Assignments by DLB Sample Clauses

Assignments by DLB. In implementation of the closing of the transactions contemplated by (i) that certain Commitment Agreement dated as of January 20, 1997, among WRT, as debtor-in-possession, DLB and Wexford Management LLC and (ii) the Plan, and in consideration of the exchange of consideration set forth in the Commitment Agreement, the receipt and adequacy of which is hereby acknowledged, effective as of the "Effective Date" of the Plan (as such term is defined in the Plan), DLB assigns, grants, conveys and delivers to New WRT, subject to those certain exclusions set forth in Section 1.2 herein, all of DLB's right, title and interest in, to and under the following: (a) The Assets acquired by DLB from TEPI pursuant to the PS&C Agreement, and that certain Assignment, Conveyance and Bill ▇▇ Sale by and between TEPI and DLB dated March 11, 1997 (the "Assignment"), attached as Exhibit B-1 to the PS&C Agreement; (b) Those certain Gas Purchase Contracts by and between TEPI and DLB, each dated March 11, 1997 (attached as Exhibits E-1 and E-2 to the PS&C Agreement), which provide for, inter alia, the mutual sale and purchase by DLB and TEPI of certain quantities of DLB and TEPI gas; (c) That certain Shorebase Service Agreement by and between TEPI and DLB dated March 11, 1997 (attached as Exhibit G to the PS&C Agreement), pursuant to which TEPI, as an independent contractor, will provide to DLB certain operating services and shorebase facilities in connection with the West Cote ▇▇▇▇▇▇▇ ▇▇▇ Field; and (d) Those certain procedures for resolving disputes relating to or arising out of the Contemplated Transactions as set forth in Exhibit D to the PS&C Agreement, and as acknowledged by DLB and New WRT (the "Dispute Resolutions").