Bargaining Position. Buyer expressly acknowledges and recognizes that the price for which the Seller Parties have agreed to sell the Assets and perform their obligations under the terms of this Agreement has been predicated upon the inapplicability of the Texas Deceptive Trade Practices—Consumer Protection Act, V.C.T.A. BUS & COMM ▇▇▇. § 17.41 et seq. (the “DTPA”), or any similar statute, and this waiver of the DTPA, and any similar statute, by Buyer. BUYER FURTHER RECOGNIZES THAT THE SELLER PARTIES, IN DETERMINING TO PROCEED WITH ENTERING INTO THIS AGREEMENT, HAVE EXPRESSLY RELIED ON THE PROVISIONS OF THIS ARTICLE 5.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Goodrich Petroleum Corp), Purchase and Sale Agreement (Memorial Production Partners LP)
Bargaining Position. Buyer expressly acknowledges and recognizes that the price for which the Seller Parties have has agreed to sell the Assets and perform their obligations under the terms of this Agreement has been predicated upon the inapplicability of the Texas Deceptive Trade Practices—Practices - Consumer Protection Act, V.C.T.A. BUS & COMM ▇▇▇. § 17.41 et seq. (the “DTPA”), or any similar statute, and this waiver of the DTPA, and any similar statute, by Buyer. BUYER FURTHER RECOGNIZES THAT THE SELLER PARTIESSELLER, IN DETERMINING TO PROCEED WITH ENTERING INTO THIS AGREEMENT, HAVE HAS EXPRESSLY RELIED ON THE PROVISIONS OF THIS ARTICLE 5.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Goodrich Petroleum Corp)