Common use of Prior Operations Clause in Contracts

Prior Operations. Assignee hereby acknowledges that the Subject Interests have been utilized for the purpose of production and development of oil and gas and that there may have been spills of wastes, crude oil, produced water or other materials in the past onto such properties or in connection therewith. In addition, some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard Assignee expressly understands the NORM may affix or attach itself to the inside of ▇▇▇▇▇, materials and equipment as scale, or in other forms, and that said ▇▇▇▇▇, materials and equipment located on the Subject Interests or included therein may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Assignee also expressly understands that special procedures may be required for the remediation, removal, transportation and disposal of asbestos and NORM from the properties where it may be found

Appears in 1 contract

Sources: Purchase and Sale Agreement (Vtex Energy Inc)

Prior Operations. Assignee hereby acknowledges that the Subject Interests properties have been utilized for the purpose of production and development of oil and gas and that there may have been spills of wastes, crude oil, produced water or other materials in the past onto such properties the Properties or in connection therewith. In addition, some oil field production equipment may contain asbestos or naturally occurring radioactive material (hereinafter referred to as "NORM"). In this regard Assignee expressly understands the NORM may affix or attach itself to the inside of ▇▇▇▇▇, materials and equipment as scale, or in other forms, and that said ▇▇▇▇▇, materials and equipment located on the Subject Interests or included therein may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the properties. Assignee also expressly understands that special procedures may be required for the remediation, removal, transportation and disposal of asbestos and NORM from the properties where it may be found, and Assignee assumes all responsibility and liability for or in connection with assessment, remediation, removal, transportation, and disposal of any such materials and associated activities in accordance with all rules, regulations and requirements of governmental agencies.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Vtex Energy Inc)