as a result of such uses. The Properties also may contain buried pipelines and other equipment, whether or not of a similar nature, the locations of which may not be known to Seller or be readily apparent by a physical inspection of the Properties. Third parties may have used the Properties or the surface rights thereon for other purposes as well. Buyer understands that Seller does not have the requisite information with which to determine the exact nature or condition of the Properties nor the effect any such use has had on the physical condition of the Properties. Buyer is hereby notified that detectable amounts of regulated and unregulated chemicals and other substances which may pose a threat to health or to plants or wildlife, or which are known to cause illnesses, diseases, cancer, birth defects and other reproductive harm, may be found in, on or around the Properties. Adverse physical conditions, including the presence of such chemicals and other substances, may not be revealed by Buyer's investigation. In addition, Buyer acknowledges that some oil field production equipment may contain various contaminants or hazardous substances, including without limitation, asbestos and/or naturally-occurring radioactive material ("NORM"). In this regard, Buyer expressly understand that NORM may affix or attach itself to the inside of ▇▇▇▇▇, materials, pipes and equipment as scale or in other forms, and that ▇▇▇▇▇, materials, pipes and equipment located on the Properties may contain NORM and that NORM-containing materials may be buried or have been otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the removal and disposal of various contaminants or hazardous substances, including without limitation asbestos and NORM, from the Properties where it may be found. The statements in this Section 8.1 are intended as disclosures and acknowledgments of possible conditions existing on the Properties.

Physical Condition of the Properties. The Properties (solely for purposes of this Article, the term "Properties" shall mean the lands covered by the leases included in the Interests or included in a statutory or voluntary unit with such lands, and shall included both the surface and the subsurface) properties have been used for oil and gas drilling, production, gathering drilling and processing production operations, related oil field operations and possibly for other operations, whether the storage and disposal of a similar waste materials or dissimilar naturehazardous substances. Physical changes in or under the Properties or adjacent lands may have occurred as a result of such uses. The Properties also may contain buried pipelines and other equipment, whether or not of a similar nature, the locations of which may not now be known to by Seller or be readily apparent by a physical inspection of the Properties. Third parties may have used the Properties or the surface rights thereon for other purposes as well. Buyer Purchaser understands that Seller does foes not have the requisite information with which to determine the exact nature or condition of the Properties nor the effect any such use has had on the physical condition of the Properties. Buyer Pursuant to the Safe Water Drinking and Toxic Enforcement Act of 1986, Purchaser is hereby notified and assumes the risk that detectable amounts of regulated and unregulated chemicals and other substances which may pose a threat to health or to plants or wildlife, or which are known to cause illnesses, diseases, cancer, birth defects and other reproductive harm, harm may be found in, on or around the Properties. Adverse As of the Closing Date, Purchaser shall assume the risk that the Properties may contain waste or contaminants and that adverse physical conditions, including the presence of such chemicals and other substanceswaste or contaminants, may not be have been revealed by BuyerPurchaser's investigation. As of the Closing Date, all responsibility and liability related to disposal, spills, waste or contamination on or below the Properties shall be transferred from Seller to Purchaser, only to the extent that such occurrences occurred after the period of Seller's ownership of the Properties. In addition, Buyer Purchaser acknowledges that some oil field production equipment located on the Properties may contain various contaminants or hazardous substances, including without limitation, asbestos and/or naturally-occurring radioactive material ("NORM"). In this regard, Buyer Purchaser expressly understand understands that NORM may affix or attach itself to the inside of well▇, ▇▇▇▇▇, materials, pipes terials and equipment as scale or in other forms, and that ▇▇▇▇well▇, materials, pipes materials and equipment located on the Properties described herein may contain NORM and that NORM-containing materials may be buried or have been otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the removal and disposal of various contaminants or hazardous substances, including without limitation asbestos and NORM, from the Properties where it may be found. The statements in this Section 8.1 are intended as disclosures and acknowledgments of possible conditions existing on the Properties.

Physical Condition of the Properties. The Properties (solely for purposes of this Article, the term "Properties" shall mean include the lands covered by the leases included in the Interests or included in a statutory or voluntary unit with such lands, and shall included both the surface and the subsurfaceSycamore System) have been used for oil and gas drilling, production, gathering and processing operations, related oil field operations and possibly for other operations, whether of a similar or dissimilar nature. Physical changes in or under the Properties or adjacent lands may have occurred as a result of such uses. The Properties also may contain buried pipelines and other equipment, whether or not of a similar nature, the locations of which may not be known to Seller Sellers or be readily apparent by a physical inspection of the Properties. Third parties may have used the Properties or the surface rights thereon for other purposes as well. Buyer understands that Seller does the Companies do not have the requisite information with which to determine the exact nature or condition of the Properties nor the effect any such use has had on the physical condition of the Properties. Buyer is hereby notified that detectable amounts of regulated and unregulated chemicals and other substances which may pose a threat to health or to plants or wildlife, or which are known to cause illnesses, diseases, cancer, birth defects and other reproductive harm, may be found in, on or around the Properties. Adverse physical conditions, including the presence of such chemicals and other substances, may not be revealed by Buyer's investigation. In addition, Buyer acknowledges that some oil field production equipment may contain various contaminants or hazardous substances, including without limitation, asbestos and/or naturally-occurring radioactive material ("NORM"). In this regard, Buyer expressly understand that NORM may affix or attach itself to the inside of well▇, ▇▇▇▇▇, materialsterials, pipes and equipment as scale or in other forms, and that well▇, ▇▇▇▇▇, materialsterials, pipes and equipment located on the Properties described herein may contain NORM and that NORM-NORM- containing materials may be buried or have been otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the removal and disposal of various contaminants or hazardous substances, including without limitation asbestos and NORM, from the Properties where it may be found. The statements in this Section 8.1 9.1 are intended as disclosures and acknowledgments of possible conditions existing on the Properties.

Physical Condition of the Properties. The Properties (solely for purposes of this Article, the term "Properties" shall mean include the lands covered by the leases included in the Interests or included in a statutory or voluntary unit with such lands, and shall included both the surface and the subsurface▇▇▇▇▇▇ System) have been used for oil and gas drilling, production, gathering and processing operations, related oil field operations and possibly for other operations, whether of a similar or dissimilar nature. Physical changes in or under the Properties or adjacent lands may have occurred as a result of such uses. The Properties also may contain buried pipelines and other equipment, whether or not of a similar nature, the locations of which may not be known to Seller Sellers or be readily apparent by a physical inspection of the Properties. Third parties may have used the Properties or the surface rights thereon for other purposes as well. Buyer understands that Seller the Company does not have the requisite information with which to determine the exact nature or condition of the Properties nor the effect any such use has had on the physical condition of the Properties. Buyer is hereby notified that detectable amounts of regulated and unregulated chemicals and other substances which may pose a threat to health or to plants or wildlife, or which are known to cause illnesses, diseases, cancer, birth defects and other reproductive harm, may be found in, on or around the Properties. Adverse physical conditions, including the presence of such chemicals and other substances, may not be revealed by Buyer's investigation. In addition, Buyer acknowledges that some oil field production equipment may contain various contaminants or hazardous substancessub- stances, including without limitation, asbestos and/or naturally-occurring radioactive material ("NORM"). In this regard, Buyer expressly understand that NORM may affix or attach itself to the inside of ▇▇▇▇▇, materials, pipes and equipment as scale or in other forms, and that ▇▇▇▇▇, materials, pipes and equipment located on the Properties described herein may contain NORM and that NORM-containing materials may be buried or have been otherwise disposed of on the Properties. Buyer also expressly understands that special procedures may be required for the removal and disposal of various contaminants or hazardous substances, including without limitation asbestos and NORM, from the Properties where it may be found. The statements in this Section 8.1 9.1 are intended as disclosures and acknowledgments of possible conditions existing on the Properties.

Physical Condition of the Properties. The Properties (solely for purposes of this Article, the term "Properties" shall mean the lands covered by the leases included in the Interests or included in a statutory or voluntary unit with such lands, and shall included both the surface and the subsurface) Proper­ties have been used for oil and gas drilling, production, gathering and processing operationsopera­tions, related oil field operations and possibly for other operationsopera­tions, whether of a similar or dissimilar dissimi­lar nature. Physical changes in or under the Properties or adjacent lands may have occurred as a result of such uses. The Properties also may contain buried pipelines and other equipment, whether or not of a similar nature, the locations of which may not be known to Seller or be readily apparent by a physical physi­cal inspection of the Properties. Third parties may have used the Properties or the surface rights thereon for other purposes as well. Buyer understands under­stands that Seller does not have the requisite information informa­tion with which to determine the exact nature or condition of the Properties nor the effect any such use has had on the physical physi­cal condition of the Properties. Buyer is hereby notified that detectable amounts of regulated and unregulated chemicals and other substances which may pose a threat to health or to plants or wildlifewild­life, or which are known to cause illnesses, diseases, cancer, birth defects and other reproductive harm, may be found in, on or around the Properties. Adverse physical conditions, including the presence of such chemicals chemi­cals and other substances, may not be revealed by Buyer's investigation’s investiga­tion. In addition, Buyer acknowledges that some oil field production produc­tion equipment may contain various contaminants or hazardous substancessub­stances, including without limitation, asbestos and/or naturally-occurring radioactive material ("“NORM"”). In this regard, Buyer expressly understand that NORM may affix or attach itself to the inside of ▇▇▇▇▇, materials, pipes and equipment as scale or in other forms, and that ▇▇▇▇▇, materials, pipes and equipment located on the Properties may contain NORM and that NORM-containing contain­ing materials may be buried or have been otherwise disposed of on the Properties. Buyer also expressly understands under­stands that special procedures may be required for the removal and disposal of various contaminants or hazardous substances, including without limitation asbestos and NORM, from the Properties where it may be found. The statements in this Section 8.1 are intended as disclosures and acknowledgments of possible conditions existing on the PropertiesProperties and not an admission or acknowledgment that any such conditions actually exist.