Buyers Review. 4.01. BUYER'S REVIEW BEFORE THE EXECUTION DATE. (a) Buyer acknowledges that Noble has not provided Buyer with, any data or materials regarding the Beta Interests. Buyer acknowledges that all data and material that it has reviewed in connection with this transaction have been obtained from third parties other than Noble and its Affiliates. (b) By entering into this Agreement, Buyer acknowledges and represents that it has reviewed and inspected the Beta Tangible Assets and the Property, in each case to its satisfaction to enable it to submit its offer to purchase the Beta Interests and to execute this Agreement, and that it is not entitled to a reduction in the Purchase Price, indemnification or any other recourse of any kind whatsoever against Noble in the event that title related issues arise after the Execution Date. Buyer has undertaken all appropriate inquiry to its satisfaction, and has made an informed decision to acquire the Beta Interests on the basis of its own investigations and without reliance on statements or investigations by any other Person, including Noble or its Associated Parties.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Pacific Energy Resources LTD)
Buyers Review. 4.01. BUYER'S REVIEW BEFORE THE EXECUTION DATEBuyer's Review before the Execution Date.
(a) Buyer acknowledges that Noble Shell does not possess, and has not provided Buyer with, any data or materials regarding the Beta Interests. Buyer acknowledges that all data and material that it has reviewed in connection with this transaction have been obtained from third parties other than Noble Shell and its Affiliates.
(b) By entering into this Agreement, Buyer acknowledges and represents that it has reviewed and inspected the Beta Tangible Assets and the Property, in each case to its satisfaction to enable it to submit its offer to purchase the Beta Interests and to execute this Agreement, and that it is not entitled to a reduction in the Purchase Price, indemnification or any other recourse of any kind whatsoever against Noble Shell in the event that title related issues arise after the Execution Date. Buyer has undertaken all appropriate inquiry to its satisfaction, and has made an informed decision to acquire the Beta Interests on the basis of its own investigations and without reliance on statements or investigations by any other Person, including Noble Shell or its Associated Parties.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Pacific Energy Resources LTD)